August is Black Business Month in this country and it is prime time to check in on the effects of the last four months on Black women entrepreneurs. They have been hardest hit by the economic downturn nationally. It is also time to heed the advice of Black women who have started, maintained and succeeded with their businesses in good and bad tines.
According to the Chicago Tribune, “The number of active Black-owned businesses in the U.S. plummeted 41 percent during the early months of the pandemic from February to April, more than twice the 17 percent level of white owned businesses, research by Robert Fairlie from the University of California Santa Cruz shows.”
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