The Impact of COVID-19 on Communities

cover page for this reportPerspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them

The Federal Reserve System

First published April 2020

The spread of the coronavirus (COVID-19) and the many efforts to slow it are impacting communities across the nation. In order to best respond to this crisis, information is needed about the scope and scale of challenges in various communities. This report offers findings of a survey designed to collect information on the effects of COVID-19 on communities and the entities serving them. It was fielded by all 12 Reserve Banks and the Board of Governors of the Federal Reserve System1 between April 8 and April 10, 2020, and resulted in 3,899 responses. Responses were collected through a convenience sampling method that relied on Reserve Bank and Board of Governors stakeholder contact databases to identify representatives of nonprofit organizations, financial institutions, government agencies and other community organizations. These representatives were invited by email to participate in an online survey.

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