Business NOT as Usual

Healthy Black-owned businesses could be a critical component for closing the United States’ Black–White wealth gap, which McKinsey & Company projects will cost the economy $1 trillion to $1.5 trillion (in 2018 dollars) per year by 2028. But COVID-19 crisis has further stressed Black-owned businesses and may cause the racial wealth gap to widen: between February and April of this year, 41% of Black-owned businesses shut their doors under economic pressure caused by the pandemic, compared with 17% of White-owned businesses. With a compelling, data-driven case for economic inclusivity finally emerging, how do we fix what’s broken?

Stacie Yee will discuss Pillsbury's Black-Owned Startup Support (BOSS Lab) initiative.

For more information, please visit the www.cfnova.org event page.