Most entrepreneurs start businesses with the equity they’ve accrued in their homes. The remnants of federally backed redlining practices, which financially isolated black people throughout the 20th century, throttled the amount of wealth black people could create from homeownership. This created racial wealth disparities that have lingered, negatively impacting black people’s capacity to start and maintain businesses. law throughout the 19th and 20th centuries. “Social distancing” in the form of anti-black segregation and discrimination was U.S. Social distancing is not new to black communities. Read the full article from CityLab, here. The budget aims to keep safety, health, shelter and access to food top of mind, but “Washington must also step up” to get New Yorkers through the pandemic, De Blasio said.
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