Heat olive oil in a large nonstick skillet over medium-high heat. Add minced garlic, onion, and diced bell peppers. Sauté for 3-5 minutes until softened.
Push the vegetables to one side and add the ground beef. Cook for 7-9 minutes until browned, then mix with the vegetables.
Sprinkle in taco seasoning and add tomato sauce, green chiles, and black beans. Stir well and let cook for a few minutes.
Add rice and beef broth, bring to a boil, then reduce heat to low and cover. Simmer for about 20 minutes until rice is tender.
Once cooked, sprinkle shredded cheese on top and let it melt. Serve hot.
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Notes
Store leftovers in an airtight container in the refrigerator for up to 3-4 days.