NNPA NEWSWIRE — Data culled from multiple studies revealed that Latinx business owners fell by 32 percent and Asian business owners dropped by 26 percent. Meanwhile, the number of White business owners fell by 17 percent. While the current climate has exacerbated the wealth gap and unveiled the unimagined financial straits of Black and other minority companies, studies also revealed that about 58 percent of African American-owned businesses were at risk of fiscal distress even before the outbreak of the pandemic in February 2020.

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