Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses (Politico)

Politico: Fed study: Covid-19 overwhelmingly strikes counties with most Black businesses. “The Black community has been disproportionately battered by the coronavirus, as numerous studies have shown. Now, the Federal Reserve Bank of New York has quantified just how hard an economic punch the pandemic has delivered. Thirty counties account for 40 percent of receipts from Black-owned businesses, and 19 of those areas — roughly two-thirds — have the highest number of coronavirus cases in the country, according to new research from the New York Fed. By contrast, counties with more white-owned firms have a lower share of cases.”

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