minority and women-owned businesses

NNPA Teams with Magic Johnson to Fund Over $100 Million in PPP Loans for Minority and Women-Owned Businesses

Johnson’s EquiTrust is providing critical financial support to underserved communities and businesses that have been traditionally neglected. These small and diverse businesses often have difficulty developing strong lending relationships with big banks. According to the Center for Responsible Lending, up to 90% of businesses owned by people of color have been, or will likely be, shut out of the PPP program.

COMMENTARY: What Do the 2019 Elections Mean for 2020?

While Democrats scored some gains, the Mississippi governor’s mansion is still in Republican hands. Mississippi has the largest concentration of Black people – 39 percent – of any state, but African Americans remain underrepresented among elected officials in Mississippi.