Minority-Owned Businesses at Risk

McKinsey on the disproportionate impact of COVID-19 crisis.

The COVID-19 crisis will disproportionately affect minority-owned small businesses, according to a new study by McKinsey & Company, which notes that many of these businesses were in financially precarious positions even before COVID-19 lockdowns, and minority-owned small businesses often are in industries more susceptible to disruption. Ensuring that these businesses survive in the current circumstances will require fundamental shifts in how private-, public-, and social-sector organization...

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