WILL ETHNIC SMALL BUSINESSES CATCH THE BOOM–OR BE LEFT BEHIND?
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The U.S. economy is greatly bolstered by 32 million small businesses, who contribute almost half of the nation’s annual GDP, and create 1.5 million jobs per year. The U.S. is home to more than four million minority-owned companies in the United States, with annual sales totaling close to $700 billion. As the Covid-19 pandemic hit, many small enterprises had to rapidly reshuffle their business models. 200,000 businesses permanently shut down. Speakers will discuss how mom-and-pop Main Street America can emerge from this crisis. Will small businesses catch the wave of the expected economic boom, or continue to tread water to stay afloat?
Ethnic Media Services hosted this online briefing on May 28th, 2021.
