May 5, 2021

Biden will help restaurant owners (unless they’re a white male)

To be eligible, the business must be “at least 51 percent owned by one or more individuals who are women, veterans, or socially and economically disadvantaged and if the management and daily business operations of the applicant are controlled by one or more women, veterans, or socially and economically disadvantaged individual.”


The Biden administration is defining businesses owned by “socially and economically disadvantaged” individuals as those who are:

  • Part of an “economically disadvantaged Indian tribe”
  • “Subjected to racial or ethnic prejudice or cultural bias”
  • Black American
  • Hispanic American
  • Native American, including Alaska Native and Native Hawaiian
  • Asian Pacific American
  • Subcontinent Asian American





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