If you are a Black business owner then there’s no question that the recent economic downturn has likely been especially hard for you. Worse still, 69% of business owners surveyed by the US Chamber of Commerce and MetLife said that minority business owners faced a tougher road than their white counterparts, which is up from 52% in January. Many not-for-profits – from federally funded Score, Small Business Development Centers and the Minority Business Development Agency to the National Minority Supplier Development Council and the National Black Minority Association – provide free or low-cost counselling, consulting and business classes geared towards minority business owners. The simple fact in 2020 is that it’s much harder to be a Black business owner than if you’re white. Not just for yourself, but for future generations of Black business owners.

Source: The Guardian August 27, 2020 09:56 UTC