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Lacking access to federal coronavirus relief, Miami’s smallest businesses face extinction

April 11, 2020

BY ANDRES VIGLUCCI AND ROB WILE
APRIL 11, 2020 06:00 AM
For the botanicas, bodegas and mom-and-pop restaurants already struggling to survive an epidemic of gentrification in Miami’s Little Haiti, the double whammy of the coronavirus crisis could be the final nail in the coffin, neighborhood advocates say.

In Miami, where the broader economy is underpinned by small retailers, sole shop owners and corner-store entrepreneurs, Little Haiti and other low-income neighborhoods around it in north Miami-Dade and across the rest of the county are among the most vulnerable to commercial collapse in the current pandemic.

But as Congress, the Federal Reserve and the U.S. Treasury Department hastily unveil billion-dollar relief programs for big corporations, small businesses and individuals, advocates say one critical sector has been overlooked — those tiny mom-and-pop shops that form the commercial backbone in impoverished and immigrant neighborhoods across the country.

 

Read full article: https://www.miamiherald.com/news/business/article241903521.html

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