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In New York City black restaurant owners are trying to save their restaurant business

24 October 2020
1871
2 min.
2
In New York City black restaurant owners are trying to save their restaurant business

There are problems with the restaurant business in New York City

This year there were financial problems due to the Covida-19 pandemic, as well as problems of racial injustice in the USA. In this article we will explain in more detail what is happening today in the restaurant business on the streets of New York City.

In New York, because of the pandemic, there was a 60% drop in revenue, all due to the fact that snack bars are located in enclosed spaces throughout Manhattan.

Statistics show that 41% of establishments run by blacks closed at the beginning of the year and 17% are owned by whites. However, catering owners say

that black people's incomes in New York City have fallen by 80% since the pandemic began. The city's Department of Small Business Services found that only 2% of the city's $20 million in small business loans went to businesses in the Bronx, New York City's area with the largest black population, while 57% went to businesses in Manhattan.

The Department of Small Businesses found that 2% of the $20 million that was allocated under the City Programme was used for businesses in the New York City boroughs.

What do Nancy Pilosi and Steven Mnuchin say about this?

Nancy Pelosi and Steven Mnuchin are trying to come up with an aid agreement to resolve the problem.

The number of workers receiving and applying for unemployment benefits has fallen significantly last week, according to the latest figures from the Labour Department.

The Labour Department said that the number of workers who apply for unemployment benefits has decreased.

Black Restaurant Week runs from Friday 13 to Sunday 22 November. According to its website, participating regions include Atlanta, Gulf of California, Washington, Houston, Los Angeles, Midwest, New Orleans and Philadelphia.

Persons 2 in the news

Speaker of the United States House of Representatives
1 place
Secretary of the Treasury
2 place
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