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June 30, 2021
The Community Foundation for Northern Virginia, in partnership with the newly formed Northern Virginia Minority-Owned Businesses Working Group, recently released a new report Supporting Northern Virginia s minority-owned businesses that examines the impact of the COVID-19 pandemic on the region s estimated 128,000 minority-owned businesses. The report finds the pandemic has had a complex effect on the region s local economy and on the wellbeing of its minority-owned businesses. Overall, area businesses saw both lost revenue (as measured by taxable sales) and reduced staff (as measured by workforce size and initial unemployment claims).
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