Fashion and Beauty Brands Start Grants for BIPOC-OwnedBusinesses

Glossier Products on Store Shelf

According to CBS News, 40% of Black- owned business may not make it through theCovid-19 pandemic.

TheCenter for Responsible Lending approximated that 90% of small companies owned by individuals of color “have been, or will likely be, shut out” from the Small Business Administration’s PaycheckProtection Program( PPP), AshleyHarrington, the company’s director of federal advocacy and senior council, informed CBS News inApril (You might keep in mind how, rather controversially, the PPP at first sent out loans to business like ShakeShack and Ruth’sChris Steak House, a few of which were then returned due to public protest.) A study of Black and Latinx entrepreneur and employees performed by Color of Change and UnidosUS discovered that lots of weren’t getting the help they requested from the Small Business Administration, if they got any help at all, the NewYork Times reported.