Vice President Kamala Harris continued her Economic Opportunity Tour on Monday at the Charles H. Wright Museum of African American History in Detroit. At the event, she announced new government grants for auto supply companies.
“I am proud to announce we are investing $100 million in small and medium-sized auto supply companies, many of which are Black-owned and based right here in Michigan. These grants will allow businesses to upgrade production and production lines to produce parts for electric vehicles. I am also pleased to announce the launch of a new program that will match government-backed loans with private equity capital to help small and mid-sized auto suppliers access loans from a quarter million dollars to ten million dollars,” the vice president said.
The nationwide tour aims to highlight the administration’s efforts in enhancing community investment. President Biden will be addressing the NAACP in Detroit in just two weeks.
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
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