Recently I participated in a national event hosted by the Board of Governors as part of the Federal Reserve's efforts to address small business financing needs. The System convened key stakeholders to share their perspectives on the needs of small businesses. Prior to hosting this conference, local events were held throughout the country to identify credit gaps in small business financing, gather information on regional differences in access to credit, and identify best practices that can be replicated in other markets.
The St. Louis Fed's Community Development department conducted four of the local meetings in our district—in Missouri, Arkansas, Tennessee and Kentucky—but the key takeaways from the meetings were similar:
Our Community Development team continues to work with stakeholders and community leaders to address these issues locally. This edition of Bridges highlights additional efforts to identify issues and solutions for both small businesses and the commercial real estate market.
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FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.