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Small Business
Recent Articles
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Equality Is Not Enough: Reflections on the Paycheck Protection Program
Our society often designs and implements policies that prioritize equality, but prioritizing equity or justice would better address the disparities between racial groups. Read More
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An Uphill Battle: COVID-19’s Outsized Toll on Minority-Owned Firms
Data suggest that minority-owned small businesses have been disproportionately impacted by the pandemic. This report considers various data sources and examines possible explanations for race-level differences in COVID-19’s impact on businesses. Read More
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Partnership Connects Pittsburgh’s Small Businesses to Paycheck Protection Program Funds
Community partnerships are essential for local responsiveness during a crisis. Just one such Pittsburgh partnership led to saving more than 100 jobs and securing more than $1.3 million in PPP funds. Read More
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Community Support Gives Small Businesses Strength in College Hill, Ohio
Through investment in its community, one organization is helping its business district remain a local economic driver—even during a pandemic. Read More
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Small Business Credit Survey 2020 Report on Employer Firms
The Federal Reserve Banks’ Small Business Credit Survey 2020 Report on Employer Firms examines findings of a national survey of small business owners fielded in late 2019. As policymakers implement programs to help small businesses weather the effects of the COVID-19 outbreak, this report provides important baseline data on small firms’ performance, financing positions, and relationships with lending institutions prior to the onset of the crisis. Read More