Black-owned hit harder by COVID-19

      Black-owned businesses have been disproportionately affected by the pandemic, according to a report from House Small Business Committee Chair Nydia Velazquez, D-NY. Read the report at https://bit.ly/2Ott06d.

      Black owners face historic barriers including lack of capital and mentors, but also these COVID-19-related challenges:

• Being clustered in industries hit hardest by mandatory closures and social distancing;
• Being located in urban areas with more COVID cases; and
• Receiving fewer federal loans.

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Black-owned hit harder by COVID-19

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Coronavirus Update