Booker unveils $100B plan to invest in historically black colleges

Booker unveils $100B plan to invest in historically black colleges
© Greg Nash

Sen. Cory BookerCory BookerCongressional Black Caucus unveils '100 Day Plan' Menendez reintroduces corporate diversity bill Democrats want businesses to help get LGBT bill across finish line MORE (D-N.J.) on Tuesday unveiled a $100 billion plan to invest in historically black colleges and universities (HBCUs) and other minority-serving institutions, marking the largest amount a 2020 Democratic presidential candidate has pledged toward the funding effort.

His proposal calls for more collaboration between HBCUs and federal agencies and would commit an additional $30 billion for Education Department grants.

Booker's plan wold involve the schools in combating climate change by requiring that 10 percent of proposed "Climate Moonshot Hubs," which in total cost $400 billion, be located on HBCU campuses.


His proposal also would commit another $30 billion to upgrading infrastructure on campuses.

“I am here today because of the power of these institutions to uplift and bring about opportunity to Black Americans," Booker, whose parents both attended HBCUs, said in a statement. "As president, I will redouble our efforts to support and invest in HBCUs across the country — my mother and father wouldn’t have it any other way.”

Booker is the latest White House hopeful to roll out a plan that invests in HBCUs and minority-serving institutions. Sen. Bernie SandersBernie SandersKlain says Harris would not overrule parliamentarian on minimum wage increase Romney-Cotton, a Cancun cabbie and the minimum wage debate On The Money: Senate panels postpone Tanden meetings in negative sign | Biden signs supply chain order after 'positive' meeting with lawmakers MORE (I-Vt.) previously unveiled his $10 billion plan at a campaign rally at Morehouse College.

Sen. Elizabeth WarrenElizabeth WarrenBecerra says he wants to 'build on' ObamaCare when pressed on Medicare for All Yellen deputy Adeyemo on track for quick confirmation Menendez reintroduces corporate diversity bill MORE (D-Mass.) has proposed investing $50 billion in HBCUs, while Sen. Kamala HarrisKamala HarrisEmhoff reflects on interracial marriage case: Without this 'I would not be married to Kamala Harris' WHO: Coronavirus deaths down 20 percent worldwide last week Collins: Biden's .9T coronavirus package won't get any Senate GOP votes MORE (D-Calif.), who graduated from Howard University, unveiled a $60 billion plan.

Booker's proposal comes as he tries to break out of the middle tier of 2020 candidates.

The New Jersey Democrat made an appeal for campaign donations Sunday on CBS's "Face the Nation."

"If you want me in this race if you want my voice and message — which is resonating — then I need help," Booker said.