Small businesses of color are important contributors to the national economy. The Atlanta and Kansas City Feds recently published the Small Businesses of Color Recovery Guide to help support these firms’ economic recovery. This Partners Update article provides an overview of this comprehensive guide.
Social distancing policies, mandatory business shutdowns, and shelter-in-place orders due to COVID-19 have left many small business owners vulnerable to permanent closure. Partners Update gives an overview of the state of southeastern small businesses before and during the COVID-19 pandemic.
The Federal Reserve's Small Business Credit Survey: 2019 Report on Minority-Owned Firms examines the state of minority-owned businesses, offering insights on their performance, access to financing, and experiences in the credit market. Partners Update highlights key findings from the report.
Anchor institutions such as universities and hospitals can help drive inclusive economic development in their communities. The author examines efforts to launch anchor institution strategies in New Orleans, Atlanta, and the Miami area.
What are the current trends in female entrepreneurship? Alicia Robb, senior research fellow at the Ewing Marion Kauffman Foundation, discusses recent data on women-owned firms and the challenges and opportunities in expanding this sector.
Small minority businesses typically pay higher interest rates and receive smaller loans than nonminority-owned firms of similar age and size. Tim Bates, professor of economics at Wayne State University, explores ideas to increase access to capital so minority companies can create jobs and expand.
Minority-owned small businesses make significant contributions to the U.S. economy, but there are still distinct disparities in business performance between minority-owned firms and nonminority-owned firms. Dr. Robert Fairlie, professor of applied economics and finance at the University of California Santa Cruz, discusses how minority-owned small businesses have fared in difficult economic conditions and policy options to address these challenges.