Business
New Lightspeed study sheds light on impact of COVID-19 on LGBTQ+ businesses in North America
New Lightspeed study sheds light on impact of COVID-19 on LGBTQ+ businesses in North Amer...
About this update from Lightspeed Commerce Inc
[{"type":"text","content":"\n \n \n \n New Lightspeed study sheds light on impact of COVID-19 on LGBTQ+ businesses in North America\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Study finds that gay villages have seen a disproportionate amount of closures, boarded up storefronts and high rents compared to the rest of the LGBTQ+ business community.\n \n \n \n \n \n \n Women entrepreneurs and business owners are significantly underrepresented in LGBTQ+ businesses with greater attention needed to develop more opportunities and support for intersectionality amongst the community.\n \n \n \n \n \n \n \n Canada\n \n is lagging behind the US in recognizing LGBTQ+ businesses as a minority group for preferential spending, procurement and relief funds.\n \n \n \n \n \n MONTRÉAL,\n \n July 12, 2021\n \n /CNW Telbec/ -\n \n Lightspeed\n \n (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, today announced the results of a study on the impacts of COVID-19 on the LGBTQ+ North American business community.\n \n \n \n \n \n \n \n \n \n Lightspeed commissioned the exploratory study to\n \n Carleton University's\n \n \n Sprott School\n \n of Business along with the support from\n \n Canada's\n \n LGBT+ Chamber of Commerce (CGLCC).This study is part of Lightspeed's overarching\n \n Community through Commerce\n \n initiative, which serves as a tactical, data-driven approach to better understand the businesses Lightspeed powers with its one-stop commerce platform. As such, Lightspeed sought to gather actual data that would support some of the assumptions made about the true impacts of COVID-19 on this community. As a next step in this initiative, Lightspeed will engage with local North American LGBTQ+ Chambers of Commerce to identify ways of helping merchants continue to build thriving businesses.\n \n \n Lightspeed's inaugural Global Diversity and Inclusion survey revealed that 16.81% of its global employees identify as LGBTQ+ and 9 out of 10 report that they fe...