Black entrepreneurs who expanded during COVID now face the challenge of labor shortages, supply chain delays and inflation.
By Tracy Jan, Washington Post The rib joint and whiskey bar that Terri Evans opened in the South Loop of Chicago with her 401(k) savings drew mostly tourists and convention-goers — until the coronavirus pandemic and stay-at-home orders swept the country beginning March 2020. Evans worried about keeping her 12 full-time employees on the payroll. […]
The number of Black small-business owners was 28% higher in the third quarter of 2021 than it was pre-pandemic.
By Sharon Lurye, US News The city of Pittsburgh has historically struggled to lift up Black businesses, having the lowest rate of Black business ownership of any large city in the U.S. But around 2020, things started to change. In a normal year, the local Urban Redevelopment Authority gives out around 30-50 loans. In 2020, […]
