As communities throughout the country make decisions about schools reopening and online learning, parents are struggling to maintain work while tending to their children. When evaluating the economic crisis brought on by COVID-19, the nation’s already simmering childcare crisis is emerging as the primary obstacle to long term economic recovery. This crisis brings a myriad of consequences, primarily severe economic implications for women and children.
Hurricane seasons alway pose a risk to vulnerable populations - those living in poverty, with health problems, and without access to transportation. But with the recent pandemic, these populations may be at an even bigger risk.
Businesses owned by entrepreneurs of color have been particularly impacted by declining revenues introduced by COVID-19. Despite government efforts to provide relief, many small businesses have not received the support they need. Fortunately, Community Development Financial Institutions (CDFIs) have helped fill the gaps that traditional financing systems cannot. CDFIs are mission-driven lenders that serve the communities that too often get left behind, including people of color, returning veterans, new citizens, and more.
COVID-19 outbreaks and stay-at-home orders have pushed many small and local businesses to explore e-commerce as a way to sell their products. Earlier this week we explored different e-commerce platforms, ranging from low-barrier to website construction, but many small businesses are looking to leverage new or existing partnerships to sell online. Here are some of the partnership models that we have seen emerge or expand during the first half of the year.