Black-owned businesses to get aid under Biden Administration
According to Forbes, in the early round of stimulus relief, minority-owned small businesses were disproportionately impacted by COVID-19 and were less likely to receive Paycheck Protection Program (PPP) loans and government relief programs. Black-owned businesses are a vital part of any community. And just like many businesses in Erie, have been hit hard by COVID-19.
Denice Manus, owner of Manus Sunoco, says they've had issues getting their government relief. "It seems like the distribution or whoever is designated to see that the small businesses get the grants or the loans... it never trickles down to us,” said Manus.
Across the nation, many minority businesses were left out the first rounds of PPP distribution. The Biden-Harris administration has outlined a clear intention to give money to Black and Latino owned small businesses.
In the executive order Biden signed Wednesday, the Office of Management and Budget will now analyze if federal money is equitably distributed in communities of color.
Manus says she's faithful they'll get the help they need soon. "I feel that President Joe Biden is a sincere and honest person. I believe that he will try his best to see that the money is distributed equally,” said Manus.
"Anytime there is a change in administration, there are some challenges a business will face,” said Marissa Thomas, owner of 3i Networking. She helps to develop small local businesses.
She says change always presents challenge. "There's that transition that goes on that definitely in general... that businesses have to be prepared to go through,” said Thomas.
JJ Brown is the owner at Three B's Saloon. He says the shut downs and reopening at 50 percent have hurt. "I don't know if anyone can live on fifty percent of their income, but if they can god bless them. It's tough for us,” said Brown.
He says he doesn't necessarily think who's in the White House impacts his businesses wallet. He says throwing money at a problem won't fix it. "Money goes away. Policies stay. And that's what we need,” said Brown.