Are Black Businesses Ready For Another Recession?

Black businesses were slammed by the pandemic-induced recession of 2020.

Although they bounced back fairly strongly in 2021–according to research by Robert Fairlie, a professor at University of California, Santa Cruz–many Black businesses still have some of the vulnerabilities that existed before, such as low cash reserves and difficulty accessing credit relative to other groups.

These vulnerabilities will likely still exist in the event of another downturn, the odds of which are growing.

“If we do slip into a recession I predict that it will be bad for Black-owned businesses,” Fairlie tells Forbes. He added that many

→ Continue reading at Forbes - Startups

More from author

Related posts


Latest posts

Why the Supreme Court news site SCOTUSblog says it has a 'public service' role

Where will you be at 10am ET on Thursday? Like tens of thousands of other people, I will be scanning the SCOTUSblog live blog...

Stanford University preparing for days without power following Edgewood Fire

A power outage at Stanford University that occurred when a nearby fire caused the Pacific Gas & Electric Co. transmission line to the campus...

San Jose: Vegetation fire breaks out near Highway 237

SAN JOSE — A vegetation fire broke out Wednesday evening near CA-237 and 1st Street, authorities said. The fire, which was reported at 5:50...