The economic viability of Black America is at stake if there is not equitable disbursement of the small business administration monies into the Black community. Advocates sent a letter to Treasury Secretary Steve Mnuchin demanding an equitable share of federal funding for minority-owned small businesses. April Ryan speaks with Nikitra Bailey, EVP of Center for Responsible Lending who has a message for business owners. Small Black-owned businesses employ nearly nine million Americans and pump $1.38 trillion into the US economy.
Advocate and Industry Organizations to Treasury Secretary @stevenmnuchin1: “use your authority to ensure that the structural issues with the #PPP, do not continue to exclude businesses of color.” Full letter -> https://t.co/gyBcwefmoi— Center for Responsible Lending (@CRLONLINE) April 27, 2020
Click ▶️ to listen to AURN Washington Bureau Chief April Ryan’s White House Report: