The U.S. Department of Agriculture is investing $1.92 million to establish an Agricultural Business Innovation Center at North Carolina Agricultural and Technical State University in Greensboro, North Carolina. The stated goals include assisting agribusiness startups, providing workforce development, and outreach services and activities that include training and workshops.
According to the USDA, the Biden-Harris administration is committed to supporting underserved communities. The department believes that this project will expand the capacity of our nation’s HBCUs to advance multidisciplinary teaching and economic development. While the median household income for all Black Americans is a little over $45,000, the median income for farmers is nearly 25% higher and more than $57,000. The median net worth for farmers is 43 times that of Black households.
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