NAC Blog: Latino small businesses and COVID-19
Noerena here reporting from California, where we are officially in another shutdown. While I am a firm believer that the only way to fix our economy is getting to the other side of this awful virus, I gotta say, I’m worried about our Latino small businesses. We’ve boasted about this before: Latinos have been the driving force behind entrepreneurial growth in the U.S. Over the past decade, the number of Latino business owners grew by 34%, compared to only 1% growth for all business owners. However, the current lack of cash on hand for Latino-owned businesses can result in the loss of over two million jobs if Latino employer businesses have to permanently close before the end of the year.
