Black Business Registrations Increase During COVID Pandemic

Google Trends data reported an “uptick in searches related to Black-owned businesses” in June of last year during the start of the pandemic. (Photo: iStockphoto / NNPA)

By Lauren Victoria Burke, NNPA Newswire Correspondent

Several states have shown that the number of registered businesses has “more than doubled” according to analysis by the New York Times.

In the month after the CARES Act was passed by Congress in March 2020, business registrations increased by 60 percent. Though the economic downturn caused by the COVID pandemic is likely to damage entrepreneurship and put many small businesses in a financial hole or out of business entirely, there are signs that many have turned to creating businesses after losing employment elsewhere.

Andre Perry, a Brookings Institution fellow, told the Times that some of the surge in Black business registrations could be a signal of personal economic trouble.

“This is more about survival…

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