Most NYC minority and women-owned small businesses might not survive next 6 months

AmNews Staff Reports | 7/12/2020, 9:21 a.m.
New York City Comptroller Scott Stringer has shared an "alarming" analysis outlining the economic challenges facing the city's minority and ...
Closed sign/small business Photo by form PxHere

New York City Comptroller Scott Stringer has shared an "alarming" analysis outlining the economic challenges facing the city's minority and women-owned businesses during the pandemic.

According to a June survey of over 500 city-certified businesses owned by women or people of color, 85% said they likely can't survive beyond the next six months, given their current cash on hand.

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