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Small-Business Owners' Optimism Ticks Up From April

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research from the U.S. Census Bureau (PDF download), which also showed that White business owners had slightly lower temporary or permanent closure rates than Black business owners during that period.Diverse owners are also more likely than nondiverse owners to report specific economic harms resulting from the pandemic -- including a higher percentage saying they have lost revenue, reduced staff hours, laid off employees and reduced regular business hours.Diverse owners are much more likely than nondiverse owners to report being involved with the federal government's Paycheck Protection Program (PPP).Half of diverse owners say they applied for PPP loans, attempted to apply, or will apply again if additional funding is available, compared.

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