Supports Black-Women Owned Small Businesses During COVID-19
This year, the global impact of COVID-19 has hit all businesses but has been especially destructive to Black-owned small businesses. At the beginning of February 2020, there were more than 1 million Black-owned businesses in the U.S. but by mid-April, 440,000 or 41% of those businesses had shuttered. By comparison, 17% of white-owned businesses closed during the same period.
Black women are starting and maintaining businesses at a faster rate than any other group in America and McBride Sisters Collections, Inc. has pledged $100,000 to help entrepreneurs make the necessary business adjustments to sustain and propel growth during the age of COVID-19 through access to capital and business advice. McBride Sisters Collection is also seeking support from the corporate community in this urgent endeavor.