America’s Racial Wealth Gap: The Fight For Equity In Business And Housing | WYPR

America’s Racial Wealth Gap: The Fight For Equity In Business And Housing

Sep 14, 2020

In this Wednesday, June 24, 2020, photograph, a sign in the window informs passersby that Spokehouse Bikes in the Upham's Corner neighborhood of Boston is a Black-owned business.
Credit AP Photo/Charles Krupa

Today on Midday: economic inequity in business and in housing.  The Coronavirus has been a double whammy Black and ethnic communities.  A disproportionate number of people of color have been infected and have died from illness related to COVID 19. 

Economic assistance to Black-owned businesses has lagged far behind the help given to White firms.  The Baltimore Business Journal reports that 600 businesses in predominantly Black areas of Baltimore received forgivable loans in the Payroll Protection Program.  But only 45 were minority owned.

Tom speaks with Diane Bell-McKoy, president and CEO of Associated Black Charities; and  Andre Perry, a Brookings scholar and the author of, Know Your Price: Valuing Black Lives and Property in America’s Black Cities.