Vice President Kamala Harris visited Durham on Friday to announce the Biden-Harris administration’s plan to invest $92 million in early stage startups in North Carolina. The visit was part of the administration’s Investing in America tour.
Harris said the Biden-Harris administration has been intentional about the work it is doing to invest in communities.
Harris said $32 million in federal funds will go towards 10 North Carolina venture capital firms under the Treasury Department’s State Small Business Credit Initiative. This includes RevTech Labs, a majority female and Latina-owned entrepreneurship center; LaVert Ventures, a woman-owned AgTech fund; and Nex Cubed, which houses a historically Black colleges and universities founders fund for HBCU…
