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:
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