Capitalism works best when businesses innovate and create jobs.
This was not the case when the COVID-19 pandemic struck in 2020. While all small businesses (companies with fewer than 500 employees) were affected, it flattened Black businesses like a tornado, impacting them far more than other companies.
From a public policy perspective, two questions come to mind: Why were Black businesses impacted more than other businesses? What can be done to strengthen Black businesses?
The answers are essential because Black businesses play a vital role in their communities.
UConn Emphasizes Economic Inclusion in Mission of Ensuring Diversity and Equity
Supplier diversity is critical to UConn and the state of Connecticut and UConn has a demonstrated commitment to economic inclusion in contracting for goods and services.
UConn has a demonstrated commitment to economic inclusion in contracting for goods and services that has made it a model for other institutions. (UConn Photo/Tom Rettig) Copy Link
To measure an institution’s commitment to diversity and equity, it’s not enough to boast about student enrollment figures, employee hiring statistics, and academic curricula that demonstrate inclusion of underrepresented populations.
And while UConn excels in each of those measures, it also has a demonstrated commitment to economic inclusion in contracting for goods and services that has made it a model for other institutions.