An equitable recovery for small businesses in the wake of devastating economic impact from the COVID-19 pandemic presents an imperative and an opportunity. While the Paycheck Protection Program (PPP) proved essential for most businesses that received this relief funding, Black- and Hispanic-owned businesses were less likely to get PPP loans. Recent analysis by the Federal Reserve Bank of New York found that although technology-enabled lenders represented a relatively small share of all PPP loans, these lenders played a critical role in serving business owners of color and businesses that needed relatively small loans.
Join AARP and Reimagine Main Street, in partnership with the Federal Reserve Bank of New York, for an upcoming virtual event.
We hope you can join us for this critical conversation about what lessons can be drawn from the PPP to advance more equitable lending to Black, Hispanic, and older small business owners.
Moderators:
Speakers & Panelists:
Earlier this year, the Federal Reserve Bank of New York published new research on how the Paycheck Protection Program (PPP) was distributed. Be sure to check out the research below in advance of the event!
Earlier this year, the Federal Reserve Bank of New York published new research on how the Paycheck Protection Program (PPP) was distributed. Be sure to check out the research below in advance of the event!
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age.
Reimagine Main Street, a project of the Public Private Strategies Institute, is a multi-stakeholder, cross-sector initiative focused on ensuring an equitable recovery from the COVID-19 crisis for small businesses and their workers.
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age.
Reimagine Main Street, a project of the Public Private Strategies Institute, is a multi-stakeholder, cross-sector initiative focused on ensuring an equitable recovery from the COVID-19 crisis for small businesses and their workers.
The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems.
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