The coronavirus pandemic is hurting black-owned small businesses most - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

The coronavirus pandemic hurt black-owned small businesses more than others — a major think tank found they dropped 41% in April

looked at nationally representative data from April 2020 to estimate how the coronavirus pandemic has impacted small businesses in the US.

The report found that the number of active business owners dropped 20% from February 2020 to April 2020, the largest drop on record. From February to April, black business owners saw a 41% drop, immigrant business owners saw a 36% drop, Asian business owners a 26% drop, female business owners 25%, and white business owners 17%.The report also found that in February, 13.6 million business owners were working over 15 hours a week. In April, only 9.8 million business owners were.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »

‘I’m not going anywhere.’ Looters nearly destroyed her business, but that’s just the latest challenge for this black entrepreneurBetween 35% and 40% of black-owned businesses will ultimately fold between the pandemic, the lack of federal stimulus money and fallout from the looting, according to one estimate from the U.S. Black Chambers, Inc. 😔 But but but rioting is the voice of the unheard!
Source: MarketWatch - 🏆 3. / 97 Read more »

WHO updates face masks recommendations amid the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Nobody cares what public health “experts” say anymore. They’re all just a bunch of leftist assholes that are actively working to destroy America. WHO has not even a single shred of credibility 😂😂😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus Outbreak Pushes Rural Mississippi Hospital to BrinkThe coronavirus pandemic is challenging Mississippi’s rural health-care system as outbreaks worsen in far-flung areas at the same time state officials allow all businesses to reopen. maggieNYT Denial has its price. COVID19 Nope. “Peaceful protests” maggieNYT Insanity
Source: WSJ - 🏆 98. / 63 Read more »