Diddy has launched OURFAIRSHARE.com “to help minority entrepreneurs and small businesses access much-needed capital amid the economic devastation brought by COVID-19.”
The launch of this program comes after the first round of paychecks that citizens have received to help during these difficult times. “The PPP (Paycheck Protection Program) loan is approximately equal to 2.5 times the business’ average monthly payroll costs.” PPP dollars “disproportionately went to those with the right connections, rather than the greatest needs.” The group says.
“COVID-19 is devastating our communities…without access to funding, we risk losing critical businesses that create jobs and help build opportunities and wealth in our communities.” Diddy said. The OFS has also partnered up with the National Bankers Association. Hopefully we will start to see more and more celebrities contribute and use their free-time in non-selfish ways, hopefully everyone will remember, these times are affecting…every single person.