But minority-owned businesses have suffered disproportionately in a crisis that’s also killing nonwhite Americans at higher rates and eliminating more of their jobs. But they’re still working to understand and measure the colliding hardships making the future of minority-owned businesses especially precarious. As of April, the country lost nearly 450,000 active African American business owners as the pandemic intensified, he found. The number of working Latino business owners dropped 32 percent from February to April, while the number of Asian business owners decreased by about a quarter. ADADThe significant dips in the number of working business owners are layered on top of other emerging disparities in the pandemic’s economic impact.

Source: Washington Post May 25, 2020 12:01 UTC