Survey: Black small-business owners optimistic for 2021 recovery

Nancy Lavin

02/25/2021

NEARLY HALF of the 1,000 Black small-business owners recently surveyed by the Bank of America Corp. think their revenue will increase in 2021, while more than 80% think race is a barrier to success.

PROVIDENCE – Despite the heavy blow COVID-19 has dealt to Black-owned businesses, many are optimistic for improvement in the short- and long-term future, according to a new study by Bank of America Corp. Just under half, or 48%, of Black small-business owners surveyed said they expect their revenues will increase over the next 12 months,…