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George Floyd's murder, one year ago today, and the subsequent surge of support for Black-owned small businesses "had an unprecedented impact," according to Shelly Bell, CEO of Black Girl Ventures.

Axios Re:Cap speaks with Bell in the second of a six-part series, America's Business Comeback, about what 2020 meant for Black-owned small businesses and where things stand now. We also share the first of our conversations with proprietors of some of America's most iconic small businesses.

Go deeper

Dan Primack, author of Pro Rata
May 26, 2021 - Podcasts

Steven Mnuchin on the PPP's creation, controveries and legacy

As the U.S. economy stared into the pandemic abyss in March 2020, Congress passed a $2.2 trillion stimulus package that included the Paycheck Protection Program to quickly get forgivable loans to small businesses to keep workers on payrolls.

Axios Re:Cap digs into the formation and roll out of the PPP, from multi-day negotiations and late-night phone calls to estimates of how many businesses the program helped, with former Treasury Secretary Steven Mnuchin. Plus, a conversation about pandemic survival with Dayna Frank, CEO of legendary Minneapolis music club First Avenue.

In photos: Memorial events for George Floyd in U.S. and around the world

People cross the Brooklyn Bridge in New York City demanding police reform after a commemoration to honor the one-year mark of George Floyd's death on May 25. Photo: David Dee Delgado/Getty Images

People rallied in the U.S. and across the world to mark the first anniversary of George Floyd's death.

The big picture: Derek Chauvin, a white former Minneapolis police officer, was last month convicted of Floyd's May 25, 2020, murder. Floyd's killing triggered huge protests against police brutality and racism in the U.S. and around the world. Now, his family and civil rights leaders are calling on senators to pass the George Floyd Justice in Policing Act.

Dan Primack, author of Pro Rata
May 27, 2021 - Economy & Business

Mnuchin: We may never know how many jobs PPP loans saved

Illustration: Sarah Grillo/Axios

Former Treasury Secretary Steven Mnuchin says that we'll never really know how many jobs, or small businesses, were saved by the Paycheck Protection Program.

Why it matters: The SBA claimed last summer that the pandemic-promoted program, which provided forgivable loans to qualifying small businesses, saved 51 million jobs. Some academic studies put the number much lower, including one from MIT that put the figure closer to 3 million.