Historically, this kind of economic shock disproportionately hurts disadvantaged business owners and neighborhoods. For instance, women- and Black-owned businesses were least likely to survive the Great Recession, undercutting family wealth and key commercial corridors in the neighborhoods where those businesses were anchored. Furthermore, analysis by the Economic Innovation Group showed that five years after the Great Recession, more than half of the nation’s small business recovery took place in prosperous ZIP codes.

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