On Anniversary of George Floyd's Killing, Black Businesses Still Left Behind | Opinion

Quick Summary

The three-year anniversary of George Floyd's death is a reminder that we must do more to support Black entrepreneurs and create pathways for generational wealth in Black communities.

When approaching large banks for business loans in 2018, 31 percent of Black applicants were asked for W2 forms and 12 percent for their accounts receivable while white applicants were never asked for the equivalent.

Small Business Administration Section 8(a) program can also provide the resources and support underfunded Black businesses need to succeed.

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News Analysis

Category: Nation Politics

Topics: Businesses George Floyd Banking Black Lives Matter Capital Race

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: newsweek.com

Readership Location: United States

Published Date: 2023-05-25, 07:25:01

News Timezone: GMT -5:00

Language: English

Original Article Length: 950 words

Reading Duration: 6 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1407430

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About Publisher

Name: Newsweek

Main Topics: NationPolitics

Official Website: newsweek.com

Last Update: 12h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #93

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