President Biden announces a new plan to narrow the racial wealth gap, including $100 billion more in federal contracts to small businesses and rules to end housing discrimination
, when an estimated 300 Black Americans living in Greenwood, Tulsa — also known as the"Black Wall Street" — were killed by a white-supremacist mob.
"Because disparities in wealth compound like an interest rate," the statement said,"the disinvestment in Black families in Tulsa and across the country throughout our history is still felt sharply today." Homeownership is a key part of Biden's plan to build wealth in Black communities. The statement cited a that found houses in majority Black neighborhoods were often valued at tens of thousands of dollars less than similar homes in majority-white areas.
The White House said that a cross-government effort would potentially enforce existing fair housing laws, and develop new guidance with industry"to root out discrimination in the appraisal and homebuying process." to build wealth in communities of color. The measures include a new $10 billion Community Revitalization Fund to pay for community-led civic infrastructure projects that aim to"spark new local economic activity.
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Joe Biden Declares Day Of Remembrance On 100th Anniversary Of Tulsa Race MassacrePresident Joe Biden declared a Day of Remembrance on Monday to mark the 100th anniversary of the Tulsa Race massacre, an event that left as many Black Americans killed and nearly 10,000 homeless. B…
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Biden proclaims day of remembrance on 100th anniversary of Tulsa Race MassacrePresident Biden has issued a proclamation to commemorate the 100th anniversary of the Tulsa Race Massacre, when hundreds of Black Americans were killed by a White mob that attacked a prosperous Black neighborhood and burned down dozens of city blocks.
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Biden proclaims day of remembrance on Tulsa Race Massacre's 100th anniversaryPresident Biden issued a proclamation to commemorate the 100th anniversary of the Tulsa Race Massacre and declared Monday to be a 'Day of Remembrance.'Driving the news: Biden said he wanted Americans to reflect on 'this solemn centennial' the 'deep roots of racial terror in our nation and recommit to the work of rooting out systemic racism across our country.'Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free100 years ago, a violent white supremacist mob raided, firebombed, and destroyed the thriving Black neighborhood of Greenwood in Tulsa, Oklahoma.Today, we recommit to eradicating systemic racism and helping to rebuild communities and lives that have been destroyed by it.— The White House (WhiteHouse) May 31, 2021 BidenWhat else he's saying: Biden said with the proclamation, he was committing to the descendants and survivors of the rampage by white supremacists, who killed as many as 300 Black Americans in the-then thriving Black neighborhood of Greenwood, and that 'this Nation that we will never forget.' 'We honor the legacy of the Greenwood community, and of Black Wall Street, by reaffirming our commitment to advance racial justice through the whole of our government, and working to root out systemic racism from our laws, our policies, and our hearts,' he said.'The Federal Government must reckon with and acknowledge the role that it has played in stripping wealth and opportunity from Black communities.'More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
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Meet The Women Of Color Who Are Revitalizing Tulsa Years After The Tulsa Race MassacreAfter World War 1, Tulsa was recognized nationally for its affluent African-American community known as the Greenwood District also referenced to as The Black Wall Street.
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Meet The Women Of Color Who Are Revitalizing Tulsa Years After The Tulsa Race MassacreAfter World War 1, Tulsa was recognized nationally for its affluent African-American community known as the Greenwood District also referenced to as The Black Wall Street.
Read more »
Meet The Women Of Color Who Are Revitalizing Tulsa Years After The Tulsa Race MassacreAfter World War 1, Tulsa was recognized nationally for its affluent African-American community known as the Greenwood District also referenced to as The Black Wall Street.
Read more »