Coronavirus Lockdowns Hit Black Business Owners Harder: Report

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The coronavirus pandemic has led to the largest drop in small business ownership in the United States, hurting black business owners the most, according to a June study from an economic research organization.

3.3 million business owners are not actively working, and 22% of the closures came during the February-to-April window of coronavirus restrictions, reportedAxios, citing a National Bureau of Economic Research working paper. In the whole Great Recession of 2008, small business owners shrank by 730,000 at 5% reduction, the study noted.

Of the 3.3 million, 1.1 million small business owners were black, according to the study. Black business owners shrank from 1.1 million to 640,000 — a 41% difference.

Latino business owners represented the second-largest loss at 32% from February to March, the study showed. Asian business owners were at 26%, and 17% white business owners, the

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For Salon Owners in Georgia, Feelings About Reopening Are Still Mixed

COVID-19 made its first official mark in Georgia on March 2 when two members of the same household became the first known cases of the virus within the state. Exactly a month later on April 2, Governor Brian Kemp announced a shelter-in-place order shuttering all but essential businesses. However, less than four weeks later on April 24, restrictions were eased in a way that allowed salons, barbershops, nail studios, and spas to resume operations. For owners and beauty professionals who have faced unemployment and revenue loss, Gov. Kemp’s announcement presented difficult choices.

While other states have now begun to ease their own stay-at-home orders, Georgia’s early, phase one reopening notably included the high-touch professions of the beauty industry, a job sector other states aren’t including until later dates. But the decision to allow beauty services to resume didn’t result in universal feelings of thanksgiving among Georgia-based business.

Salons

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