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Competitive grants targeted to neighborhoods where people have been cut off from jobs, schools and businesses because of previous transportation investments and it will also invest $31 billion to support minority-owned small businesses. now, these efforts are aimed to really help communities like greenwood community in tulsa, the one that was coined black wall street because it had its own functioning black banks, black restaurants, black hotels, sin nas, you name it and that was destroyed 100 years ago by that white mob. these actions the president takes will help communities like that proppe...

The president is proposing. >> reporter: 90 seconds ago the white house embargo lifting so we can tell you details of the president's new economic push to help communities of color. involves 10 billion for of revitalization, 15 billion for transportation infrastructure, 5 billion for border wall housing, 31 billion in small business programs after the president's proclamation of the day of remembrance for tulsa saying i call on the american people to reflect on deep roots of racial terror in the nation and we commit to rooting out systemic racism across the country. biden's visit today will be...

Right now with these new details just out this morning include $10 billion to revitalize black communities, 15 billion for transportation. 5 billion for affordable housing, 31 billion for small business programs and a tax credit to attract private investment in affordable housing. and president biden's visit follows a memorial service where lawmakers and civil rights leaders prayer wall outside a church destroyed by a white mob 300 years ago jerks of wealth destroyed in that black neighborhood. >> what happened in this community, what happened to my people is unacceptable. >> we will say to am...

The massacre, meet with some of the survivors but also be connecting what happened then to what happened after that massacre in the 100 years since the policies that have really hurt black americans and affected this country's movement towards racial equity. and that is where president biden is going to focus his attention is on taking some actions to try and address the wealth gap between black and white americans. we're going to see him pledge to increase federal contracting money for small disadvantaged businesses by 50%. the administration is projecting that that could be an increase of $1...

With survivors as jim mentioned that long ignored massacre of black wall street and announce some steps to provide some redress, financially, try to narrow to some degree the racial wealth gap. so there are new regulations on federal contracting designed to push more money into the hands of minority owned businesses. there are fair housing regulations that he is going to promote. and there is some money, $31 billion of aid for small businesses. but that money small business requires action. there is a microcosm. they're minority driven and energize democratic party. a republican party that is