Facebook promotes online platform to support Black, Latinx, Hispanic businesses struggling in the pandemic

Facebook promotes online platform to support Black, Latinx, Hispanic businesses struggling in the pandemic
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>> BACK TO THE OUTBREAK. EXPECTED SMALL BUSINESSES ALL OVER THE WORLD BUT NOT EQUALLY. TONI: A NEW REPORT SHOWS MINORITY OWNED BUSINESSES HAVE BEEN IS PROPORTIONALLY AFFECTED WITH HIGHER CLOSURE RATES AND LOST SALES. TY: HERE TO BREAK THIS DOWN IS THE PROGRAM DIRECTOR FOR FACEBOOK ELEVATED. WHAT IS THE STATE OF SMALL BUSINESSES RIGHT NOW? >> 80’S REALLY TOUGH FOR THEM AND ROUGH AS WELL. OUR REPORT INDICATED THEY ARE JUST PROFESSIONALLY AFFECTED. THEY HAVE HARDER TIME COVERING RENT, THEY ARE LOSING EMPLOYEES. FOR MANY IT FEELS LIKE THEY ARE LIVING IN A PANDEMIC WITHIN A PANDEMIC. 70% OF THEM REPORTED THEY’VE SEEN A DROP IN SALES AS YOU MENTIONED AND ALSO 36% HAVE HAD TO CLOSE UP SHOP. IN COMPARISON TO 22% THAT ARE NONMINORITY BUSINESSES. NEEDLESS TO SAY THE FINANCIAL AND…



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