WASHINGTON - Sept. 23, 2020 - The grassroots demonstrations concerning black racial justice, sparked by the death of George Floyd, have created an urgent, unprecedented response by CEOs and corporate leaders. Companies have made extraordinary pledges of support in the face of significant operational and financial challenges. At the same time, the COVID crisis has caused a 41% decline in the number of Black businesses.
In a June 10 Black Enterprise magazine article, Creative Investment announced that corporations pledged $1.678 billion to BLM efforts. Within a few weeks, companies and organizations matched that amount.
In December, 2016, Creative Investment Research warned that:
"..the current situation is very bad, and I mean toxic, for democratic institutions in general and for people of color specifically. Bottom line: our Fully Adjusted Return Forecast** indicates that, over time, things will get much, much worse....." (https://www.linkedin.com/pulse/trumpism-william-michael-cunningham-am-mba/ Also see: June 11, 2016. "Why Trump Will Win" https://www.linkedin.com/pulse/why-trump-win-william-mich... )
We continue to be the leading independent Black economic forecasters and analysts.
Join CIR CEO William Michael Cunningham as he outlines the State of Black Business in this challenging time. Thursday, October 15th from 1:00pm EST to 2:00pm EST. Sign up below or just send an email to info@creativeinvest.com.
Online at: https://creativeinvestmentresearch.org/stateofblackbusiness
Contact
Creative Investment Research
