Billions allocated to help minority-owned businesses stay afloat during pandemic

Billions allocated to help minority-owned businesses stay afloat during pandemic
Posted at 12:05 PM, Apr 27, 2020
and last updated 2020-04-27 17:51:42-04

Loans for small businesses through the Paycheck Protection Program restarted Monday.

About $60 billion of the program's new money is going to community banks and small lenders. The hope is this will get money to minority-owned businesses.

There are concerns this coronavirus pandemic will erase gains for women and minority-owned businesses that were made over the last decade.

“Where has the great recession hit manufacturing and construction hard COVID-19 is putting the food services, retail and accommodation industries at immediate risk,” said Sifan Liu, Research Analyst with the Brookings Metropolitan Policy Program.

The Brookings Institution says restaurants and retail are the businesses women and minorities are more likely to own.

Their research says women and minority-owned businesses were less likely to survive in the last recession. But they had a stronger recovery.

Researchers warn the recovery could be different this time around. Restaurants and retail are being hit hardest.

“We know women and minority businesses are less likely to have a relationship with a financial institution or local business support organizations like chambers or economic development organizations,” said Liu. “And additional outreach through a lot of community-based organizations, even churches, neighborhood groups, is necessary here.”

She says minority businesses will help the economy recover, so there is a wider benefit to support them to grow and hire people moving forward.

Coronavirus Testing Sites - Kern County

View Testing Locations Map

State-Provided Sites
  • Must have an appointment
  • Free, but if have insurance they will bill
  • No screening criteria

Kern County Fairgrounds
1142 South P Street, Building 4, Access Gate 27

Rosamond Library
3611 Rosamond Blvd, Rosamond CA 93560

Arvin Public Health
204 S Hill Street, Arvin

Wasco Library
1102 7th Street

County-Provided Sites
  • Must have an appointment
  • Free
  • No screening criteria
  • Operating with existing provider

Oildale - Good Samaritan Hospital
901 Olive Drive, Bakersfield
  • For Registration call (661) 215-7725
  • Drive-Thru Only
  • Hours: Monday - Friday 8 am - 8 pm, Saturday 8 am - 12 pm

Ridgecrest - Ridgecrest Regional Hospital
1081 N. China Lake Blvd, Ridgecrest
  • For Registration: Text the word "testing" to 833-774-4968 Or Call 866-774-9984
  • Drive-Thru Only
  • Hours: Monday - Friday 8:00 am - 10:30 am

Delano - Delano Regional Medical Center
1401 Garces Hwy, Delano
  • No Drive-Thru option
  • Hours: Monday – Friday 9 am – 5 pm

Kern River Valley - Kern Valley Hospital
6412 Laurel Ave, Mt Mesa Wheelchair Logo
  • For Registration call (760) 379-2681 ext 267
  • Drive-Thru Only
  • Hours: Wednesday - Thursday from 7 am - 2 pm.
Tehachapi - Adventist Health Tehachapi Valley
1100 Magellan Dr 93561

Lamont - Kern County Library
8304 Segrue Road, Lamont, CA 93241
  • For registration call 661-869-6018
  • Drive-Thru and Walk-Up<
  • Testing available for ages 5+ only; parents must be present and give consent for children
  • Hours: Monday, Wednesday, Friday, Saturday 9 am - 2 pm; Tuesday, Thursday 2 pm - 7 pm

Taft - West Side Health Care District
  • For Registration call (661) 765-1935
  • Drive-Thru<
  • TTesting available for all ages; parents must be present and give consent for children
  • Hours: Tuesday – Friday 9 am – 1 pm & 3 pm – 7 pm; Saturday 11 am – 3 pm