In the last week, the economic woes stemming from the coronavirus pandemic were further exacerbated when a number of small businesses throughout the nation sustained damages due to the nationwide protests fueled by the death of George Floyd. While some of the demonstrations were peaceful, others turned
In the last week, the economic woes stemming from the coronavirus pandemic were further exacerbated when a number of small businesses throughout the nation sustained damages due to the nationwide protests fueled by the death of George Floyd.
In general, minority-owned businesses have faced additional challenges, beginning with securing bank loans and capital. A 2016 study by the Stanford Institute for Economic Policy Research determined that startups by people of color report, on average, substantially higher levels of loan denials than their white counterparts.
From all accounts, the economic impact of the coronavirus on small businesses has been substantial, with many generating little or no income because of stay-at-home orders. Throughout the pandemic, she worked alone, because her employees were fearful of getting sick. According to Barounis, approximately 50 teenagers, carrying baseball bats and sledgehammers, looted and damaged the property. She has been told by investigators that they were likely from out of state.
The anguish and pain is also evident in the voice of Jeff Zeitler, who with wife Gita, owns Urban Forage Winery & Cider House, in Minneapolis, Minnesota.
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