President Biden announces $1.3 billion investment into HBCUs during Philadelphia visit
Source: CBS News
September 16, 2024 / 6:16 PM EDT
PHILADELPHIA (CBS) -- President Biden announced an additional $1.3 billion investment in Historically Black Colleges and Universities (HBCUs) during his speech at the 2024 HBCU Week Conference in Philadelphia.
Hundreds of attendees cheered as Mr. Biden took the stage at the Pennsylvania Convention Center, where he highlighted his administration's efforts to support HBCUs. "In just four years, working with HBCU leaders, we're making the most significant investment in Black America ever in American history," Mr. Biden said.
The announcement came shortly after the White House revealed the new funding, adding to the $16 billion already committed since 2021. "HBCUs have received $17 billion — the most any administration has ever, ever, ever, ever committed," Mr. Biden said.
Mr. Biden also introduced new federal grants for eight HBCUs to diversify the STEM and education workforce while praising other initiatives. He also mentioned his executive order reestablishing the White House Initiative on HBCUs.
Read more: https://www.cbsnews.com/philadelphia/news/biden-in-philadelphia-hbcu-investment/
Link to White House FACT SHEET - FACT SHEET: Biden-Harris Administration Announces $1.3 Billion in Additional Funding and a Record of Over $17 Billion in Total Support for Historically Black Colleges and Universities (HBCUs)