The Energy Department will keep its loan program for minority businesses
What happened
The US Department of Energy is delaying a rule that would have ended a loan program for minority-owned businesses seeking government contracts. This means the program will continue to operate for now, allowing these businesses to still apply for financial assistance.
Why it matters
The Energy Department tried to quietly end a program designed to help minority-owned businesses get federal contracts. But public pushback forced them to pause. This pause means the program stays in place, at least for now, preserving a specific avenue for these businesses to access capital and compete for government work.
The signal
Watch for a new proposed rule from the Energy Department, or a final decision on the existing rule, to see if the program is eventually rescinded or modified.