Minority-Owned Business

Black businessman with short hair, a black shirt, and wearing glasses talks on the phone. He sits at a wooden desk with framed photos on the wall behind him.
By Lucas Misera
Half of businesses survive at least five years but many start on shaky financial footing. The Federal Reserve Small Business Credit Survey reveals unique funding challenges for startups owned by people of color.
Come In: Small Business sign
By Emily Ryder Perlmeter
How important are Community Financial Institutions to getting capital to underserved small businesses? Here's what we learned from the Paycheck Protection Program.
Black owned business sign on storefront
By Gabriella Chiarenza
Automated underwriting processes used by some lenders may have reduced racial disparities in accessing the Paycheck Protection Program.
Two women stand behind a wooden coffee shop counter
By Mary Godleski-Cantin
Get to know how communities across the US are planning for an inclusive and resilient Main Street economic recovery.
Grand Opening, Frogtown Square, 2011
By Jennifer Wilding
Experience Investment Connection—from pitch to impact—with small business owners, community organizers, and bankers, and the Federal Reserve community development experts bringing them together.
Cheryl Thomas, founder of C's Daycare
By Kierra Karemani
Banks partner with a community non-profit to help a small business owner upgrade and expand her child care facility.
Entrepreneur stands outside holding open sign
By Dell Gines
Corporate diversity programs often talk about helping people "get invited to the party and also dance." However, entrepreneurs want to "start their own parties" and equitably. Here's how communities can support them.
Perspectives from Main Street
By Nishesh Chalise, Violeta Gutkowski
The spread of COVID-19 and the many efforts to slow it are impacting communities throughout the nation. To best respond to this crisis, information is needed about the scope and scale of challenges in various communities. This report offers findings of a survey designed to collect information on the effects of COVID-19 on low- to moderate-income people and communities and the entities serving them. The survey was fielded by eight national partners and the Federal Reserve System's community development function.
Aquatic Therapy of Chinatown, Philadelphia, PA
By Kierra Karemani
CDFI helps two business owners in Philadelphia's Chinatown find a lifeline, and a partner, right in their own backyard.
Woman at her work desk with basketball
By Dell Gines
Like basketball players, entrepreneurs need a strong system of support to maximize their potential. Here are the six parts of a healthy entrepreneurship ecosystem.