Young entrepreneurs are disproportionately suffering in the U.S. industries hardest hit by the coronavirus pandemic. LendingTree researchers found that 45% of businesses with owners younger than 25 years old are in industries with unemployment rates higher than the national average of 13% in May. That figure jumps to nearly 47% for business owners between the ages of 25 and 34. These hardest-hit sectors make up 40% of all businesses in the U.S. Many of these nonessential businesses closed their doors at some point in recent months to obey government mandates meant to limit the spread of the coronavirus. Most are reopening — as of this writing, about eight in 10 businesses in the U.S. are fully or partially open as local authorities ease restrictions. Key findings Young business owners operate in high-risk industries Asian business owners vulnerable to pandemic effects Methodology Key findings Across every industry, the majority of business owners are white and male — 85% of business...

Eighteen-year-old Kehlin “King” Farooq II had one wish for his birthday — to supply the masses with hand sanitizer. The aspiring engineer is the founder and creator of GermAtize , a hand sanitizer company located in Houston, TX. Farooq’s idea to create a hand sanitizer came about in 2019 after his mother, a pharmacist, began to have early conversations with her colleagues about the coronavirus. Not even a full calendar year later, COVID-19 has made its way to the United States, leading stores to quickly sell out of much-needed necessities, including hand sanitizer. Observing the lack of hand sanitizer, Farooq approached his dad and explained his idea of developing his own hand sanitizer product. His father reached out to a friend who owns a laboratory, and the rest is history. GermAtize is now a reality. According to its website, GermAtize is a hand sanitizer and soap that kills 99.9 percent of germs in 30 seconds or less. Check out how Farooq’s father took to his Twitter to spread...