A Federal Reserve System report shows the scope and scale of challenges U.S. communities are facing amid the pandemic. It offers findings of a survey designed to collect information on the effects of COVID-19 on communities and the entities serving them; the survey was fielded by all 12 Reserve Banks and the Board of Governors.
Read "Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them".
Small businesses are crucial to the nation’s economy. They employ almost half of U.S. workers, and are important sources of employment and wealth-building, particularly for minority communities. The number of minority-owned businesses has grown rapidly in recent years, which means that their well-being and ability to access financing is increasingly important to fostering economic opportunity and broader economic growth.
The Federal Reserve Bank of Atlanta has released the Small Business Credit Survey: 2019 Report on Minority-Owned Firms. The report examines the state of minority-owned businesses, offering insights on their performance, access to financing and experiences in the credit market.
You can read the Report on Minority-Owned Firms here.
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The Connecting Communities® webinar series is a Federal Reserve System initiative intended to provide a national audience with timely insights and information on emerging and important community and economic development topics.
