(Photo : Unsplash/@ wocintechchat.com)
Latino Entrepreneurs Amid the Pandemic
Latinos opened more small businesses in 2020 or before the pandemic began in the country. This is also supported by data from the Pew Research Center. The center said that Latinos either own or open more small businesses across the country compared to other minority groups.
However, Latin entrepreneurs were hardly hit by the global pandemic and forced most of them to shut down their operations. While others managed to survive by shifting their businesses through deliveries and take-out orders.
Another challenge that adds up to the problem of Latino entrepreneurs is that they were not able to access the same rate of Paycheck Protection Program compared to other small business owners in the country under the CARES Act.