Economic Mobility of Black and Hispanic Families
Small Businesses (SB) create 1.5M jobs per year, and COVID-19 is having a negative impact on most of them. Under COVID-19, 35% of SB closed doors. For Black and Hispanic entrepreneurs, the prospects are more negative as 41% of Black-owned SB are closing in the same period. These two groups are also disproportionately affected by rising unemployment. This challenge proposes pilots in WA, MD, OK.