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Advocates Say Black Businesses Get Sidelined In $484 Billion Relief Package | Essence

Advocates Say Black Businesses Get Sidelined In $484 Billion Relief Package | Essence

African American Business, Black Businesses, African American Entrepreneurs, Corona Virus, COVID, COVID-19, Racial Disparities, African American Health, Black Healthcare, African American Healthcare, KOLUMN Magazine, KOLUMN, KINDR'D Magazine, KINDR'D, Willoughby Avenue, Wriit,

The Senate has approved a $484 billion relief package intended to aid flailing businesses. Critics of the bill say it doesn’t go far enough.

On Tuesday the United States Senate approved a $484 billion coronavirus relief package that’s expected to pour billions more into the Paycheck Protection Program (PPP) intended to give small businesses financial relief during pandemic-spurred shutdowns. Of the $310 billion set aside for the PPP, just $60 billion will go to assist small lenders and community-based financial institutions.

Advocates say it’s simply not enough.

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By Tanya A. Christian, Essence
Full article @ Essence

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