Coronavirus Pandemic Hits Minority-Owned Small Businesses Disproportionately Hard

US Chamber of Commerce ^ | Aug 2020

[CondoleezzaProtege]

Minority-owned small businesses have been hit disproportionately hard due to the pandemic and corresponding economic crisis, according to a new special report released today by the U.S. Chamber of Commerce and MetLife. Minority-owned business owners are more likely than non-minority owners to report difficulty obtaining loans, express fears about permanently closing, and predict declining revenues in the coming year.

The poll finds that two in three (66%) minority small businesses are concerned about having to permanently close their business versus 57% for non-minority small businesses. However, the gap has narrowed significantly from May, when 52% of non-minority-owned businesses said they were concerned about closing versus a staggering 78% for minority-owned businesses.

[CondoleezzaProtege]

This is the kind of thing Trump and Pence need to emphasize more as they showcase their winning policies and plans for helping economy move forward.

[CondoleezzaProtege]

Also the “Pandemic” hits minority business hard needs to be replaced by “Shutdowns” hit minority businesses hard. That’s the correct phrasing.

[budj]

So does Antifa and BLM.

We know the cure for those.

[piasa]

Minority businesses have also been hit particularly hard by the rioting and looting of leftwingers.

[AndyJackson]

It’s all Trump’s fault. Because of his incompetence Democratic governors had to lock their state down hard.

[gov_bean_ counter]

So do Antifa riots...

[headstamp 2]

Since when has the Chamber of Amnesty gave a crap about small business.

[PeterPrinciple]

The poll finds that two in three (66%) minority small businesses are concerned about having to permanently close their business versus 57% for non-minority small businesses.

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not much difference.

[silverleaf]

That’s a big “ narrowing “ since MAY in that “ however ...”

How many minority businesses have been hit hardest by the burning rioting and shoplifting mostly nonviolent blm?

[rktman]

Part of the demo/ccp conspiracy against POC. Sooooo obvious.

[cabbieguy]

Gotta love that virus, no fan of BLM.

[southernnorthcarolina]

I am weary of stories identifying Covid as the biggest problem in inner cities. As James Carville might say, "It's the riots, stupid!"

Arson, looting, armed assault, cop killing, all with collateral damage mostly in minority neighborhoods, are infinitely more damaging than the virus epidemic.

[Olog-hai]

Nothing like the Chamber of Communism telling you just who is “hardest hit” . . .

[Yaelle]

The government forcing them to close affects them! Not the virus!

[Mr. Rabbit]

Minorities disproportionately live in urban shitholes run entirely by power-mad democraps that lock everything down for months and months. But there’s no connection is there? It must be whitey’s fault, right? /s

[aimhigh]

Small businesses are more supportive of Republicans. Big business tends to support liberals. That’s one reason small businesses are being targeted.

[MAGAthon]

Shutdowns Hit Minority-Owned Small Businesses Disproportionately Hard