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Black Businesses / Economy Woes #482929

NBC Evening News for Tuesday, May 27, 1975
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(Studio) Blacks who own own business in serious economy trouble. Black research group reports 18% of black businesses in United States failed last year
REPORTER: John Chancellor

(Chicago, Illinois) Most black businesses "ma and pa" types. [Leroy VAUGHN - explains reasons his business failed.] Joe Louis Milk Company small and must sell milk for higher price than white-owned companies [Business analyst Benjamin DUSTER - says smaller companies' initial costs high, forcing selling price up; competitiveness affected.] Small Business Administration offers help to black businessmen, but unless economy improves, black business to continue to be first to go.
REPORTER: Mike Jackson

Chancellor, John;
Jackson, Mike

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