Black Businesses Hit Hard by COVID-19 Fight to Stay Afloat
Stephanie Byrd agonized over temporarily laying off nearly the entire staff at her family's trio of Detroit businesses when the coronavirus pandemic hit.
But she's not just concerned about the impact on their bottom line.
She's worried other black-owned businesses will struggle to withstand another wave of economic uncertainty, following decades of inequity that made it hard for many to flourish in the first place.
"Most of the people I know who have businesses and are black are terrified right now," said Byrd, whose family owns Flood's Bar & Grille, The Block restaurant and the city's Garden Theater. "There could be a new wave of black businesses that are able to reinvent themselves post-pandemic, but black businesses could also be wiped out for the most part within a black city. What would it look like without black-owned businesses?"
