owners

Florida small business owners stay afloat as state continues to reopen

CBS News is chronicling what has changed for the lives of Americans in 2020 amid the coronavirus pandemic.

When CBS News spoke to Dr. Fitzherbert Harry in June, he said his small physical therapy business in Maitland, Florida wasn’t at “break-even” yet, because it was recovering from negative impacts from the coronavirus pandemic. Harry, 35, said then that his business could probably survive just another few months before he’d have to seek other sources of income.

Two and half months later, Florida is in phase 2 of its reopening, and Harry says things have improved and that his personal case load, which had significantly decreased from 25 clients to three — is now back up to 10 to 20 clients, depending on the week. Though his small staff still has to work other jobs to supplement their work with Harry, he is hopeful that business will improve.

Harry received a

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Ottawa announces support for Black entrepreneurs and business owners

(REUTERS)
(REUTERS)

The federal government says new financial supports for Black entrepreneurs and business owners is a first step in its plan to tackle systemic racism, while working to identify barriers to success.

Ottawa says COVID-19 has highlighted and exacerbated existing systemic barriers faced by Black entrepreneurs.

Prime Minister Justin Trudeau announced investments of up to nearly $221 million in partnership with Canadian banks, including up to $93 million from the Government of Canada over the next four years. The program is the first of its kind in Canada.

Trudeau says the ideas and the ability to succeed are all there within the Black community, but access to funding remains an obstacle. 

“What this program will do over the coming four years is ensure, by working with financial institutions there is much greater access to capital for these Black businesses, which face systemic barriers and discrimination every single day,” he said,

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