Black Businesses Matter, But Will They Get Fair Share Of COVID-19 Aid Money?

“African Americans never really recovered from the housing crash and economic meltdown and that reality is going to be a very important factor for Black people, especially since the U.S. may be going into some form of depression,” said Bill Fletcher Jr., former president of TransAfrica Forum and a senior scholar with the Institute for Policy Studies. “I saw a report last week that shows the Washington metropolitan area could lose 35 percent of small businesses. Add a layer of race onto that—lower savings rates and profit margins and most...