“Cataclysmic” impact of pandemic on minority-owned small businesses

A Color of Change and UnidosUS survey found that 51% of Black and Latinx small business owners who sought assistance during the pandemic requested less than $20,000 in temporary federal funding. Only 12% said they received the amount they requested. CBS News campaign reporter LaCrai Mitchell speaks with North Carolina business owner Shalisha Morgan and Marc Bayard, director of the Institute for Policy Studies’ Black Worker Initiative, about systemic inequities that block these businesses from accessing capital.