Black business owners in Indianapolis were less likely to receive government support than white-owned businesses before the pandemic. It’s only gotten worse since COVID-19.
In 2019, the City of Indianapolis Disparity Study, conducted by Colorado-based BBC Research and Consulting, found large disparities between city assistance for minority-owned businesses compared to white-owned businesses.
Katina Washington, founder of the S.H.E. Event and S.H.E. Marketplace, where local businesses can sell their products online, received PPP in the summer of 2020, but said confusion on her part made the process difficult.
To solve this problem, Washington recently partnered with Huntington Bank to bridge the gap between the Black community and financial institutions.