Stay Strong |NBCC and Groupon

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

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