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How has COVID-19 Impacted Minority-Owned Firms?
Since COVID-19 sparked state-mandated lockdowns nationwide in March, data suggests that minority-owned small businesses have been disproportionately impacted by the pandemic, facing higher rates of closures and sharper declines in cash balances as compared to nonminority-owned small businesses.
This FedTalk program will review recent research on the impact of the pandemic on minority-owned firms followed by a discussion with our panelists on their observations and innovative practices to support these businesses.
This videoconference will include time to address audience questions.
Moderator:
Treye Johnson – Regional Outreach Manager, Federal Reserve Bank of Cleveland
Presenter:
Ann Marie Wiersch – Community Development Policy Advisor, Federal Reserve Bank of Cleveland
Panelists:
- Jenice Contreras – Executive Director, Northeast Ohio Hispanic Center for Economic Development
- Juan Garrett – Executive Director, Riverside Center for Innovation
- Tari Rivera – CEO & Founder, Regency Construction
- Karis Tzeng – AsiaTown Project Manager, MidTown Cleveland, Inc.
