Brand new data reveals smaller businesses inside organizations out-of colour had irregular entry to government COVID-19 relief

Movie director out of Used Browse – Brookings Metro

Congress’s significant COVID-19 recovery system getting small businesses, new Salary Coverage System (PPP), has so far distributed 5 mil funds nationwide. One to shipping, not, wasn’t equal. Freshly released analysis now offers an intensive snapshot off how access to PPP loans ranged most centered on people class, which have small enterprises in the most-white areas receiving PPP fund more quickly than just small enterprises for the majority-Black colored and you may bulk-Latino or Latina neighborhoods.

An effective ‘Herculean’ reaction which have a painful delivery

The fresh new picture for the COVID-19-induced small company drama might have been troubling however, simple. Continue Reading