NAACP Economic Department

Our friends at Economic Policy Institute break down why we still need the $600 unemployment benefit. Watch below!

Why we still need the $600 unemployment benefit Today, more than one in five workers are receiving unemployment insurance or have applied and are waiting for it. They rely on the crucial $600/week benefit ...

Dems proposed the HEROES Act, Reps proposed the HEALS Act. Here are some contrasting points and important dates you need to know about stimulus checks, unemployment, COVID Testing, and more that's in the proposed Acts.

New Stimulus Package Announced: $1,200 Second Stimulus Checks, Unemployment Benefits, Student Loan Relief, PPP Loans, School Opening, Coronavirus Testing It's finally here: $1,200 stimulus checks.

Last week the Paycheck Protection Program (PPP) deadline was extended from June 30 to August 8, 2020. From an overview of the process to auditing, here's what you should know:

PPP Loan Program Extended; Loan Data Released: What Small Businesses Need To Know A new law extends the application for applying for a Paycheck Protection Program loan until August 8. Get the most up-to-date information about common questions on PPP loans and forgiveness.

Black workers are less likely to have paid sick days and less likely to be able to work from home than white workers - Fewer than one in five black workers in the pre-pandemic economy were able to work from home. This inability to keep their jobs and stay safe makes it even harder for black workers to maintain economic and health security during this difficult time. Learn more from Economic Policy Institute's report

Black workers face two of the most lethal preexisting conditions for coronavirus—racism and economic inequality “We’re all in this together” has become a rallying cry during the coronavirus pandemic. While it is true that COVID-19 has affected everyone in some way, the magnitude and nature of the impact has been anything but universal. Evidence to date suggests that black workers face much more economic...

On this , we're reminded of the Black spending power and it's economic impact. According to a 2019 Nielson report, "at 47.8 million strong and a buying power that’s on par with many countries’ gross domestic products, African Americans continue to outpace spending nationally."

We encourage you, your branch, state conference, and community to not spend any money today. If you must, here are a list of outlets where you can support a Black owned businesses in your community:

Official Black Wall Street: Not only is it an app, but it has an expansive directory where you can choose services of your interest, state-by-state.
https://officialblackwallstreet.com/directory/

Buy from a Black Woman: This directory highlights companies owned by Black women with over 10 industries to choose from! They also provide educational programs for Black businesswomen.
https://www.buyfromablackwomandirectory.org/

Black Enterprise's Largest Black Owned Businesses: This listing is comprised of their top 100 companies, successful franchises within the automotive industry, and financial services
https://www.blackenterprise.com/be100s/

Shoppe Black: This is a digital outlet that features Black businesses and their stories across the world.
https://shoppeblack.us/

We came up with a set of economic policies around what needs to change in these cities that would impact African American communities. We were able to use research, data gathering, data analysis and community input to uncover and amplify the current economic conditions that result in the disparities. - Learn more from our Twin Cities Economic Inclusion Plan here:https://www.naacp.org/wp-content/uploads/2019/12/EconomicInclusionPlanTwinCities-3.pdf

TODAY at 1 PM ET/ 10 AM PT: Episode 6: African American and the . This discussion will dissect how Black essential workers are coping with . We will share the event via Facebook Live.

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