"This has been such a difficult year for small businesses across San Francisco, and sadly, Black-owned businesses across the country have been especially hard hit and many have had to close their doors for good," Breed said in a statement. "Small businesses are going to be such a critical part of our city's recovery. As we look to the future of San Francisco, it's critical that our city programs keep focusing on equity and serving those communities that have been historically disadvantaged."
Breed added, she hopes the fund can "give businesses the resources that can help them survive this pandemic and come back even stronger."