One year after George Floyd's murder, Minneapolis' businesses are still reeling
CNN
It's been 365 days since George Floyd was murdered by a police officer on a Minneapolis street. Many of the city's residents and small business owners that serve them are still reeling from the fallout.
Local business leaders say rising crime and a divided state government have obstructed their city's ongoing recovery from both the pandemic and the civil unrest that erupted following Floyd's death. Business leaders also said the city's uneven economic rebound has exacerbated its already troubling inequality, mirroring America's K-shaped economic recovery. Target (CBDY), Walgreens (WBA), Cup Foods and other major corporations whose Minneapolis stores were burned, vandalized and looted last year have rebuilt, refurbished and reopened their locations. Some restaurant and retail chains have opted to permanently leave town, but it's the city's small business community that has struggled the most, in part because they lack state and federal government aid.
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