President Biden will detail his administration’s planned initiatives to combat racial injustice on Tuesday during a speech commemorating the 100th anniversary of the Tulsa race massacre. Biden will travel to the Greenwood Cultural Center in Tulsa and meet with survivors of the 1921 massacre. The president will unveil plans to expand federal contracting with disadvantaged small businesses by 50%, according to senior administration officials. Biden will also tout investments as part of his proposed "American Jobs Plan," including a $10 billion fund to overhaul infrastructure in underserved communities and $31 billion to support minority-owned small businesses. Officials cited statistics showing a gap in valuations for homes located in predominately white neighborhoods compared to homes in predominantly Black or Latino neighborhoods.

Source: Fox News June 01, 2021 09:22 UTC