According to a report by the US "Capitol Hill" on September 11, local time, an investigation found that during the epidemic, many ethnic minority small business owners in the United States suffered unequal treatment.
Due to the lack of fair federal assistance, more than a quarter (27%) of small businesses from ethnic minorities in the United States remain closed.
At the same time, in August, the unemployment rate for African Americans rose to 8.8%, almost twice the unemployment rate for white Americans (4.5%).
These results are attributable to the long-term differential treatment of ethnic minorities.
According to statistics, white-owned startups are seven times more likely to obtain loans in the year of establishment than African-Americans.
During the epidemic, even though businesses owned by people of color were hit harder, they still did not receive fair federal assistance through the Payroll Protection Program (PPP), and only 12% of African and Latino business owners received assistance funds.
At the same time, many ethnic minority companies are unable to obtain financing from the Small Business Administration's loan program.
In August of this year, small business owners’ confidence in the US economy fell to the lowest level since March.
Without the support of the U.S. federal government, many American companies will be forced to lay off employees or shut down completely.
(CCTV reporter Xu Tao and Xu Xiao)