The Paycheck Protection Program failed many Black-owned businesses

Share on facebook
Share on twitter
Share on linkedin
Share on reddit


Stephanie Byrd is the co-owner of the Block, one of many restaurants that closed due to the coronavirus in Detroit. Byrd is worried that Black-owned businesses will struggle to withstand another wave of economic uncertainty following decades of inequity. | Paul Sancya/AP

It built on inequities that already exist in banking.

Danielle Parker, the CEO of Detroit Maid, says her business almost didn’t make it this past spring.

Parker’s company — which provides on-demand cleaning services — is among those that have been forced to completely alter their business model as a result of social distancing and public health guidelines during the pandemic. While Detroit Maid had previously focused 80 percent of its work on residential clients, the company has now shifted to operating predominantly with commercial ones.

Because of how much business slowed, Parker’s staff was cut roughly in half earlier this year, and at one point, she didn’t know if they’d stay open. “Businesses like mine, we had severe loss in staff, and we weren’t sure if we were going to be able to make it through May,” she told Vox.

There have been some sources of help, though. Roughly $35,000…



Comments

Leave a Reply

Responses

Sign up for our Daily News Briefing

Get daily news delivered to your inbox. 

Build for us, by us...

Social Community

Breaking News

Business Directory

Connections

Grow

Forge Your Kingdom...

Community is Everything: Build a tribe of inspiring friends. Build a community, of like-minds, who will give you the strength to act on your ideas and inspire you to be the best version of you.

Community

Connect, Share, & Grow! Share your stories!

Mobile Friendly

Access the community from any device.

Buy Black

Thousands of minority-owned businesses at your fingertips.