Marjani CEO: New Aid Will Be Bridge for Black-Owned Businesses

The video discusses the impact of COVID-19 on Black-owned businesses, highlighting the financial struggles they face. Kimberly Smith, CEO of Mahjong, shares her experiences with the pandemic's challenges, including reduced foot traffic and difficulties accessing PPP loans. She emphasizes the importance of rent relief and the shift to e-commerce and social media for business survival. Despite the challenges, Kimberly remains optimistic about her business's future, determined to continue serving her community.

What percentage of Black business owners had to use personal savings during the pandemic?

• 58%

• 75%

• 133%

• 25%

What is one major challenge Kimberly's business is facing due to COVID-19?

• Increased competition

• Reduced foot traffic

• Higher taxes

• Lack of products

What is a significant expense for Kimberly's business that requires relief?

• Utility bills

• Marketing costs

• Employee salaries

• Rent

What was Kimberly's experience with the first round of PPP loans?

• She did not apply

• She received partial funding

• She was not eligible

• She received full funding

How has Kimberly's business adapted to the challenges posed by the pandemic?

• By closing physical stores

• By increasing prices

• By focusing on e-commerce

• By reducing staff

Which platform has been significant in helping Kimberly's business with advertising?

• Snapchat

• Instagram

• LinkedIn

• Twitter

What is Kimberly's outlook for her business in the next year?

• She plans to close the business

• She is uncertain about the future

• She plans to sell the business

• She is determined to keep it open