Good morning,
A full year after the dual shocks of the Covid-19 pandemic and intense civil uprisings hit home, many Black-owned businesses across Minneapolis remain in dire straits.
Nationally, Black-owned businesses had been almost twice as likely to close during the pandemic, according to a Federal Reserve Bank of New York report last year. It's likely worse in Minneapolis, which has been beset by protest-related curfews in the wake of George Floyd's killing and statewide pandemic lockdowns. Many of the city's surviving Black-owned businesses fear closure before the year's end.
That’s why some of Minneapolis's small-business owners have spent the past year working together to lend a hand so as many of their companies can survive as possible. Plenty in the community now also are pushing their city, state, and federal governments for funding and support for Minneapolis's Black entrepreneurs--aware that their location, on the anniversary of Floyd's death, gives them a national platform to potentially reach meaningful change.
Read our story to learn how Minneapolis’s Black-owned small businesses are coming to their own rescue, and why some think this could be “a pivotal moment” for the entrepreneurial ecosystem. |
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