The pandemic saw a boom in new Black-owned businesses — the largest surge in the last quarter-century

  • 📰 latimes
  • ⏱ Reading Time:
  • 81 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 82%

United States Headlines News

United States Latest News,United States Headlines

Last year there were more new Black-owned businesses proportionate to the total population than at any time in the last quarter-century.

As a child growing up in the rugged Rust Belt city of Rockford, Ill., Michelle Youngblood loved to make sketches of dresses and outfits. After high school she went to design school in Chicago.

“It was the best thing that happened to me,” Youngblood, 44, said of the layoff, “just pushing me, catapulting me into doing something that I love to do versus staying with a job, working and having a comfort level that says, ‘Oh, I’ll be fine, day in and day out because I work and get a deposit every two weeks.’”If ever there were a hint of a silver lining in the pandemic, it may be the thousands of Black entrepreneurs turning adversity into opportunity by starting businesses of their own.

Some 40% of Black-owned firms closed in the immediate aftermath of the outbreak versus 20% of all active U.S. business, according to research by Robert Fairlie, an economics professor at UC Santa Cruz.included businesses that were simply reopening after closing during the early days of the pandemic, according to Fairlie, who coauthored the Kauffman report.

For some, he said, that meant “Let me try something else.” And so they opened up a daycare center or used their cars to get into delivery service, Sands said. LaShone and RaeShawn noticed that no one delivered the popular steamed crabs and decided to create R&L Crab. “That is a perfect crab,” RaeShawn said as she took one out of the pot, folded an upper leg and felt the texture under it.The sisters want to have their own kitchen and envision five locations covering the Washington region. They also plan to open a bar.Last month R&L Crab, established during the pandemic by LaShone and RaeShawn Middleton of Laurel, Md., filled 648 orders for thousands of crabs, plus countless hush puppies, corn and other sides.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please don't romanticize poverty.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Lucille610406 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

strixtly4myngz Because they finally got off their butts during the protests and decided it wasn't so difficult after all.

Kammie_Jenkins we should spotlight this in Shopify context as well! would love to write it up. love to see it.

Well, I DISCOVERED CultureTags in 2020. That counts, right? KevOnStage's KevOnStageApp app is great, too, plus his Patreon! My friend in Boston has theotherboston, great events and shirts! Just gotta look!💫

Black owned

Its all about persistence. I send blessings of long career life over all of you. In hopes that each of you can withstand the fire that each industry entrepreneurship holds.

Thanks Trump

Shoutout to folks being relentless and taking steps forward!!! Great article!!!

It was the backfire of them food deserts and redlining, allowing the most spending consumers in US to thrive in house, sided hustle business became the go to as the we not wear mask folks & spring breakers weren't in our neighborhood so it became a safety and black wall street 2

Daycare costs alone eliminated was enough to save up and start a business for two kids, if anything our wealth grew and even found 2nd/3rd sources of income.

joshuadubois buildwithbia !

Success to everyone! Now, where’s the list so we can support support support!!!!

What comes to mind is that the pandemic assistance was put to good use and was distributed correctly. I think this was the only time race didn’t matter and we were all the same (goes to show how hard it is for people of color to get business loans) I’ll definitely support them

Love this.

WHY POTUS & VP & SenSchumer TeamPelosi

Look real oppressed 🥴

Thank you President Biden for all that you’ve done to help the black community. 🙏 May god keep you and Jill safe for many years to come! Joe 2020-2028 Kamala 2028-2036 AOC 2036-2072

We love to see it! Wishing all of them prosperity 🙏🏿❤

Yassssss. Get that BAG!

And then you find out why the whites are really freaking out.

Isn't it bc biden is prioritizing support for black owned businesses?

Finally doing something right with government cjeese.

Now out of all the pictures y’all got why tf did you use that one

Continued progress and financial opportunities are essential to level the playing field even more. ♥️ mondaythoughts MondayMotivation Finance Entrepreneur BlackOwnedBusiness

Selling crack on the corner is not an entrepreneur

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:

 /  🏆 11. 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.

Retired Black officer, Black Air Force veteran killed in possible hate crime: DAA man allegedly rammed a stolen truck into a house before fatally shooting a retired Black Massachusetts state trooper and a Black Air Force veteran, according to police, in an incident authorities say is being investigated as a hate crime. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Alex_jnns01 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success 'BlUe LiveS mAtTeR!' Racism is everywhere just not the south. What a cowardly way to kill an honorable American.
Source: ABC - 🏆 471. / 51 Read more »

Pandemic silver lining: Black-owned business startups surge to 25-year highIf ever there were a hint of a silver lining in the pandemic, it may be the thousands of Black entrepreneurs turning adversity into opportunity by starting businesses of their own. Loving this Lemonade, that’s sweet
Source: latimes - 🏆 11. / 82 Read more »

‘Run the World’ Is Essential TV By and For Black WomenThe Starz series understands a fundamental truth: that Black women are not new to women’s empowerment.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Kourtney Kardashian Wears Sexy Cut-Out Black Mini Dress in New Instagram PicComplete with more romantic couple moments with Travis Barker. Middle age angst
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

‘Run the World’ Is Essential TV By and For Black WomenThe Starz series understands a fundamental truth: that Black women are not new to women’s empowerment.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Fatal shooting of 2 Black people investigated as hate crime, officials sayAuthorities are investigating a Massachusetts shooting that left 2 Black people dead as a hate crime after investigators found 'some troubling white supremacist rhetoric' in the gunman's handwriting, officials say. Reading the comments tells me why this country will never be more than a third world country with a Gucci belt trying to pretend it is first class. NBC News is trash. Creating divisiveness is unacceptable! More black men are murdered by other black men than by white supremacists. Nothing like that is said here! White Rage!! It is amazing to me that GOP voters are so susceptible to Con Artist-a person who cheats or tricks others by persuading them to believe something that is not true. Why?
Source: NBCNews - 🏆 10. / 86 Read more »