That is until a community push to support Black businesses turned the tides on what could have been the final blow to her family’s dream. LEARN MOREIn 2020, research from the University of Santa Cruz found that 41% of Black-owned businesses closed during the pandemic, compared to 17% of White-owned businesses. The data showed that the number of Black business owners was 28% more in the third quarter of 2021 than it was pre-pandemic. "Ninety-six percent of Black-owned businesses are single-member LLCs and self-proprietorships. Johnson says many of these problems Black-owned businesses faced before the pandemic are present, like a lack of employees and collateral.

Source: Ethiopian News February 25, 2023 00:12 UTC