Scores of businesses have shuttered since the global Covid-19 pandemic declaration March 11, 2020. University of California – Santa Cruz economics professor Robert Earlie in his article, “The Impact of Covid-19 on Small Business Owners: Evidence of Early-Stage Losses from the April 2020 Current Population Survey,” reported that small businesses were particularly sensitive to the major economic shifts triggered by the pandemic. His findings indicate small businesses suffered the earliest losses and Black-owned small businesses were hit hardest of all.
