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Addressing the financing needs of small businesses in the Seventh Federal Reserve District

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  • Jeremiah P. Boyle

Abstract

Addressing the Financing Needs of Small Businesses is a Federal Reserve System initiative designed to inform policymakers on the issues that restrict the flow of credit and opportunities to improve the flow of credit to small businesses. A widely held view among policymakers and other observers is that economic recovery and prospects for job growth will falter if small businesses cannot meet payroll, pay suppliers and invest in innovation and expansion. ; As part of this national initiative, the Community Development division of the Federal Reserve Bank of Chicago held meetings in Davenport, Iowa; Indianapolis, Indiana; Milwaukee, Wisconsin; Detroit, Michigan; and Chicago, Illinois. These meetings highlighted the challenges banks face in providing credit to small businesses and the challenges that small businesses face in financing their operations and investing in future growth.

Suggested Citation

  • Jeremiah P. Boyle, 2010. "Addressing the financing needs of small businesses in the Seventh Federal Reserve District," Profitwise, Federal Reserve Bank of Chicago, issue Dec, pages 2-22.
    • Handle: RePEc:fip:fedhpw:y:2010:i:dec:p:2-22
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2010/PNV_Dec2010_ReEd_FINAL_web.pdf
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