Study: Minority-owned small businesses in the U.S. are better at adapting to COVID-19 and showing more optimism than others

It’s not surprising that many small businesses are struggling to maintain operations, earn profits and sustain their work forces in the wake of the economic downturn caused by the COVID-19 pandemic. However, many minorities who own small businesses across the U.S. remain more optimistic about the future than their non-diverse counterparts, though they acknowledge a need for greater support from the government from their communities and from the private sector. Those were some of the findings of the nationwide Small Business Mindshift 2020 survey recently completed by Union Bank, a…