DOE Cancels Loans for Minority Firms Chasing Contracts
Published Date: 5/16/2025
Rule
Summary
The government is canceling rules that gave loans to minority-owned businesses trying to get contracts or help from the Department of Energy. This change means those loan programs won’t be available anymore, so affected businesses should look for other support options. The update takes effect soon and could change how minority businesses get funding for DOE projects.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
DOE minority-loan rule rescinded
The Department of Energy canceled the regulation that set rules for awarding and managing loans to minority business enterprises seeking DOE contracts or assistance. That loan program will no longer be available, so affected minority-owned businesses should look for other funding or support options. The change takes effect soon.
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