September 25, 2020         
Deepak Chopra and John Maxwell join Ismael Cala in the largest entrepreneurship event in the Americas   •   BorgWarner Supply Chain Manager Kelly Zhu Receives Women in Manufacturing STEP Ahead Award   •   Move Over, Aquaman: Three of the World’s Top Female Ocean Explorers to Talk Trailblazing in Ocean Discovery and Conservati   •   Action Speaks Louder Than Words as Next-Gen Acura TLX Makes Television Debut in New Campaign   •   PSYKHE, the First E-Commerce Recommendation Platform Powered by AI and Psychology, Raises $1.7 Million Seed Round   •   Cubic Introduces New Ventra Mobile App for Chicagoland Travelers   •   Black American Music Association and Voting Rights Are Civil Rights Initiative Align to Educate Minority Voters and Combat Voter   •   BlackNorth Initiative Applauds Recognition of Systemic Racism in Speech from the Throne- Commitment to Measurable Improvement in   •   Rite Aid Surpasses 300 COVID-19 Testing Sites   •   TherapeuticsMD Provides Update on Third Quarter Progress   •   FCA Passes 25-Year Mark as Exclusive Sponsor of the National Black MBA Association Graduate Student Case Competition   •   C-Sweet Webinar: “How We Can Make Difference” Part Three in a Series on Why Diversity Matters   •   APDerm® Opens Fifth Office in New Hampshire   •   STEP Into Modern Manufacturing, Women Leaders Awarded for Career Excellence   •   MadaLuxe Group Launches Investment Arm, SLS Journey, Led by Co-founder Sandy Sholl   •   New book "Guilty When Black" Reveals Oklahoma's Racial Inequities Linger Long After 1921 Race Massacre   •   IYM's Prep School Fair goes Virtual October 2nd, 3rd, and 4th, 2020   •   Dow leaders recognized on 2020 HERoes Women Role Model lists   •   If you purchased Weighted Goods from Walmart in the United States from February 13, 2015 to August 26, 2020 and the Weighted Goo   •   MicroTech CEO Joins the Hollywood Elite to Introduce Movie for the AFI Movie Club
Bookmark and Share

Minority Business Stimulus Contracts Still Lag

COLUMBUS, OH - The federal stimulus and economic recovery continue to have lower impact on the communities most in need, says a report released by the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University. The Race-Recovery Index notes rising August and one-year unemployment rates for Black Americans, coupled with a lower share of cumulative federal Recovery Act contract awards through August for both Black- and Latino-owned businesses. The report bases its analysis on information from the U.S. Bureau of Labor Statistics and the Federal Procurement Data System.

 

The report notes that in August, Black unemployment rates rose by 0.7 of a percentage point, to the highest rate since April, while Latino and White unemployment remained relatively constant from July to August. Over the past year (since August 2009), Black unemployment has risen by 8.5 percent while Latino and White unemployment have fallen by 6.3 and 3.2 percent respectively.

 

The report also shows that in August, and also cumulatively to date, the total number of federal Recovery Act contracts as well as the dollar value of such contracts received by Black- and Latino-owned businesses is below their overall U.S. market share. Through August 2010, Black-owned businesses, which represent 7.1 percent of all U.S. businesses, have received 3.4 percent of federal ARRA contracts and 2.6 percent of federal ARRA contract value. During the same period, Latino-owned businesses, which represent 8.3 percent of all U.S. businesses, received 4.9 percent of federal ARRA contracts and 4.1 percent of contract value.

 

The Race-Recovery Index tracks how the federal stimulus and economic recovery are impacting communities most in need. It is produced monthly by the Kirwan Institute for the Study of Race and Ethnicity, a center for interdisciplinary research at The Ohio State University. The Kirwan Institute partners with people, communities, and institutions worldwide to think about, talk about, and act on race in ways that create and expand opportunity for all. To view the full report, including charts, see the September 2010 Race-Recovery Index

 


STORY TAGS: BLACK , AFRICAN AMERICAN , MINORITY , CIVIL RIGHTS , DISCRIMINATION , RACISM , NAACP , URBAN LEAGUE , RACIAL EQUALITY , BIAS , EQUALITY, HISPANIC , LATINO , MEXICAN , MINORITY , CIVIL RIGHTS , DISCRIMINATION , RACISM , DIVERSITY , LATINA , RACIAL EQUALITY , BIAS , EQUALITY



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News