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black businesses

3 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jun 18, 2020 by Cathy Hughes · across every show →

Everything said about black businesses, oldest first

Jun 18, 2020 negative
Assertion Partly supported
Hughes: 480,000 Black-owned businesses closed permanently between February and April 2020
“We've lost almost a half a million black businesses between February and April. It's like 480,000 black businesses have closed forever. 90 days we're talking about.”
Cathy Hughes Jun 18, 2020 ▶ 16:25 How I Built Resilience: Live with Cathy Hughes
Jun 18, 2020 neutral
Assertion Supported
Hughes: Black business closures were driven by non-essential sector classifications
“One of the problems I think with you know, a significant decrease In black businesses, so many of us are in businesses that are classified as non-essential.”
Cathy Hughes Jun 18, 2020 ▶ 18:26 How I Built Resilience: Live with Cathy Hughes
Feb 25, 2021 positive
Insight
Troy Carter: Black founders need equal capital access, not charity
“Like, those Black businesses should be held to the same standard of return on capital. It's just the opportunity to have access to that capital, have access to the support and training that Y Combinator companies may get, or that, you know, first-round capital…”
Troy Carter Feb 25, 2021 ▶ 18:51 How I Built Resilience: Troy Carter of Q&A (June, 2020)
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