Our Fair Share Helping Connect African Americans With PPP Loans

Our Fair Share Helping Connect African Americans With PPP Loans

Assessment

Interactive Video

Business

University

Hard

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The video discusses Combs Enterprises' involvement in the PPP program to support minority entrepreneurs. It highlights the challenges faced by African American and Latinx businesses in accessing capital, especially during the pandemic. The role of major lenders like JP Morgan and minority-owned banks in bridging the capital gap is emphasized. The video also addresses the trust gap between big banks and minority communities and the importance of sustaining attention on Black-owned businesses for long-term economic opportunity.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the impact of the pandemic on minority-owned businesses as described in the text.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of trust in the relationship between minority communities and big banks?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How can addressing the wealth gap benefit the economy as a whole?

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