Immigrants also create jobs by starting businesses.
There are businesses of all different sizes and scales, from local to national and global businesses.
Women's businesses have suffered disproportionately during the pandemic.
For all non-essential businesses, commerce has moved almost entirely online.
Some 41% of Black-owned businesses closed, and 32% of Latinx-owned businesses closed.
The study also said that banks were lending to businesses with larger payrolls than most minority-owned businesses.
The 2019 American Express "State of Women-Owned Businesses" report showed that black women-owned businesses average $24,000 in revenue.
Alaska also reopened retail businesses and dine-in services restaurants on Friday, under the proviso that those businesses operate at 25% capacity.
In the most recent survey conducted by the Census Bureau, there were 124,551 Black-owned businesses, with most of these businesses in healthcare and social assistance.
So ubiquitous are immigrant-owned businesses, the city's Small Businesses Services translates information in 19 languages and produces a guide for immigrant entrepreneurs.
The problem I have with all of these big energy emitters is that the sustainability of these businesses is one problem, but they're actually quite poor businesses," he said.
Some 20% of Hispanic-owned businesses and 14% of Asian-owned businesses said they were worried about credit availability, compared to 12% of white-owned businesses.
"Small businesses don't think 40 years out, but if you are located in a storm surge zone, whether its climate change or hurricane, those businesses are more vulnerable," Gilbert said.
However, small businesses in the service sector have seen a bleaker outlook: A new analysis from the New York Federal Reserve's Liberty Street Economics of about 100,000 such businesses found that 35% of businesses active prior to the pandemic remain closed.
The pandemic hit industries unevenly — hospitality and travel businesses were devastated, and many of the thousands of small businesses that had to close during the pandemic may never reopen — while e-commerce and food and grocery delivery businesses thrived.
In terms of a timeframe in which small businesses can expect to see relief, Prisinzano said that a lot of businesses have already gone through cash reserves, so the new aid, combined with the Paycheck Protection Program, will help businesses in the short-term.
To further target small businesses aid, Biden will institute a 14-day period, from February 24 to March 10, where only businesses with 20 employees and under will be allowed to apply for the PPP to "allow lenders to focus on serving these smallest businesses."
Her concerns were echoed by Federation of Small Businesses chair Mike Cherry, who said another lockdown would be "incredibly frustrating" as small businesses and businesses across the UK had "spend thousands" in making sure their premises are safe for employees and customers.
Not all small businesses have the same needs, yet the PPP is accessible by businesses of up to 500 employees, which includes real estate investment trusts (REITs), companies with access to venture funding and private capital, and other businesses with more stable funding and revenue.
Beyond the disproportionate health impacts of the pandemic, 41% of minority-owned small businesses are concerned about the impact of the pandemic on their business compared to 31% of non-minority owner businesses. 39% of minority-owned small businesses are very concerned about the impact of the pandemic on their mental health, versus 23% of non-minority-owned businesses.
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Beyond the disproportionate health impacts of the pandemic 41 of minority-owned small businesses are concerned about the impact of the pandemic on their business compared to 31 of non-minority owner businesses 39 of minority-owned small businesses are very concerned about the impact of the pandemic on their mental health versus 23 of non-minority-owned businesses