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8 Black and Indigenous Businesses to Support This Holiday Season Photo by Louise Beaumont/Getty Images Businesses owned by people of color are particularly vulnerable to the economic impacts of COVID-19. So this year, consider ditching the big corporations and opt for patronizing these small businesses instead. Dec 11, 2020 It’s that time of year again although holiday shopping this year looks different from holidays past. The novel coronavirus has severely affected the U.S. economy, causing an economic recession and costing millions of Americans their jobs. The economic downturn has also hit small businesses. One study from the University of California Santa Cruz found that nearly 317,000 small businesses closed between February and September, or about 1,500 each day. Meanwhile, Amazon has doubled its net profit. ....