Biden unveils post-pandemic economic plan centred around racial equality

He plans to spend $50 billion to provide startup capital that can help entrepreneurs of color start businesses in disadvantaged areas

Joe Biden unveiled a plan Tuesday to ensure that the nation's post-pandemic economic recovery is built around promoting racial equality, promising to dramatically spur investment in Black-owned small businesses and encourage home ownership while closing wealth gaps among minority communities.

Much of the 26-page proposal and the billions in federal spending needed to pay for it had already been promised as part of previous, larger Biden plans to jumpstart the economy when the coronavirus outbreak begins to recede.

But as protests against institutional racism and police brutality have swept the country in recent months, the presumptive Democratic presidential nominee is attempting to