President Trump unveiled what he calls the “Black Economic Empowerment — Platinum Plan,” at a campaign event in Atlanta, Georgia on Friday, promising to secure more lending for Black-owned businesses if elected for a second term.
Why it matters: With national polls showing the president lagging behind Joe Biden with Black voters, Trump’s plan also includes a proposal to make Juneteenth — the commemoration of the end of slavery in the U.S. — a federal holiday.
By the numbers: The Trump campaign said in a release that federal investments could generate $500 billion in additional capital, generate 3 million new jobs for Black Americans and 500,000 new Black-owned businesses.
- The other side: Biden has pledged to leverage $150 billion in new capital for Black-owned businesses and increase funding for historically Black colleges and universities. Sen. Kamala Harris along with fellow Senate Democrats introduced legislation earlier this year to make Juneteenth