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Black-owned small businesses hit harder by pandemic than White-owned firms By Khristopher J. Brooks Pandemic s cataclysmic impact on small businesses As the coronavirus continues to batter U.S. small businesses, new data from tax-prep service H&R Block suggests Black-owned firms are taking the biggest hit. An H&R Block survey of almost 3,000 small businesses found that 53% of Black business owners saw their revenue drop by half, compared to 37% of White owners, since the pandemic started. Black business owners also had more trouble establishing an online presence for their company and were more likely to have customers submit late payments, the survey said. 

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