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To weather coronavirus, Black and brown-owned businesses show grit and determination
Updated Mar 08, 2021;
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Without a doubt, the data points to the sobering fact that Black and brown-owned businesses have taken a disproportionate hit from the coronavirus.
In the past year, more minority-owned businesses have gone under or drastically reduced their staff and hours. A survey by H&R Block released in February found more than half of Black small businesses owners said their revenue fell by at least 50% (by comparison, 37% of white small business owners responded similarly).
But the narrative is not wholly one of despair and devastation. For some Black and brown business owners, the protracted coronavirus pandemic has forced them to tap the grit and determination that many of them say has been a perennial prerequisite for their demographic to survive in the business world.