New Study Show Minority-Owned Small Businesses Hit Hardest In Pandemic

President Biden is changing the rules when it comes to the Paycheck Protection Program in an effort to reach minority and very small businesses not included in previous rounds of aid. Beginning on Wednesday, small businesses with fewer than 20 employees will have a two-week exclusive window to apply for PPP funding. Bigger businesses will be blocked during that time period. Rhett Buttle, Founder of Public Private Strategies and National Business Advisor to the Biden for President campaign breaks down some of the most noticeable changes to the new PPP rules that the Biden administration announced on Monday.

Dream Exchange, the first ever minority-owned stock exchange has launched to help give small and medium sized businesses a boost in the early stages of their development. The goal of Dream Exchange is help the marketplace become more diverse.

Lisa McKnight, global head of Barbie and dolls, spoke to Cheddar about how Mattel's success during COVID-19 rested on its classic toy brands like Barbie, Fisher-Price, and Hot Wheels.