Christopher Lochhead Follow Your Different

Why is there a disproportionate impact against Black-owned and Women-owned Businesses? Today in Follow your Different, Robert Fairlie, a professor at the University of California and a researcher for the National Bureau of Economic Research, shares his research on the impact of Coronavirus on small businesses and black and women-owned businesses. Impact of COVID-19 Rob shares the alarming figures that small businesses faced. From 15 million active businesses to 12 million, to the 15% unemployment rate in just one month  (Bureau of Labor Statistics), Rob gives us facts and figures how devasting Covid-19 has impacted businesses. “I think they are starting to get become more attention focused on the business side of it and the importance of business owners. Not only do they create a route out of poverty or an alternative for income but they also create jobs.” – Rob Fairlie Impact on Black-owned Businesses Prof. Farlie says that there is a hugely disproportionate impact between White-owned businesses and African