Covid-19 caused a disproportionate number of Asian-owned businesses in Southern California to close their doors and fire staff, according to a UCLA study.
Out of the 400 Asian-run businesses surveyed, 60 percent reported a large negative effect from the pandemic, compared to just 40 percent of all California businesses surveyed by the U.S. Census Bureau’sAnd it’s not surprising, said Paul Ong, an author on the report and professor and researcher at UCLA who has been studying Asian communities throughout the pandemic.
The businesses that fared the best through the pandemic were those that managed to quickly transition their operations online, which was a struggle for owners who are older or lower-income. “Many Asian American entrepreneurs are immigrants,” he said. “They can speak English, they have some rudimentary command of English, but not necessarily at the level that one needs, particularly if the information is only supplied in English.”
Those who managed to find the aid and apply for it still received loans at a rate 11 percent lower than other businesses in the state. Ong said the pandemic has impacted Asian communities drastically, but he hopes not indelibly. Bouncing back from total loss is a slow process, though, and from what he can tell, many businesses are still struggling.
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