Litespeed On Monday, a brand new research highlighted Covid-19 pandemic strain on LGBTQ + companies, particularly Homosexual Village companies in North America.
The purpose of this study, commissioned by Carleton University’s Splot Business School with the support of the LGBT + Chamber of Commerce (CGLCC) in Canada, is to collect real-world data and describe the true impact of Covid-19 on it. It is to support some assumptions. community.
According to qualitative data collected from the survey, gay villages showed disproportionate amounts of closures, over-the-counter rides, and higher rents compared to other LGBTQ + -led business communities.
According to Statistics Canada, the types of businesses in the village are primarily retail stores, restaurants, bars and entertainment, which were the hardest hit during the pandemic. The study also found that Canada lags behind the United States in approving priority spending, procurement and relief funds for LGBTQ + projects.
As of January 2021, the city of New York recognized LGBTQ-owned businesses as minority-owned businesses, with access to consulting, mentorship, education programs and other resources, as well as billions of city contracts. It became a target. In Canada, on the other hand, the federal government is lagging behind in recognizing LGBTQ + business communities within the same category and cannot benefit from government funding.
“Lightspeed was founded in 2005 in Gay Village, Montreal, and its original members were all part of the LGBTQ + community. Our business spirit has always been diversity and inclusiveness from the beginning. Not surprisingly, this study was of particular importance to us, “said Dax Dasilva, Founder and CEO of Lightspeed.
“In both the United States and Canada, majority-owned LGBTQ + businesses make trillions of dollars in overall GDP. Given its importance and economic impact, how pandemics have affected this community. I wanted to understand exactly what it was and start the conversation. We will work with companies and the Chamber of Commerce to help build better tools for resilience. “
The exploratory research focused on companies in six North American cities: Toronto, Montreal, Vancouver, San Francisco, New York, and Los Angeles.The study consisted of Both Surveys and interviews.
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