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'Permanent damage': can minority-owned businesses recover from pandemic's toll? | California

Last modified on Wed 26 May 2021 05.47 EDT
At a block party in Bell, California, a predominantly Latino Los Angeles suburb, food trucks, jewelry booths and other eclectic vendors lined the roads and walkways earlier this month.
Multi-generational families brought their
abuelitas and teenage kids, savoring the perceived unwinding of a more than year-long pandemic.
âIt was just an opportunity, just to get out of the house and smile,â said David Favela, CEO of Border X Brewing, the eventâs co-sponsor.
In many ways, the celebration marked a return to form. Favela is all about community and culture, and from
loterÃa to Latin jazz, there was always something happening at his breweries in Bell and San Diego. ....

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What Biden should do to close the venture capital racial gap — Quartz

February 1, 2021
As the first US president since the Civil Rights era to make racial justice a prime concern, Joe Biden has identified racial equity as a top priority of his White House agenda.
Rather than put the quest into a silo, he has instead laid out plans to evaluate every federal policy and project through a racial equity lens. He has connected the equity mission to efforts to raise the minimum wage, boost retirement security for people of color, introduce student loan forgiveness, and implement federal procurement rules that would mandate more spending on minority-owned businesses. By executive order, he directed the Justice Department to stop using private prisons, and directed the Department of Housing and Urban Development to “redress racially discriminatory federal housing policies.” ....

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