Photo Courtesy Gage Skidmore / Flickr
Photo Courtesy Gage Skidmore / Flickr

People of color only own 18% of businesses with paid employees, despite making up about 40% of the U.S. population, according to the Census Bureau.

Sen. Elizabeth Warren, to nobody’s surprise, has a plan to fix that.

If elected President, the Massachusetts Democrat says she would invest $7 billion in funding to provide grants for non-wealthy entrepreneurs, according to her Medium post published Friday morning.

Grants would be limited to entrepreneurs with less than $100,000 in household wealth, Warren writes, citing that the figure is roughly five times the median worth of black and Latino families, and more than 10 times the median net worth of Native American families.

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