President and CEO of the Illinois State Black Chamber of Commerce (ILBCC) and the Chairman of the National Black Chamber of Commerce (NBCC) Larry Ivory, sparked a relationship between the NBCC and Groupon.
During the growth of this relationship a survey was conducted via these two organizations and here are the interesting and important results. Take a look.
- Groupon and National Black Chamber of Commerce survey of more than 400 Black small business owners found that 75% have seen an increase in business since protests sparked by the death of George Floyd began
- 80% said they faced more challenges launching their businesses due to their race
- 74% said they’ve had fewer opportunities due to a lack of capital investment and resources targeted towards Black communities
- 76% of Black-owned businesses said they were negatively impacted by COVID-19, but only 5% of those that applied for Paycheck Protection Program loan received one