New York Fed: Black-Owned Business Hard Hit by Pandemic

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Black owned businesses. A new study from New York Federal Reserve banks as black owned businesses are twice as likely to fail as the virus crisis continues. The biggest reason. Many black owned businesses are heavily concentrated in cities that have been hardest hit by the pandemic. As a result, scores of black barbershops in salons, restaurants and specialty boutiques have been forced to close for good. Maria Garcia, a CBS News New York Following a primary victory last night. Dearborn Congresswoman

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