cover of episode COVID-19 and Minority Business Owners Fighting For Economic Survival

COVID-19 and Minority Business Owners Fighting For Economic Survival

2020/5/8
logo of podcast Basic Black Podcast

Basic Black Podcast

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The Paycheck Protection Plan or PPP was supposed to be a lifeline for small businesses struggling to survive during the COVID 19 crisis. But 90 percent of small businesses of color were left on the sidelines after the multi-billion-dollar stimulus funding was quickly gobbled up. Now Massachusetts Attorney General Maura Healey is demanding an overhaul of the forgivable loan program. And this week Congresswoman Ayanna Pressley joined Senator Kamala Harris proposing a 124-million-dollar grant program targeted to microbusinesses, and especially small minority businesses. Two local minority business owners joined us in March right after the shelter at home advisory. Tonight, an update on their status, and a question—How can small businesses of color get their fair share in the economic recovery?