Small business technical assistance - Data/Research
The second issue of Community Scope 2016 examines the patterns in geographic service provision by respondent CDFIs in urban, rural, low- and moderate-income (LMI), underserved and distressed markets and areas.
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.
Missed the live webcast? Presentation slides and videos are now available from “Community Banking in the 21st Century,” the third annual community banking research and policy conference, hosted by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). Also available from the conference is a report that details conditions facing today's community bankers. Speakers and moderators of the event, held in St. Louis Sept. 30 - Oct. 1, 2015, included: Fed Chair Janet Yellen; Fed Governor Lael Brainard; St. Louis Fed President James Bullard; CSBS Chairman/Massachusetts Commissioner of Banks David Cotney; CSBS President and CEO John Ryan; and Houston Astros President of Business Operations Reid Ryan, founding investor and board member, R Bank and R Corp Financial, Round Rock, Texas.
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.
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.
Alternative Lending through the Eyes of “Mom and Pop” Small-Business Owners: Findings from Online Focus Groups
The online alternative lending industry holds promise for expanding access to credit for small businesses. But it also poses potential risks, as the small-dollar credit products offered by alternative lenders can be considerably more expensive than traditional credit. To gauge small-business owners’ perceptions and understanding of online alternative lenders and their product offerings, two Federal Reserve researchers conducted online focus groups with 44 “mom and pop” businesses in a wide range of industries and from across the United States. This report details their findings.
The Dallas Fed provides the results of its second annual Texas Small Business Needs Assessment Poll, conducted in partnership with the Texas Small Business Development Center Network. Over 1,400 micro- and small businesses reported on firm size, performance, financing and employee skills gaps, revealing overall optimism about business performance.
An important way for small businesses to access capital is through connections via owners' resource networks. In this 2014 special edition of ProfitWise News and Views, from the Chicago Fed, you'll read findings from a poll of black small business owners in metropolitan Detroit who participated in a survey that gauged resource needs, and the perceived value and degree of access to formal and informal networks designed to assist business owners.
Small businesses employ half of the nation’s private sector workers, and in recent decades have created two-thirds of net new jobs. Yet, unlike large firms, which rebounded relatively quickly from the Great Recession, the pace of recovery for small firms has been slower and more uneven. In late 2014 the Federal Reserve Banks of New York, Atlanta, Cleveland, and Philadelphia conducted a joint survey of small businesses; responses from a 10-state area provide insight into the dynamics behind aggregate lending trends and shed light on noteworthy segments of the small business credit market, including small-dollar borrowers.
The Small Business Financial Health Initiative is a joint project of the Community Development divisions of the Federal Reserve Banks of Chicago and San Francisco, Pepperdine University Capital Markets Project and FundWell, Inc. The purpose of the initiative is to raise awareness about small business financial health, in order to highlight policies, investments, financial and technical assistance resources needed to help small businesses achieve their goals. This report presents the results and findings from a Financial Health Business Survey that was administered in 2013 and initiates a discussion around the factors that drive the sustainability and growth of small enterprises.