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Minority business owners are getting shut out from coronavirus relief. Here’s what can help

20 May 2020

VC investor Arlan Hamilton and Gusto COO Lexi Reese detail alternative ways to support businesses owned by women and people of color.

COVID-19 has exposed new depths of economic inequality in America for both employees and small businesses. Today, the unemployment rate is 18% higher for black workers and 33% higher for Latinx workers compared to their white counterparts. Fifty-five percent of the jobs lost in April were held by women, and women’s unemployment rate is 20% higher compared to men. This disparity also extends to businesses. Those owned by underrepresented groups or that serve lower-income areas have been hit the hardest.

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This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company

Covid-19 – Johns Hopkins University

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