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“COVID-19 struck a nation that was already mostly struggling,” Jesse Van Tol, CEO of NCRC, said in a news release. “Recovery in most places will be even more challenging than in those where investment was already concentrated. There is no doubt that the protests that have erupted nationwide are at least in part motivated by the nation’s long history of racial economic inequality.”

“It’s a combination of economic activity, land use and geography,” said NCRC director of research Jason Richardson. The nonprofit coalition advocates for private reinvestment in underserved communities.

Black-owned businesses get turned down for loans at a rate more than twice as high as White-owned businesses, according to data from the Federal Reserve. Even with similar credit scores and pedigrees, the National Community Reinvestment Coalition found that Black borrowers were 8% less likely to receive loan approval.