The pandemic has been disastrous for the economy as a whole, but the worst effects have been felt disproportionately by Black and Latino communities. As the pandemic drags on, we sit down with Charlotte’s Black and Latino business leaders and analysts to understand what is behind these racial disparities and what solutions might lead us towards a more equitable economy.
The Charlotte-Mecklenburg Black Chamber of Commerce has announced plans to raise $1 million that could be dispersed as micro-loans to local Black-owned businesses around the region.
Black-owned businesses were among the hardest hit during the pandemic, in part because many started with less capital. The board chair of the Charlotte Mecklenburg Black Chamber of Commerce tells WFAE's "Morning Edition" host, Marshall Terry, that those that survived learned the importance of forging relationships with everyone from banks to fellow business owners.