Community Investment Explorer: Memphis

Community Investment Explorer (CIE) is an interactive tool for examining the distribution of community and economic development capital. Use the dropdowns on the map below to filter data. Hover over an area to view additional information.

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Community and Economic Development Capital in Memphis

  • U.S. Small Business Administration 7(a) lending decreased more rapidly in low- and moderate-income (LMI) neighborhoods than in middle- and upper-income areas, indicating that lenders participating in this program became a less dependable source of capital for small businesses located in LMI communities.
  • Community Development Financial Institution (CDFI) lending grew steadily from 2018 to 2022, increasing 166% after adjusting for inflation. By 2022, CDFI lending had surpassed Community Reinvestment Act (CRA) Small Business Lending, becoming the metro area’s largest source of community and economic development capital among the nine programs included in CIE.
  • New Markets Tax Credit investment was up and down between 2018 and 2022. However, in 2022, it remained 53% above its 2018 level, adjusted for inflation.

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About CIE Data Sources Definitions

For questions about CIE, email Mike Eggleston. For media inquiries, please contact mediainquiries@stls.frb.org.

Cite CIE

Please use the following to cite estimates or figures from this tool: Federal Reserve Bank of St. Louis, Community Investment Explorer, https://www.stlouisfed.org/community-development/data-tools/community-investment-explorer, accessed on [date].