COVID-19’s effect on minority-owned small businesses

Whether by necessity or ingenuity, minority-owned small businesses may be giving us an early sign of how US businesses will adapt in the wake of COVID-19. These businesses are experimenting with new ways of working to ensure their employees’ safety, offering monetary relief to employees and community members, and introducing new services such as free delivery to those who need it.

According to our recent poll of more than 1,000 small businesses nationwide, 1 more than 40 percent of minority-owned small businesses have added new services to support their communities and employees, compared with 27 percent of all respondents.

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