I think this is an encouraging idea, as many African Americans, Blacks, and/or “entrepreneurs of color” who are trying to launch start-ups, are often overburdened with traditional loan repayments and fees that in the past – likely resulted in defaults, or asset seizures which defeated the whole idea of going into business in the first place. An infusion of financial means of the sort, in my opinion, would be no different than what companies like Microsoft and Google has been taking advantage of for decades in order to launch pilot programs or fund corporate entities. I would hope that if such a plan were carried into effect, the requirements to secure the grant are not so stipulating in that the means are not worth pursuing the subsidy, or concession [if you will]. Moreover, the whole idea would be to unleash the power of businesses owned and operated by the socioeconomic classes the grant will target; hence more unicorns, and the strength of the United States put on greater display.
Read about the senator’s $7,000,000,000.00 grant plan by clicking here.