Open AccessEconomic Stimulus Programs Due to Covid-19: Perceptions, Participation and Progress for Black-Owned Small Businesses
Author(s) -
Sally Sledge
Publication year - 2021
Publication title -
international journal of business and applied social science
Language(s) - English
Resource type - Journals
ISSN - 2469-6501
DOI - 10.33642/ijbass.v7n7p6
Subject(s) - covid-19 , pandemic , business , economic recovery , stimulus (psychology) , perception , small business , economic impact analysis , economic growth , marketing , economics , psychology , medicine , disease , pathology , neuroscience , infectious disease (medical specialty) , keynesian economics , psychotherapist , microeconomics
The COVID-19 virus has impacted every economic segment and demographic in the world in 2020. Especially hard hit has been small businesses, which often are working day to day to cover costs and remain profitable. In the United States, minority-owned businesses have been more severely impacted than other businesses and in particular, Black-owned businesses have experienced more negative impacts due to the pandemic when compared to their counterparts. This paper will highlight some of the issues and challenges faced by Black small businesses in response to a survey regarding the pandemic. Suggestions and recommendations will be given to assist these firms in recovery and growth.