We look at credit conditions, including access to credit, and the general health of businesses in the district.
Among the pandemic’s most impacted firms were the smallest businesses—nonemployer firms—which are businesses with no employees other than the owner(s). This report focuses on the experiences of nonemployer firms in the months leading up to the pandemic and the first six months of the crisis. Read More
Is specializing in an industry the way to economic success or the road to economic challenges for rural communities? It depends on the community’s resilience. Read More
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
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