Meta’s New Report: Black-Owned Small Businesses Are Facing Record Levels Of Lower Sales

Essence Magazine:

By Jasmine Browley ·Updated March 23, 2022

It’s not your imagination–life has become more expensive. From gas prices, rent costs to groceries, inflation has risen by 7.9percent. Although most of us have been affected, Meta is saying small business owners are struggling.

According to their new Global State of Small Business Report, one in five small businesses reported being closed, an increase since our last global survey in July 2021. 

The report is

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