President Biden announces $1.3 billion investment into HBCUs during Philadelphia visit

By Eva Andersen

President Biden announcedĀ an additional $1.3 billion investmentĀ 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 ā€” the most any administration has ever, ever, ever, ever committed,” Mr. Biden said.

Mr. Biden also introducedĀ new federal grants for eight HBCUs to diversify the STEM and education workforceĀ while praising other initiatives. He also mentioned his executive order reestablishing the White House Initiative on HBCUs.

Dietra Trent, the director of that initiative, underscored the administration’s unprecedented support.

“We have never had this kind of investment before,” she said.

HBCU alumni in attendance, likeĀ Antoine Mapp, were enthusiastic about the news.