Sen. Amy Klobuchar: More help for women and Black-owned businesses hurt by pandemic is needed

The government should provide more help to Black and minority-owned businesses suffering during the pandemic, Sen. Amy Klobuchar (D-Minn.) said at an Axios event on Wednesday.Why it matters: Klobuchar said small communities have been "hit hard" during the pandemic, and women and minority-owned businesses were late to receive financial recovery aid.As Axios' Naomi Shavin wrote in May, structural barriers and a lack of "cash buffers" during the first round of PPP loans made surviving a pandemic particularly difficult for black and minority-owned businesses.What she's saying: "And we know who's been hit hard by this pandemic, whether it's because they're essential workers, whether it's because they're laid off, whether it's because of the death rate and where you've seen these higher mortality rates with the minority communities or whether it's where the aid has gone."Klobuchar said she's pushing to include a venture capital proposal that would encourage more women and minority entrepreneurship in the next relief plan. "No one is better off if we have a whole group in our society who's been hurt more by this pandemic than others," she said.Of note: Klobuchar also said she sees a path to passing the $15 minimum wage legislation through reconciliation in the upcoming COVID bill. "You've had a lot of these minimum wage increases passed in jurisdictions across the country and not just in blue states," she said.Watch the full event here.

Comments

Business News

HMRC £10 a day penalties to be charged to thousands of people

I've visited 21 cities and villages in Italy. There are 4 places I can't wait to return to, and 2 I'd leave off my itinerary next time.

about 4 hours ago

Voters Approve Incorporation of SpaceX Hub as Starbase, Texas

Comments

Similar News

Matthews, Leafs Eliminate Sens In 5, Face Marchand, Panthers In 2nd Round

Senate confirms former Sen. David Perdue as Trump's U.S. ambassador to China amid tariff showdown

Senate confirms former Sen. David Perdue as Trump's US ambassador to China amid tariff showdown

Sen. Van Hollen Says Trump Administration Made $15 Million Deal With El Salvador To Imprison Deportees Including Abrego Garcia

Sen. Van Hollen Meets Kilmar Abrego Garcia In El Salvador

Former Sen. Joe Manchin is working on a memoir. 'Dead Center' is scheduled for September

Sen. Elissa Slotkin on Trump tariffs already affecting Michigan workers

Meta whistleblower’s testimony will show if Mark Zuckerberg, other execs ‘lied to Congress’ about China ties: Sen. Hawley

Michigan Sen. Elissa Slotkin discusses impact of auto tariffs on the state

Sen. Chris Murphy rips Trump for using tariffs to gain fealty from private industry

Business News

HMRC £10 a day penalties to be charged to thousands of people

Martin Lewis names two banks to switch to after Chase cuts cashback

USWNT Legend Carli Lloyd Inducted Into National Soccer Hall Of Fame

Hours left to get 30% off strips shoppers say gave 'whiter teeth in 7 days for a wedding'

Debenhams slashes 90% off price of 'elegant' and 'sleek' £780 bejewelled watch

Boden's best of sale buys– linen trousers, summer dresses and more on discount this week

Parents urged to check free childcare hours as major change due in coming months

Today’s ‘Wordle’ #1415 Hints, Clues And Answer For Sunday, May 4th

Amazon shoppers love fan 'powerful enough to cool you on hottest of nights'

Marriott CEO says ‘the right thing’ about DEI, gets 40K emails in response

BTS Leader RM Hits No. 1

Congress Should Not Impose Foreign Price Controls On Innovative Drugs

These Packers’ Draft Picks Will Make The Biggest Splash In 2025

I've visited 21 cities and villages in Italy. There are 4 places I can't wait to return to, and 2 I'd leave off my itinerary next time.

Voters Approve Incorporation of SpaceX Hub as Starbase, Texas

NPR stations targeted for cuts by Trump have provided lifelines to listeners during disasters

Who is Greg Abel, the executive picked to be successor to Warren Buffett?

Release of 'Grand Theft Auto VI' pushed to next year

Man who won millions in Powerball lottery arrested, accused of striking sheriff's deputy in Florida

Warren Buffett's best and worst investments in his 60 years as Berkshire Hathaway CEO

Four savvy ways to make use of lemons around the house

From a dog who chases squirrels to a confused cat – your pet queries answered

Sean Penn Says Timely Drama ‘Words Of War’ Is A Five-Alarm Fire Warning

UFC Des Moines Results: Cory Sandhagen Vs. Deiveson Figueiredo Card

Warren Buffett: How the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge

Digital powerhouse Uber now accepts cash for fares

Beloved coffee shop closes after 11 years over ‘economic pressures’ as owners say it’s with the ‘heaviest of hearts’

Measles Updates: More Than 930 Cases As Texas Outbreak Spreads

‘Thunderbolts’ Strike Box Office Gold To Fire Up 1st Weekend Of Summer

Medicaid Is Not A Test Lab For Foreign Price Controls

Canelo Alvarez Vs. William Scull Results & Full Fight Card Results

Aston Martin and BAE move annual general meetings online

HAMISH MCRAE: Big business will survive Donald Trump

TONY HETHERINGTON: I lost £500,000 to a scam, but the solicitors who received the cash are staying quiet

STS GLOBAL INCOME & GROWTH TRUST: Resilient fund has helped to turn defence into an investment art form

A £20m payday for White Company duo despite fall in profit

Female-led businesses still face a funding gap

MIDAS SHARE TIPS: Add some muscle to your money by cashing in on new wellness trends

If hackers are not bad enough... Chancellor is killing the High Street

EastEnders composer SIMON MAY reveals how he clawed his way back from a tour that nearly broke him

Trump's tariffs will put up YOUR motor insurance

Cyber criminals hold Britain's boardrooms to ransom

JEFF PRESTRIDGE: Inspired by Police Squad!, how a company director turned the tables on a hapless fraudster

Warren Buffett says US spending is 'unsustainable,' but doesn't envy DOGE and its efforts to fix it

As a single mom, I took my 3 kids to Disneyland alone. It was exhausting and my favorite trip ever.

How Warren Buffett prepared to end his 60-year reign at Berkshire Hathaway

Here are the 20 best quotes from Warren Buffett, the famed investor and outgoing CEO of Berkshire Hathaway

Who is Greg Abel, the heir apparent to Warren Buffett at Berkshire Hathaway?

My husband signed our 8-year-old daughter up for too many sports. I think it's ruining her childhood.

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year

Who is Greg Abel, the executive picked to be successor to Warren Buffett?

State pensioners born before this year get instant £100 winter fuel payment increase

The US economy is truly difficult to navigate as Trump pushes forward massive fiscal policy changes

How to make your money stretch to your next pay day in 10 easy to follow steps

Brit accused of being ringleader of Scattered Spider cyber gang revealed after group’s cyber attack crippled M&S

Family ordered to tear down giant metal gate blocking popular path after battle with villagers sparked huge protest

Aldi selling Prosecco for less than a fiver – but you have to be quick as the deal ends TOMORROW

‘Rust’: Scandal-Plagued Alec Baldwin Movie Flops In Theaters

Here's how business leaders are reacting to Warren Buffett stepping down from Berkshire Hathaway

Warren Buffett shocks shareholders by announcing his intention to retire at the end of the year