Home Business Minneapolis’ business community is still reeling one year after George Floyd’s murder

Minneapolis’ business community is still reeling one year after George Floyd’s murder

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Local business leaders say rising crime and a divided state government have obstructed their city’s ongoing recovery from both the pandemic and the civil unrest that erupted following Floyd’s death. Business leaders also said the city’s uneven economic rebound has exacerbated its already troubling inequality, mirroring America’s K-shaped economic recovery.
Target (TGT), Walgreens (WBA), Cup Foods and other major corporations whose Minneapolis stores were burned, vandalized and looted last year have rebuilt, refurbished and reopened their locations. Some restaurant and retail chains have opted to permanently leave town, but it’s the city’s small business community that has struggled the most, in part because they lack state and federal government aid.
The local business community is counting on Congress to pass President Joe Biden’s American Rescue Plan Act to provide $500 million in funding to help the state’s recovery efforts, said Jonathan Weinhagen,…

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