Final Call News
Black business owners remain upbeat as they regroup after the Covid-19 pandemic. Many have seen team has seen a drop in business but they’re identifying creative ways to weather the crisis. Photo: unsplash.com
The U.S. Black Chamber of Commerce is optimistic about the forecast for Black businesses in 2021 after a dismal 2020 that saw nearly half of Black businesses closed due to the Covid-19 pandemic, according to a report by the New York Fed.
“What we know is that since 1950, we have not seen any change in the wealth gap between White and Black families around this country,” said Ron Busby, president and CEO of U.S. Black Chambers, Inc. (USBC) at the Chamber’s Virtual Inauguration Celebration held recently. “America is now more concerned and focused on issues of racial justice than ever before and it is imperative that we meet the opportunity prepared,” he said.