African American Businesses Received the Fewest COVID-19 Relief loans, and Grants, as Program Deadline Looms

Advertisement
Shop JAYNE

African American Businesses Received the Fewest COVID-19 Relief loans, and Grants, as Program Deadline Looms (Niles, IL) – Today, the Illinois Coalition of African American Business Organizations announces that research reports issued by the Center for Public Integrity, and the Brookings Institution reveal that African American businesses were awarded less than 2% of the loans, and grants available through the $1.9 trillion federal COVID-19 relief program  for small businesses, administered by the U.S. Small Business Administration, that is scheduled to end on May 31, 2021.

Advertisement
Elect David Sheppard

Small Business Administration officials, the COALITION asserts, continues to reinforce decades-long systemic barriers, that prevent African American business owners from
securing SBA loans, and grants, that will afford them the opportunity to develop, grow, expand and succeed.

Furthermore, the COALITION contends, SBA officials have failed to implement the Biden administration’s mandates designed to mitigate these inequities, and injustices.

Advertisement
Monica Gordon for Cook County Commissioner

To call attention, and seek solutions to this crisis, the COALITION is joining forces with other African American business organizations, throughout the country, to sponsor and participate in a series of protest demonstrations, at SBA regional, and district headquarters. The organization will also appeal to members of the Congressional Black Caucus to sponsor investigatory hearings.

About the Illinois Coalition of African American Business Organizations:

The Coalition is an advocacy, and clearinghouse organization whose mission is to strengthen the voice of African American business owners, in Illinois, and provide information that will help them vote more strategically, and hold elected officials accountable. The Coalition uses the internet, especially email, as its main conduit, in communicating with members, and the public.

Related Articles

The Government Donald Trump Left Behind

The Government Donald Trump Left Behind – Donald Trump was elected president in 2016 following a campaign of pledges to build a wall along the border with Mexico, repeal and replace his predecessor’s signature health care legislation, “drain the swamp” of special interests in Washington, D.C., and cut through the federal government’s bureaucracy, all to “Make America Great Again.”

Responses

Your email address will not be published.