The plan outlined Monday would provide 1 million fully forgivable loans of up to $20,000 to Black entrepreneurs and others to start a business. The loans would be financed through partnerships between "mission-driven lenders," community oriented banks and the Small Business Administration, the campaign said.
The agenda also includes training and mentorship programs to help Black men get jobs in high-demand industries, and greater investments in the Public Service Loan Forgiveness program to recruit and retain Black male teachers.
The PSLF program provides student loan forgiveness after 10 years to borrowers who work in certain nonprofit and government jobs. Black men make up less than 2% of public school teachers in the U.S., according to the findings of the National Teacher and Principal Survey for the 2020-21 school year.
Harris also promised she would support federal-level marijuana legalization, a major step beyond the Biden administration's current stance on cannabis, which includes pardoning people convicted of marijuana possession and exploring a potential reclassification of marijuana on the drug schedule.
Harris "will break down unjust legal barriers that hold Black men and other Americans back by legalizing marijuana nationally, working with Congress to ensure that the safe cultivation, distribution, and possession of recreational marijuana is the law of the land," according to a Harris campaign statement.
"She will also fight to ensure that as the national cannabis industry takes shape, Black men " who have, for years, been over policed for marijuana use " are able to access wealth and jobs in this new market," the campaign said.
Harris' new plan also contains a few lines about digital assets, another area where she appears poised to break ranks with the Biden administration.
According to her campaign, Harris "knows that more than 20% of Black Americans own or have owned cryptocurrency assets, which is why her plans will make sure owners of and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected."
It was not clear Monday what that framework would look like, but a fierce battle over cryptocurrency regulation is well underway in Washington.