Building Resilient Communities Takes a Network: Group Shares Success Stories, Resources, and Opportunities to Connect

Communities and regional partners in eastern Kentucky are joining forces—sharing resources, solutions, and stories of success—to promote a resilient economy. Read More  

Small Business Credit Survey 2021 Report on Firms Owned by People of Color

Firms owned by people of color reported more significant negative effects on business revenue, employment, and operations than their white counterparts. The pandemic only reinforced already-established disparities between white-owned firms and firms owned by people of color, such as weaker banking relationships, worse outcomes on credit applications, and a greater reliance on personal funds. Read More  

Feedback Appreciated: What Community Members Told Us about Modernizing the Community Reinvestment Act (CRA)

Discussions to share info and seek public comment on proposed changes to modernize the CRA revealed two things key for ensuring access to capital for all people and communities. Read More  

Small Business Credit Survey 2021 Report on Employer Firms

The Federal Reserve Banks’ Small Business Credit Survey 2021 Report on Employer Firms highlights the headwinds facing small firms as they navigate the impact of the COVID-19 pandemic. Most firms reported declines in revenues and employment in the 12 months prior to the survey, and a majority expect challenges to persist. Nearly one-third of firms say they’re unlikely to survive without additional government aid until sales recover. Read More  

The CRA Is Important for Underserved Communities, and Your Input Can Help Modernize It

The Fed is seeking to modernize the Community Reinvestment Act in a way that significantly expands financial inclusion, and you can have a say in how it’s done. Read More