Economic Inequities and Opportunities
A Look at the Impact of the Current Recession and 217 Black Business Month
Webinar: Friday, August 28 (12 PM - 1:00 PM)
Real Gross Domestic Product (GDP) dropped 32.9% in the US during the 2nd quarter. In July, unemployment rates in US and Illinois were 10.2% and 11.3% respectively. Meanwhile, the US equity market recovered its losses from the beginning of the pandemic.
Significant economic inequalities existed across our community and country before COVID-19. The impact of the pandemic seems to be widening the gap. While we are pinning our hopes on a quick economic recovery, we could see this gap widen even further during the recovery. Earlier reports showed roughly 21% of all US small businesses closed during March and April. During that same time period, 41% of Black-owned businesses closed.
Dr. Kriz will share new data and understanding of the overall economic condition in the state and region focusing on the unequal impact of the current recession across the Springfield area. Celebrating 217 Black Business Month, Dominic Watson, Dr. Gina Lathan and Kevin Lust will talk about the challenges, successes, opportunities and resources available to help grow local Black-owned businesses in Springfield.
- Brief Updates
- Current Economic Conditions and the Unequal Impact of the Current Recession
- Local Opportunities and Resources for Black-Owned Businesses - 217 Black Businesses Month
12:45 PM Q&A
1:00 PM Adjourn
Register Now! This webinar is free and open to the public.
Meeting ID: 939 7298 4635
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Dominic E. Watson is president of the Springfield Black Chamber of Commerce and labor lobbyist for the American Federation of State, County and Municipal Employees (AFSCME). Watson has spent more than a decade emphasizing the importance of revitalizing the community, through economic empowerment and civic engagement. What distinguishes him apart from others in his fields of expertise are his passion and knowledge of all things community.
Gina Lathan, PhD, MPH, is the President of Route History, Inc. and has over 25 years of experience as a senior administrator in the public sector and as an entrepreneur. She has expertise in public health, social justice and community capacity development. Dr. Lathan has served in several advisory roles on international and local travel and tourism committees, successfully led numerous international projects and conducted speaking engagements.
Kenneth Kriz, PhD, is University Distinguished Professor at the University of Illinois at Springfield. Dr. Kriz has published more than 40 journal articles and book chapters along with a textbook on quantitative research methods in public administration. He was a Fulbright Scholar in the Republic of Estonia during academic year 2004-05 and a Fulbright Senior Specialist in the Czech Republic in 2008. He holds a PhD in Public Affairs from Indiana University.
Kevin Lust is the Director of the Illinois Small Business Development Center at Lincoln Land College. He is also the President at Lust Development Group, an organization dedicated to helping people live their lives more effectively--personally as well as professionally. Kevin is a professional speaker and trainer who has delivered more than 1,900 presentations in 16 countries on four continents.
Thank you for your interest in these webinars. Recordings and slides from the past webinars can be found at https://go.uis.edu/Webinars.