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Minority-Owned Businesses Hit Hardest by Pandemic

cover page for this reportBlack and Brown Owned Businesses Hit Hardest by COVID-19 Pandemic

Insight Center

First published June 2020

This fact sheet shows that across the United States, businesses owned by Black, Latinx, and Asian people have closed down at an alarming rate during the COVID-19 pandemic. Between February and April of 2020 alone, more than 3 million small businesses closed down across the country. Businesses owned by people of color, women, and immigrants have been most severely harmed, closing down faster than the national average.

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