Page 38 - FCW, August 2021
P. 38
The risks of pushing for procurement equity
A White House plan to steer $100 billion to small disadvantaged businesses could prove transformative for historically underserved communities nationwide —with the proper oversight
BY CHRIS RIOTTA
On the 100-year anniversary of the race massacre in Tulsa, Okla., during which a thriving area known as Black Wall Street was destroyed, President Joe Biden announced a governmentwide effort to address the racial wealth gap
in the United States. His plan focuses on rooting out racial discrimination in the housing market, providing grants
and funding for community- driven civic infrastructure projects, and expanding federal contracting by 50 percent for small disadvantaged businesses (SDBs).
36 August 2021
FCW.COM
