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Houston, TX is said to be welcoming its first Black-owned supermarket, and it’s called the District Market! According to FOX26, the Black-owned District Market Green Grocer opened its doors during the holiday weekend after Robert Thomas decided to shift the narrative when the pandemic put a wrench in the plans of his original business. Originally operating as District 1960 Nightclub, Thomas owned and operated the nightclub for five years before the COVID-19 pandemic put a damper on the business. Instead of leaving his life as an entrepreneur completely, he decided to use his passion for nutrition to create a grocery store that is made with the Black community in mind.
Young entrepreneurs are disproportionately suffering in the U.S. industries hardest hit by the coronavirus pandemic. LendingTree researchers found that 45% of businesses with owners younger than 25 years old are in industries with unemployment rates higher than the national average of 13% in May. That figure jumps to nearly 47% for business owners between the ages of 25 and 34. These hardest-hit sectors make up 40% of all businesses in the U.S. Many of these nonessential businesses closed their doors at some point in recent months to obey government mandates meant to limit the spread of the coronavirus. Most are reopening — as of this writing, about eight in 10 businesses in the U.S. are fully or partially open as local authorities ease restrictions. Key findings Young business owners operate in high-risk industries Asian business owners vulnerable to pandemic effects Methodology Key findings Across every industry, the majority of business owners are white and male — 85% of business...