BIPOC small business owners more optimistic than most about post-pandemic recovery

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Canadian Black, Indigenous, and people of colour-owned small businesses showed greater resiliency amid the pandemic and their owners report feeling more optimistic about the future than non-BIPOC small business owners, according to a new survey.

A pedestrian walks past a vacant storefront as the COVID-19 pandemic continues to impact small businesses Monday, November 23, 2020 in Montreal.THE CANADIAN PRESS/Ryan RemiorzCanadian Black, Indigenous, and people of colour -owned small businesses showed greater resiliency amid the pandemic and their owners report feeling more optimistic about the future than non-BIPOC small business owners, according to a recent Scotiabank report.

"BIPOC small business owners have demonstrated their adaptability and fortitude by reaching new markets and incorporating new technologies to grow their businesses. While uncertainty remains, small business owners can benefit from seeking qualified advice, taking advantage of the various tools and supports, and looking broadly for new talent and customers as they pivot to succeed in the new normal.

More than half of small business owners surveyed reported doing the same or better than they were pre-pandemic and 77 per cent say they are well equipped to survive a future wave.

 

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racist. fakenews

To be fair, there’s a specific federal funding program for BIPOC business, so yeah, of course their optimistic…

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