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  • Black-owned businesses more likely to shut down for good after pandemic, research shows

    06/15/2020 5:47:27 AM PDT · by Oldeconomybuyer · 19 replies
    CBS News Local ^ | June 15, 2020
    KANSAS CITY, MO -- New research shows black-owned businesses are more likely to shut down for good after the pandemic. The disproportionate number of black-owned businesses closing will lead to a disproportionate number of black people unemployed. That’s because we know people hire people who look like them. Experts say this is a product of systemic racism. Black-owned businesses have less access to capital and are more likely to be denied business loans. To fix these problems advocates say there should be policy changes to address the inequities. But, a survey from April found that more than 60% of black...