Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
To that. There is an item that is on for later on the agenda, related to missiontomission bay project and it really speaks to a lot of what you are raising supervisor fewer and i share those concerns. Well do a Racial Equity analysis and kickoff a Community Realm planning process that will be completed over the next year to two years and its really looking into a lot of things that you are raising and obviously the original plan here was done long before i was supervisor and this is a more minor weak to it but its something that we share those concerns and want to make sure were looking very closely at them and i appreciate you raising them. Supervisor yee i dont see anybody else on the roster. Madam clerk, are there any lets open up for Public Comment. Thank you mr. President. The board of supervisors will now hear public testimony remotely and regarding the redevelopment plan amendment for Mission Bay South blocks 2932. If you call in earlier, and you can now press star 3 and you wil
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
From you that we need to take steps to lessen the damage of the supreme courts hatch act so im pleased to announce my colleagues in Indian Affairs have issued a final rule to do just that. They issued it yesterday and that will help with Greater Transparency to make sure that lands will be taken into trust for housing schools and businesses that we want to continue to work with you to ask things like that. Next the Land Buyback Program and the historic cobell. We want to implement that in a smart and flexible way. We have been listening to you. You want predictability and transparency on the timing and implementation efforts and we announce we are expanding the implementimplement ation strategy so more tribes can participate. We know there is time sensitivity to this and we want to work with you to get that fully implemented because we no cobell is really important to write some of the wrongs of the past. The third is Indian Education. You know we have a generational transformation goi
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