HARRISONBURG, Va. (WHSV) - Virginia Senator Mark Warner spoke with some local businesses and other regional financial institutions about a new bill he is working on to expand economic opportunity as businesses begin to recover from COVID-19.
Warner wants billions of federal dollars to go toward loans and grants to help low-income and minority communities overcome the recent economic crisis.
“We’re going to see, particularly amongst women-owned businesses, Black-owned businesses, brown-owned businesses across the commonwealth and across the country, that they have not had as much access to capital,” Warner said. “We can see a complete hemorrhaging.”
Warner said $7 billion would be used to go toward programs like those that helped businesses after the fiscal crisis in 2008.
Article courtesy WHSV