Minority-Owned Businesses Cautiously Optimistic Amid Slow Recovery

Minority-Owned Businesses Cautiously Optimistic Amid Slow Recovery

Assessment

Interactive Video

Other

University

Hard

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The video discusses the impact of the pandemic on a community-focused business, highlighting the challenges faced by minority-owned businesses due to exclusions in the Payment Protection Program (PPP). It addresses the broader issues of banking discrimination and the difficulties in securing loans for minority business owners. The Biden administration's efforts to amend PPP rules to better support minority businesses are also covered. The business owner shares how the pandemic refined her business skills and strengthened community ties.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the main challenges faced by minority business owners during the pandemic?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the pandemic affect the revenue of Black-owned small businesses compared to white-owned businesses?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role did the Payment Protection Program (PPP) play in the struggles of minority business owners?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways did the Biden administration aim to support minority-owned businesses through changes to the PPP?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the pandemic influence the business strategies of individuals like Oxendine?

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