A black owned business is a business that is not owned by a person of color.
According to the National Restaurant Association, there are currently only 1,944 black owned restaurants in the United States.
According, this number will likely be reduced in the coming months.
Black owned restaurants are also more likely to be in the bottom half of their category, according to the New York Times.
The reason for this, according the NYT, is that they are less likely to hire a minority staff, which means fewer black people will be working there.
In a recent CNNMoney article, one restaurant owner explained, “In the business world, if you can’t hire minorities, you’re going to have to close the business.”
According to NPR, Black owned business owners have historically struggled to make ends meet in the years since the Civil Rights Act of 1964, which made it illegal to discriminate in the hiring, firing, promotion, and termination of workers based on race.
However, in 2014, President Donald Trump signed a bill that allowed businesses to discriminate against workers based upon their race, as long as it does not create an “undue hardship.”
Since then, black owned establishments have seen a number of closures, including the closure of Blackberry, Blackbird, and others.
But many Black owned establishments remain open.
In 2016, the New Black Panthers and the Black Lives Matter Movement led a protest at a Black owned restaurant in New York City, and the protest was also met with criticism for the lack of diversity within the restaurant.
Blackowned restaurants also continue to struggle with the economic climate, as many have closed down in recent years due to the recession and low wages.
For example, in 2018, a Blackowned restaurant in San Francisco was closed due to a lack of restaurant owners and workers.
Many restaurants in other areas of the country have also faced economic downturns.
Black-owned businesses are also less likely than white owned businesses to receive government assistance.
Black business owners are also significantly less likely, according a 2016 Pew Research Center study, to receive tax credits, which helps provide low-income people with financial security.
According the Pew study, the average tax credit for a business owner is $2,908.
However because of the recession, many Black business owner are facing a reduction in their tax credits as a result of the downturn in the economy.
Some Black owned enterprises also have been targeted for state or local regulations.
For instance, in July 2017, the state of Missouri began restricting the hours of Black owned and operated restaurants from 10:00 a.m. to 7:00 p.m., and in September 2017, Maryland passed legislation that would require Black owned eateries to serve meals from 9:00 to 11:00 am, and close at 7:30 pm.
In 2018, the U.S. Food and Drug Administration (FDA) proposed new regulations that would make it illegal for a Black owner to rent or lease space in an establishment from a non-Black, non-Hispanic person of a certain race.
In the future, these regulations may be even more stringent, including mandating that Black owned or operated businesses have separate bathrooms, locker rooms, and other facilities.
Although many Black businesses have been affected by the recession as a whole, some of the closures are more visible, such as the closure and sale of Blackberries, Blackbirds, and some other Black owned, privately owned restaurants.
Although these closures are not all related to the economic downturn, Black businesses are losing money.
According a 2015 study by the Economic Policy Institute, the cost of Black-Owned business closures increased by about 20% from the year prior.
In 2020, the number of Black businesses in the U,S.
had declined by nearly 50% from a year earlier.
According that study, in 2017, Black- owned businesses accounted for almost a quarter of all private sector closures, a percentage that has been growing over the past few years.
According Reuters, in 2020, black-owned business owners lost more than $1 billion, more than twice the $867 million losses suffered by the industry overall.