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Albuquerque to launch plan to invest in Black businesses

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ALBUQUERQUE, N.M. (AP) — The mayor of Albuquerque plans to release details this month of a plan to invest $1 million in the city’s Black community.

The Albuquerque Journal reported Monday that Mayor Tim Keller will elaborate on the investment program during the city’s Juneteenth Festival. It’s been a year since Keller first proposed funding for Black-owned businesses in response to the racial reckoning sparked by the killing of George Floyd in May 2020.

The proposal was approved by the Albuquerque City Council after lengthy talks about how the money would be allocated. A city spokeswoman, told the newspaper the city has been working closely with the Black business community and other partners on a plan.