December 15, 2020
In Northern Virginia, like much of the nation, Black-owned businesses are being negatively impacted by the COVID-19 pandemic. One report found 41% of Black-owned businesses have been forced to close due to COVID-19 compared to just 17% of white-owned businesses. All of this while Black-owned businesses face long-term, racial disparities that severely restrict business ownership, growth, and access to investment capital.
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As part of our Build Back – Dream Forward: COVID-19 Response Fund Event Series, the Community Foundation for Northern Virginia, along with the Northern Virginia Black Chamber of Commerce hosted
Business NOT as Usual: We Need More Capital, More Loans, More Equity for Black-Owned Businesses webinar Thursday, December 3, 2020, to examine strategies for advancing a more inclusive economic recovery. Keynote Speaker Andre M. Perry, Fellow at the Brookings Institution's Metropolitan Policy Program shared new analysis on Black business ownership and development goals, including the need for more financial investment.