The wage and wealth gap between white and Black workers is an important contributor to disparities in access to quality housing, medical care, food access, and educational opportunities.Read More
How were minority and women owned small businesses assisted by the National Institute of Minority Economic Development during the pandemic?
In a poll conducted by the Research, Policy, & Impact Center, RETOOLNC grant recipients were asked how they used funds they received during the pandemic.Read More
Poll Shows Rate Increase Adds Additional Financial Burden on Women and Minority Owned Small Business
Last Wednesday (5/3/22), the Federal Reserve raised interest rates by a half percentage point, the largest rate increase since 2000. The Fed previously raised its rate a quarter percentage point…Read More
The Paycheck Protection Program (PPP) was widely criticized, for favoring white-owned businesses over Minority Business Enterprises. (MBE) In the study PPP loans were consolidated using the program Stata using data…Read More
In order to determine whether Paycheck Protection loans in the North Carolina, suffered the same disparities between gender and race, as we found in our previous articles for 2020 PPP…Read More
Griffin & Strong Find Significant Disparities in N.C. Procurement: Non-Partisan Small Business Reserve Program is one of the Best Remedies for N.C.
The NC Department of Administration’s Historically Underutilized Business Office recently released a disparity study, researched by Griffin & Strong P.C., on the availability and utilization of minority and women business…Read More
North Carolina House Representative Alma Adams has won an important victory for Historically Black Colleges and Universities (HBCUs) by incorporating her bill, the HBCU Capital Finance Debt Relief Act, in…Read More
As of January 31, 2021, the Treasury Department doled out over 6 million loans totaling nearly 600 billion dollars with an average loan amount of $98,560. The initial rollout of the program has been criticized for favoring larger businesses seeking higher loan amounts and effectively shutting out smaller minority and women owned businesses most likely to shutter their doors without immediate financial relief.Read More
PPP loan data on race reveals disparities in the number of loans for the first time period PPP loans were given and amount of loans given to minority and non-minority owned businesses for both time periods.Read More