Coronavirus
Paycheck Protection Program (PPP) Small Business Loan Program
Charlene Crowell from the Center for Responsible Lending writes about minority business being excluded from the Paycheck Protection program.
Small Business Program short changes Businesses of Color
Black Businesses have trouble getting PPP loans (Newsone)
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Track the Relief Bill Spending
The Committee for Responsible Federal Budget has a great coronavirus relief bill tracker.
Coronavirus Relief Bill Tracker
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Black Barbershops face difficult times
CNN covers the story
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P. Diddy helps businesses access the Paycheck Protection Program
Sean "P. Diddy" Combs creates website to help Black business access Paycheck Protection Program.
You can view the Our fair share website here.
The Network Journal has the story here.
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Earl Graves, Founder of Black Enterprise Magazine, dies at 85
Earl Graves was a long time champion of Black Business. He created Black Enterprise magazine in 1970 that showcased Black business and Black corporate executives. He wrote a well known book: "How to Succeed in Business without being White." He also served on the boards of major corporations including American Airlines, Rohm & Hass, and Federated Department Stores. He sat of several important board and ran the DC Pepsi bottling franchise for several years.
Black Enterprise has the details
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Daymond John reportedly tried to sell Florida N95 masks for $7 dollars a piece
He denied the story in the NY Daily News. The winning bid was priced at $7.50 per mask for 30 million masks.
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Reparations
Sandy Darity and Kirsten Mullen have an article in Newsweek explaining how Covid-19 has exposed the need for reparations. Coronavirus making the case for Reparations. They also have a new book called "From Here to Equality: Reparations for Black Americans in the Twenty-First Century."
Tyrha Lindsey-Warren, Ph.D., clinical assistant professor of marketing in Baylor’s Hankamer School of Business. Has identified the best storytelling ads during the Coronavirus Pandemic
Storytelling ads during Coronavirus
Media and Entertainment Business
Variety: Recording Academy hires Butterfield Jones as Diversity Officer
The Recording Academy is the primary organizer for the Grammy Awards
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Urban One layoffs
Urban One, is the successor to Cathy Hughes' Radio one. The layoffs were Coronavirus related.
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Retail
WalletHub reports spending patterns during Coronavirus Pandemic
WalletHub, an internet financial planning website, surveyed 450 people about their spending patterns during the Coronavirus Pandemic . Overall people were spending less money during the Pandemic. The largest category was entertainment, alcohol, clothing and beauty products.
WalletHub also projected it's survey results by scaling them up to the whole US. For example, 23% of people in the survey said they were spending more money during the pandemic. That equates to 58 Million people spending more money.
Restaurants and Food Service
FDA promotes best practices for restaurants and food service
The six foot distancing maybe unworkable in restaurants and kitchens
