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The U.S. Small Business Administration has announced a landmark collaboration with historically Black fraternities and sororities with the aim of addressing the wealth gap through Black entrepreneurship. It is the first collaboration of its kind and will focus on improving financial literacy, outreach and capital access opportunities across historically underserved communities. The announcement was made ahead of Juneteenth, the federal holiday on June 19th that commemorates the Emancipation Proclamation issued by President Lincoln to free enslaved African Americans in secessionist states in 1863.

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