A new poll finds that Black small business leaders in Massachusetts disproportionately report being rejected when applying for financing.
The MassINC Polling Group conducted the multilingual survey of 1,818 small business leaders in the state over February and March. The survey was sponsored by the Coalition for an Equitable Economy, with sponsorship from the Mass Growth Capital Corporation and Eastern Bank Foundation.
The survey found that while getting access to capital was an outsized priority for Black- and Latino-owned businesses, 47 percent of white-owned businesses got all the capital they applied for compared to 35 percent of Asian-owned firms, 34 percent of Latino-owned firms and 31 percent of Black-owned firms.
In addition, 42 percent of Black small business leaders reported being rejected when applying for loans or other non-grant types of financing compared to 27 percent of Asian small business leaders, 25 percent of white small business leaders and 24 percent of Latino small business leaders.
What else is on tap today?
- NAR Settlement Advances: The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
- Pru Gets a Workout: A high-end fitness club that operates five suburban locations in Massachusetts will expand into Boston’s Prudential Center mall.
- Uniqlo’s New Store: Clothing chain Uniqlo will mark the opening of its fourth Greater Boston store this week with a series of promotions in partnership with local institutions including the Museum of Fine Arts.
- No Marshfield Lawsuit Right Away: Marshfield appears unlikely to draw a state lawsuit right away after its Town Meeting on Monday rejected a plan that would have complied with new MBTA Communities zoning requirements.
Show me the data!
These are the top 10 existing, recent single-family home sales in Essex County.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Columnist Lew Sichelman weighs in with advice on how to get a custom-built home the easy way.
- Research suggests consumers view a little bit of virtue language as reasonable and trustworthy. Higher levels of virtue signaling, however, can come across as dishonest.
- Boston-based developer The Davis Cos. hired architects Fogarty Finger to redesign its longtime headquarters overlooking the Rose Kennedy Greenway in the firm’s first project in Boston.
