The Energy Department will no longer offer special loans to minority-owned businesses
What happened
The US Energy Department has removed a rule that set up a loan program specifically for minority-owned businesses. This means these businesses will no longer have a dedicated path to secure loans for contracts or assistance from the department.
Why it matters
For decades, the US government has used specific programs to help minority-owned businesses get access to capital and contracts. These programs aimed to correct historical disadvantages. Removing this rule means one less dedicated channel for these businesses to secure funding for energy-related work.
The signal
Watch whether the Energy Department introduces new, broader programs that include minority businesses, or if this type of support simply disappears.