[Black Businesses]
Politico: “One widely cited economic analysis showed that Black-owned businesses were slammed the most by Covid-19, with the number of owners plunging by 41 percent from February to April.”
Photo: YouTube
Paycheck Protection Program
Black Businesses Suffering the Most From COVID-19 Crisis
[Black Business\COVID-19]
Times: More than 40 percent of Black business owners reported they weren’t working in April, when businesses were feeling the worst of the pandemic’s economic consequences. Only 17 percent of white small business owners said the same.
Photo: YouTube
ONEUNITED BANK, LARGEST BLACK OWNED BANK, LAUNCHES SBA PAYCHECK PROTECTION PROGRAM
[ONEUNITED BANK\SBA PAYCHECK PROTECTION PROGRAM]
OneUnited has unique access to $30 billion of stimulus funding that was allocated to Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) as part of the second round of PPP.
Photo: OneUnited Bank
COVID-19 PPP SMALL BUSINESS LOANS TO U.S. TERRITORIES INEQUITABLE SAY LAWMAKERS
[COVID-19\PPP Loans]
Velázquez: “Small businesses in the five territories are facing the same dire conditions as those in the fifty states.”
Photo: YouTube
REPORT: HOTELS REQUIRE MORE PPP LOAN FUNDING TO SAVE JOBS
[COVID-19\Small Business Hotels]
New report shows without increased loan limits in the Paycheck Protection Program (PPP), small business hotels won’t be able to keep doors open and rehire employees.
Photo: AHLA
WATERS: I SUPPORT LATEST COVID-19 RELIEF PACKAGE, BUT MORE MUST BE DONE
[H.R. 266 PPP Act]
The H.R. 266, the Paycheck Protection Program and Health Care Enhancement Act, by a vote of 388-5-1.
Photo: YouTube
NEW COVID-19 STIMULUS MUST INCLUDE AID FOR IMMIGRANT ESSENTIAL WORKERS
[COVID-19\ CARES Stimulus Package]
Angelica Salas: “This country must protect every worker, including immigrants…At 15-19 percent of the country’s population, their suffering will affect all of us.”
Photo: YouTube
NATIONAL URBAN LEAGUE FIGHTS FOR BLACK AMERICA AMID CORONAVIRUS PANDEMIC
[Urban League\COVID-19]
Morial: “More than 30,000 Americans have died of COVID-19, and African Americans are more likely to die than any other group…That’s why that Urban League Movement’s role as economic first responders is more important than ever before.”
Photo: National Urban League
COMMUNITY FINANCIAL INSTITUTIONS INVOLVEMENT IN SMALL BUSINESS COVID-19 RELIEF FUNDING IS CRITICAL
[SBA COVID-19 Relief Loan Funding]
Velazquez: “To expand opportunities for women-, minority-, and veteran-owned businesses, we must increase the role of mission-based lenders, those who are deeply embedded in their communities, such as community banks, community development financial institutions, and SBA microloan intermediaries.”
Photo: YouTube
