COVID-19 has disproportionately impacted the health of black Americans. But experts say the pandemic has also exacerbated existing economic disparities and raised fresh concerns about the survival of black businesses.
Detroit — Stephanie Byrd agonized over temporarily laying off nearly the entire staff at her family’s trio of Detroit businesses when the coronavirus pandemic hit.She’s worried other black-owned businesses will struggle to withstand another wave of economic uncertainty, following decades of inequity that made it hard for many to flourish in the first place.
“Structural racism has created an environment where black businesses are starved for capital,” said Marc Morial, president and CEO of the National Urban League, a civil rights and urban advocacy organization. Jamon Jordan, a black historian based in Detroit, said the pandemic could have a similar crushing impact on black American businesses.
“This is just a new public health crisis and economic crisis that is coming after so many decades and centuries of structural inequality,” said Ashley Harrington, the center’s federal advocacy director and senior counsel. “Black-owned businesses, we’ve always landed at the bottom of the totem pole as it relates to resources,” Cole said. “We put our blood, sweat and tears into these businesses and everything you’ve worked hard for can be lost in a matter of days.”
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