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Black-owned businesses are highlighting how systemic racism continues to hurt their post-pandemic recovery efforts. Young Black entrepreneurs are turning toward crowdsourcing to keep their businesses open.
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Up to 28% of corporate and federal contracts set aside for diverse small businesses in the U.S. are still executed by white men at large public companies, according to a study by BJM solutions, a Trumbull, Connecticut-based economic consultancy firm.
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Minority-owned businesses got a disproportionately smaller slice of the federal assistance offered through the Paycheck Protection Program.Data from the…