Black Owned Businesses Suffering at Alarming Rate Compared to White Owned Business

The disparities between white and Black America has been magnified by the coronavirus pandemic. Black owned businesses have been closing at a significantly higher rate. Black owned business declined by 41% from February to April 2020, compared to 17% of white owned businesses.

Connor Maxwell of the Center for American Progress says while President Trump touts himself as pro-business, he has not been pro Black business. The Trump Administration has had a poor track record with Black owned businesses, with a paltry 3% receiving federal aid while 95% of Black-owned businesses were shut out of PPP loans from the government.

Click ▶ to listen to AURN Washington Bureau Chief April Ryan’s White House Report:

The post Black Owned Businesses Suffering at Alarming Rate Compared to White Owned Business appeared first on American Urban Radio Networks.

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