Reported 1 day ago
The ongoing federal government shutdown, which began on October 1, is severely affecting Black and minority-owned businesses, with projected losses of between $400 million and $450 million. A survey by the National Minority Supplier Development Council reveals that more than a third of its 15,000 member firms are experiencing revenue declines due to contract delays, reduced demand, and staffing cuts. The situation highlights the crucial role these businesses play in the economy and the urgent need for support and solutions as the shutdown continues.
Source: YAHOO