The poll, conducted by Chesapeake Beach Consulting for Small Business Majority, surveyed California small business owners between April 7 and 10, 2020. The survey sheds light on a shocking rate of business closures, as well as small business owners’ views on proposals that can help ensure they are able to reopen and recover once the crisis is over.
CDFI Friendly America: A White Paper Introducing the CDFI Friendly Strategy for Smaller Cities and Towns By Mark A. Pinsky & Adina Abramowitz First posted March 2020 The purpose of this White Paper is to introduce a new way for America’s small cities and towns to attract flexible, affordable financing to address gaps in markets
This handbook shines a spotlight on an emerging generation of practical, intelligent activists who are reinventing local financial systems. Even as they criticize capitalism, they are using – and mastering – its financial tools to solve local challenges. In the pages ahead you’ll find an emerging set of tools we call community investment funds. Our purpose and hope in preparing this guide is that you’ll consider creating one of these funds for your own community.
U.S. banks play an integral role as credit suppliers to small businesses. Small businesses comprise of nearly all employer firms in the economy and employ 47.3 percent of the private sector workforce (SBA Advocacy, 2019). The existence and performance of these vibrant businesses depend on how banks and other financial intermediaries are responding to their credit needs. This report uses publicly available data on U.S. banks to analyze the patterns in small business lending.
The Richmond Fed’s recent report, Community Development Financial Institutions (CDFIs) by the Numbers, provides findings from the 2019 Federal Reserve CDFI Survey. CDFIs are specialized financial institutions operating in markets that are underserved by traditional financial institutions.
Agri-FoodTech is an emerging category within the food startup universe with enormous potential to impact critical issues from climate change to food insecurity. More and more venture capital is being invested in the sector, but it’s not reaching one of the leading groups of entrepreneurs—female founders.
Better-qualified black and Hispanic testers who shopped for small business loans at Los Angeles area bank branches were treated worse than less qualified white testers, a new study found.
The study, from the National Community Reinvestment Coalition (NCRC), also found steep declines in government-backed lending to black business owners between 2008 and 2016.
This report explores ways business ownership can serve as a wealth-building tool for women, explains the systemic barriers impeding women’s ability to build wealth through business ownership, and suggests ways grant makers, policy advocates, and practitioners can intentionally promote wealth-building by entrepreneurial women through business ownership.
This report is based on research findings from focus groups and interviews. The focus groups were conducted with LMI individuals in Philadelphia, Chicago, Los Angeles and San Diego, and the interviews were done with policy experts, regulators and representatives from the financial services sector. In sharing their experiences with the financial system, we have identified common challenges encountered by LMI consumers of color, and offer recommendations to address on-going barriers to financial inclusion.
Small Business, Big Dreams profiles nine National CAPACD members that serve AAPI small business clients in low-income communities across the country. The work of these community-based organizations is critical to maintaining and promoting the vitality of AAPI neighborhoods. This report provides a more nuanced narrative about the challenges to wealth building through entrepreneurship in low-income AAPI communities.