UC Berkeley News: Minority-Owned Businesses Need Inclusive Policies, Especially During Coronavirus

Berkeley CA

31 January, 2022

4:23 AM

Description

Press release from UC Berkeley News: January 28, 2022 Race-conscious policy that provides financial and commercial rent relief, and improved employee benefits and federal data collection mandates for financial institutions, could help prevent the disproportionate economic impact that COVID-19 has had on minority-owned businesses. That's according to a new report produced by UC Berkeley's Urban Displacement Project (UDP) that showed during the pandemic, historic and systemic inequities — such as racial profiling and violence — have hobbled minority-owned businesses' ability to access PPP (Paycheck Protection Program) loans, pay overdue rents, and provide sufficient benefits to employees. This press release was produced by UC Berkeley News. The views expressed here are the author's own.