Although business ownership may not be the primary way that most individuals and families build wealth in the United States, in any capitalist economy it’s a route that cannot be ignored. Especially when the rules of that economy have been set such that in the past two decades, much of the growth in income inequality
Archives: Resources
Making CRA Relevant for a Changing Financial Services Industry
This paper examines shifts in the market share of banks and nonbank financial institutions in important product markets. Banks are covered by the Community Reinvestment Act (CRA) which requires them to serve all communities, including low- and moderate-income (LMI) ones. Nonbanks, in contrast, do not have this obligation. NCRC
2021 Small Business Profile : California
Advocacy’s annual State Profiles provide a snapshot of each state’s small businesses. The profiles gather the latest federal economic data into state-by-state snapshots of small business health and economic activity. This year’s profiles focus on state small business dynamics and employment. They answer questions like: How many small businesses are in my state? How many people do small businesses
Linking Inclusive Finance with Inclusive Insurance in the United States Through Community Development Financial Institutions
Climate change is altering the frequency and magnitude of extreme weather events, disproportionately harming low- and moderate-income (LMI) communities. Small businesses and microenterprises play a critical economic role in these communities. These businesses are essential for disaster recovery, providing needed goods and services and reestablishing employment, and yet are themselves highly vulnerable to economic shocks,
Untangling the Personal and Professional
Entrepreneurship has historically been viewed as a pathway to economic opportunity and social mobility. While this remains true for many, more and more Americans are becoming entrepreneurs out of necessity. In Spring 2022, SaverLife, with the support of the Wells Fargo Foundation, launched a comprehensive marketing and outreach campaign to learn more about the self-employed.
2022 Otis College Report on the Creative Economy
The 2022 Otis College Report on the Creative Economy is part of an ongoing research project, first commissioned in 2007, to better understand the size, growth, structure, and character of the creative economy in California, with an emphasis on Los Angeles County CVL Economics
State of Entrepreneurship Report
The report includes Inland Empire key statistics and trends in entrepreneurship, an inventory and assessment of the region’s entrepreneurial ecosystem, and direct insight from over 1,000 entrepreneurs in the region. The report aims to give a voice to the experiences of local entrepreneurs so their needs may be taken into consideration by local policy makers
California Communities’ Broadband Needs and the Role of Financial Institutions
For this report, the California Reinvestment Coalition (CRC) analyzed findings from multiple surveys of our varied constituents. First, we conducted a survey of 13 large national banks about their investments in broadband access and adoption initiatives. Second, in partnership with The Greenlining Institute, we conducted an annual survey of our members, who are local organizations
California’s Digital Divide
Broadband access has been expanding steadily, but significant gaps persist. PPIC
Debunking Risk in Food System Lending
Food and agriculture-related businesses are often perceived as too risky for traditional lending approaches, yet CDFA research tells a different story. This report, with loan-level data from over a thousand funds nationwide, demonstrates that food system loans perform and that revolving loan funds can successfully support local food system borrowers in their communities. CDFA