Biden countered with a litany of proposals to steer federal money and tax credits to small business and economic development programs for minority-owned firms and disadvantaged neighbourhoods.
Biden also said he'd encourage home ownership to help close wealth gaps among minority communities and push the nation's banking system, including the Federal Reserve, to more directly address economic inequality.
Many of his proposals and the billions in federal spending needed to pay for it had already been promised as part of previous, larger Biden plans to jump-start the economy when the coronavirus outbreak begins to recede. But as protests against institutional racism and police brutality have swept the country in recent months, the presumptive Democratic presidential nominee is attempting to show voters that he's committed to implementing specific remedies that can promote racial and economic equality should he win the White House in November.
Biden's speech and his subsequent question-and-answer session with reporters just his third extended news conference in four months come as he nears a decision on a running mate. Biden came prepared to talk about at least one of the top contenders: California Senator Kamala Harris.
An Associated Press photographer captured Biden's handwritten notes with talking points on several issues. Topping the list was Harris.
A recent Politico story alleged that Biden's longtime friend and vetting committee leader Chris Dodd, a former Democratic senator like Biden, had raised concerns about Harris going after Biden last summer on the debate stage and showing "no remorse" in conversations with Biden's campaign.
On Biden's notepad, he'd written below Harris' name: "Do not hold grudges" and "Great respect for her." Biden did not field a question specifically about Harris. But he has praised her extensively, and he's confirmed in recent weeks that his short list for vice president includes several women of colour.
His decision is expected to have unusual importance given his age, 77, and the fact that he's a white man leading a diverse party.
Recent polls have shown Biden leading Trump nationally and in many competitive states that determine the Electoral College outcome. But Biden's aides are keenly aware that Hillary Clinton lost key battleground states four years ago in part because of a drop in turnout among nonwhite voters from what President Barack Obama drew in 2012.
As part of his attacks on Trump's approach to race, Biden blasted the president for ordering federal authorities to intervene against protesters in places like Portland, Oregon, and Chicago, while small businesses around the country continue to struggle or shut down because of the coronavirus.
The president, Biden said, is trying to distract and scare voters. Biden said most demonstrators are "peaceful protesters" who don't require a response from the federal government. "Arsonists and anarchists should be prosecuted," Biden said, and "local law enforcement can do that."
Still, Biden said, "This election is not just about voting against Donald Trump. It's about rising to this moment of crisis, understanding people's struggle and building a future worthy of their courage and ambition to overcome." And he said that means thinking about every policy debate in terms of structural inequalities.