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Vice President Kamala Harris announces formation of EOC to create opportunities for underserved communities

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Vice President Kamala Harris has announced the Formation of the Economic Opportunity Coalition (EOC).

While making the announcement in Brooklyn, New York on Thursday July 28, 2022, Harris stated that new investments from over 20 organizations, and actions from the federal government, will create opportunities in communities that have been left behind.

According to Harris, through the formation of the Economic Opportunity Coalition (EOC), 24 companies and foundations will invest tens of billions of dollars in underserved communities, and the Biden-Harris Administration will launch new policy initiatives to support Community Development Financial Institutions Funds (CDFIs), small businesses, and community infrastructure in underserved communities.

“The Biden-Harris Administration and the EOC will work together to ensure current and future commitments are equitably invested in underserved communities, thereby strengthening our overall economy,” she said.

She added, “When the private and public sector join forces, our entire nation benefits.”

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