While Congress has passed the CARES Act, small black businesses have been left out of funding, shut out of SBA Disaster Loans, and the lauded Payroll Protection Program with Affirmative Action removed from contracts. The leadership and members of ILBCC are working with Loevy & Loevy law firm in taking on banks that discriminate against minority-owned businesses. Though some banks have been engaging in racially discriminatory practices for centuries, the Paycheck Protection Program (PPP) has thrust these practices into the spotlight. [read more]
“We must ensure our congressional representatives are fighting for the interest of Illinois black businesses. As this pandemic continues as predicted, the devastation and loss of black businesses will be significant — catastrophic — if we do not fight for equity and equality now,” said Larry Ivory, ILBCC President. [read more]
A growing number of public corporations across a variety of industries will observe Juneteenth as a company holiday. National Black Chamber of Commerce Chairman Larry Ivory joins Yahoo Finance’s On The Move to address corporate responsibility in honor of Juneteenth.