Whites need not apply? Target announces $2 billion spending plan targeting black-owned businesses

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MINNEAPOLIS, MI – Target has announced that the retail outlet will spend more than $2 billion with black-owned businesses by the end of 2025. Their plan calls for several initiatives, including the creation of the Forward Founders program to aid new black business development.

A general merchandise retailer with stores in all 50 U.S. states and the District of Columbia, Target pledged Wednesday to add products across its multi-category assortment from more than 500 black-owned businesses and engage more black-owned companies to enhance its retail operations and shopping experience.

Target claims the new initiatives are to support its commitment to social justice and racial equity.

Christina Hennington, executive vice president and chief growth officer, discussed Target’s plans in a press release:

“We have a rich history of working with diverse businesses, but there’s more we can do to spark change across the retail industry, support the black community and ensure black guests feel welcomed and represented when they shop at Target.

“The bold actions we’re announcing today reflect Target’s ongoing commitment to advance racial equity for the black community. They also represent significant economic opportunity for hundreds of new black-owned companies, who we look forward to doing business with for years to come.”

Target’s announcement included the creation of a new resource to help black-owned vendors grow and successfully develop their businesses in mass retail. The new Forward Founders program is targeted to helping new black entrepreneurs:

“This program will engage black entrepreneurs earlier in their startup journey to help them navigate the critical stages of ideation, product development, and scaling for mass retail.

With increased access to subject matter experts and educational workshops earlier in the startup process, Forward Founders is designed to help black-owned businesses increase their potential for long-term success in retail.”

Target has been headquartered in Minneapolis, Minnesota since its first store opened in 1962. It is now one of the largest retail corporations in the United States with 75% of the U.S. population living within 10 miles of a Target store.

The retailer has 1,904 stores in the United States and took in $78.1 billion in total revenue in 2019.

A target in Minneapolis was looted during riots that broke out following the death of George Floyd in the city last spring.

Target has previously pledged to improve what it sees as racial inequality in its employees, pledging to increase the representation of black employees by 20 percent over the next three years, and committed $10 million to support nonprofit organizations “focused on addressing the systemic and structural barriers facing Black communities.”

Target is taking a gamble by joining the movement to support black-owned businesses at a time when businesses with white owners are also suffering.

In January, then-President-elect Joe Biden faced a backlash over vows to prioritize minority-owned businesses over white-owned businesses. The President-elect wrote:

“Our priority will be black, Latino, Asian, and Native American owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild.”

Biden’s promise to base COVID-19 relief to businesses based on racial makeup and the sex of their owners caused criticism from many, including former White House Press Secretary George W. Bush, who asked:

 “Why not hard-hit, struggling business owners who need assistance, without regard to the color of their skin, gender, or ethnic heritage?”

Fox News host Brit Hume did not hold back his thoughts when he called the President’s words “racial discrimination, plain and simple.”

Former Maryland congressional nominee Kimberly Klacik wrote on her Twitter account that Biden’s words were offensive to the teachings of Dr. Martin Luther King:

“This is actual discrimination. The opposite of what my hero, Dr. Martin Luther King Jr, fought & died for in America.”

Former Bartley fellow at the Wall Street Journal Chloé Valdary said the President’s words divide and create resentment, and do not help the black community:

“Fomenting racial resentment among poor whites has never served communities of color. Instead of undermining the status quo, this perpetuates it.

“If you believe that Black Lives Matter, don’t foster conditions under which envy can be more easily directed toward those very lives.”

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Report: Biden’s $2.5T infrastructure plan includes $20B to destroy highways in the name of racial injustice

April 2, 2021

 

WASHINGTON, D.C.- President Joe Biden’s $2.5 trillion infrastructure plan reportedly includes $20 billion to be spent on destroying highways that have been categorized as roadways that have historically divided communities.

The Biden administration pointed to the Claiborne Expressway in New Orleans as well as Interstate 81 in Syracuse, New York as two examples of “long-standing and persistent racial injustice” in infrastructure.

The plan reportedly involves reconnecting neighborhoods, including the one in New Orleans. The plan, which has been dubbed the “American Jobs Plan,” specifically mentions the Claiborne Expressway and how that specific highway divided the community. The outline reads:

“Too often, past transportation investments divided communities, like the Claiborne Expressway in New Orleans or I-81 in Syracuse or left out the people most in need of affordable transportation options.”

A whopping $621 billion has been set aside for “transportation and resilience,” with the administration promising it will address historic inequities. The Biden administration stated:

“Structural racism and persistent economic inequities have undermined opportunity for millions of workers.”

During a Senate confirmation hearing in January, Biden’s Transportation Secretary Pete Buttigieg said in a statement:

“At their worst, misguided policies and missed opportunities in transportation can reinforce racial and economic inequality by dividing or isolating neighborhoods and undermining government’s basic role of empowering American to thrive.”

The proposed infrastructure plan has been widely criticized for including non-infrastructure related components and on Thursday, April 1st, Tucker Carlson warned that the Biden administration is “looting America.”

Carlson said that the infrastructure outline is as much about tearing down highways than it is building them. He added:

“Expect a lot more highways to meet this fate. People who believe highways are racist will get tens of billions of dollars as part of this plan, as long as they’re in what the Biden administration calls ‘underserved communities.'”

Carlson continued:

“Is this really about infrastructure? Bridges? Roads? Airports? Things we could actually use? Or is it yet another weird climate scheme/power grab/race-based redistribution plan?”

Despite the vast investment plan, many Democrats are not at all happy with the plan, even stating that it is not enough. Alexandria Ocasio-Cortez tweeted:

“This is not nearly enough. The important context here is that it’s $2.25T spread out over 10 years. For context, the COVID package was $1.9T for this year *alone* with some provisions lasting 2 years. Needs to be way bigger.”

The $20 billion program, as outlined in the proposal, would:

“Reconnect neighborhoods cut off by historic investments and ensure new projects increase opportunity advance racial equity and environmental justice, and promote affordable access.”

According to reports, in addition to the $20 billion to reconnect urban neighborhoods cut off by these highways, the $2 trillion proposal includes:

$115 billion to repair and rebuild bridges, highways and roads;

$100 billion to expand high-speed broadband across the entire country;

$100 billion to upgrade and build new schools; and

$100 billion to expand and improve power lines and spur a shift to clean energy.

Biden’s just-passed $1.9 trillion American Rescue Plan relied entirely on deficit spending. This time, the administration is proposing tax hikes to play for the infrastructure plan. Several of these tax hikes are directed at corporations.

The White House wants to raise corporate taxes to 28 percent, halfway between the current top corporate rate of 21 percent set by former President Donald Trump’s 2017 tax law and the 35 percent rate before it was enacted.

While the bulk of the proposal’s $2 trillion in spending would come in over the coming eight years, the administration says the increased revenue would pay for all the projects over a timespan nearly twice as long, which is nearly 15 years.

 

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