Black Businesses Getting Left Behind by Virus Relief

Soci al distancing is not new to black communities. “Social distancing” in the form of anti-black segregation and discrimination was U.S. law throughout the 19th and 20th centuries. This created racial wealth disparities that have lingered, negatively impacting black people’s capacity to start and maintain businesses. The remnants of federally backed redlining practices, which financially isolated black people throughout the 20th century, throttled the amount of wealth black people could create from homeownership. Most entrepreneurs start businesses with the equity they’ve accrued in their homes. Consequently, black people, who’ve been over-burdened by American economic policies, require a different kind of stimulus in this coronavirus scourge era. Read Full Article »