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Data/Research - Community Development Resources


How do Firms Respond to Hiring Difficulties?

Using data from the Federal Reserve Banks' 2017 Small Business Credit Survey (SBCS), this paper investigates the various ways in which different types of firms with less than 500 employees experience and address hiring difficulties, including when they decide to increase compensation.

The results provide insight for policymakers trying to understand the linkage between compensation, labor market tightness, and productivity. Further, the variation in hiring difficulties across firm industry, education requirement, and geographic location informs economic and workforce development practitioners and policymakers working to develop targeted interventions.

2016 Small Business Credit Survey: Report on Employer Firms

The 12 Federal Reserve Banks issued the 2016 Small Business Credit Survey: Report on Employer Firms, which examines the results of an annual survey of business conditions and the credit environment faced by small business owners who have full- or part-time employees. The survey gathered experiences from firms across all 50 states and the District of Columbia through the joint efforts of the Federal Reserve Banks of New York, Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, Philadelphia, Richmond, San Francisco and St. Louis.

Community Development Financial Institutions in the Southeast: Surveying the Social Investment Landscape

Volume 4, Issue 1 2016 of Community Scope uses the results of the 2015 survey to present timely key findings on CDFI activity in the Southeast, including capitalization, demand, capacity, non-lending programs and services, and impact investing.

Click, Submit: New Insights on Online Lender Applicants from the Small Business Credit Survey

How do small businesses that apply to online alternative lenders compare to those that apply to traditional financial institutions only? And in what ways do their experiences with lenders differ? This analysis from Cleveland Fed and Board of Governor analysts draws from data in the Federal Reserve’s 2015 Small Business Credit Survey to examine these questions.

2016 Texas Small Business Needs Assessment Poll Results

This Dallas Fed report, "Talent and Capital Concerns Temper Positive Outlook for Texas Small Businesses," provides results from the third annual Texas Small Business Needs Assessment Poll, conducted in partnership with the Texas Small Business Development Center Network. Over 1,500 micro- and small businesses reported on firm size, performance, financing and employee skills gaps.

Small Business Credit Survey

Small businesses’ access to credit is critical to their ability to establish, run and grow their operations. In late 2015 the Federal Reserve Banks of Atlanta, Boston, Cleveland, New York, Philadelphia, Richmond and St. Louis conducted a joint survey of small businesses; 5,420 responses from 3,459 employer firms in 26 states provide insight into the primary source of financing for small businesses and shed light on their business conditions, credit needs and borrowing experiences.

Bridging the Gap? Government Subsidized Lending and Access to Capital

The consequences of providing public funds to financial institutions remain controversial. In this 2012 working paper from the Cleveland Fed, researchers examine the Community Development Financial Institution (CDFI) Fund’s impact on credit union activity using U.S. Treasury data. They find that politics does not seem to play a role in allocating funding.

Rebuilding after Disaster Strikes: How Local Lenders Aid in the Recovery

Using detailed employment data on firm age and size, a Cleveland Fed researcher’s findings suggest that local lenders play an important and necessary role in job creation in the economy. Research economist Kristle Romero Cortes uses natural disasters and regulatory guidance to disentangle the effects of credit supply and demand in this 2014 working paper.

The Shifting Source of New Business Establishments and New Jobs

In this August 2014 Economic Commentary from the Cleveland Fed, a trio of researchers examined trends in new business formation, using the Census Bureau’s Business Dynamics Statistics database, and why the rate declined over a three-and-a-half-decade period. They found that while new firms have been forming at a slower pace over the previous 33 years and creating fewer jobs, there has been a simultaneous rise in the number of new establishments opened by existing businesses, which they call 'new outlets.' As the rate of new outlet formation has risen, so has the rate of job creation at new outlets.

The Great Recession’s Effect on Entrepreneurship

A March 2011 Economic Commentary from the Cleveland Fed found that the Great Recession was actually a time of considerable decline in entrepreneurial activity in the US.

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