Senator John Kerry Proposes New Grant Program for Black Colleges and Universities to Boost Entrepreneurship and Economic Development

The increase in the number of black businesses over the past five years, as reported in the item above, is encouraging. But Senator John Kerry has proposed a program to boost entrepreneurship among blacks to an even higher level.

Kerry’s Minority Entrepreneurship and Innovation Pilot Program, introduced in the Senate earlier this month, calls for 24 grants of $1 million each to black colleges and universities and other minority-serving institutions to create an entrepreneurship curriculum and to establish small business development centers on their campuses where students can receive counseling on how to start their own business once they graduate.