Wednesday 30 September 2020
Home      All news      Contact us      RSS     
afkinsider - 2 month ago

New York Fed: Black Businesses Are Closing Down Twice As Fast As White Businesses

Black barbershops, hair salons, boutiques and restaurants have had to close for good after going months without customers or income. Already in a weakened financial position entering the economic crisis, Black-owned businesses are twice as likely to fail as businesses overall during the pandemic, according to a study by the Federal Reserve Bank of New [ ] The post New York Fed: Black Businesses Are Closing Down Twice As Fast As White Businesses appeared first on Moguldom.


Latest News
Hashtags:   

Black

 | 

Businesses

 | 

Closing

 | 

Twice

 | 

White

 | 

Businesses

 | 

Sources