Heard on the Street – here’s what we were reading last week:
Federal Reserve Bank of New York: Demand for Small Dollar Business Loans is High But Key Sectors Struggle to Secure Bank Financing: The Federal Reserve Bank of New York has published a presentation on Small Business Credit. The document indicates that small business optimism is near a 15 year high and demand for small-dollar loans (under $1 million) is robust yet these same small dollars loans have “grown sluggishly.”
New York City Credit Program Aims to Help Female Entrepreneurs: Female entrepreneurs are more likely than their male counterparts to see their loan applications rejected or underfunded, and New York City is launching a program to close the gap. The Department of Small Business Services’ $5 million program will offer lines of credit up to $100,000 at about 12% interest to women-owned businesses.
PitchBook-All Raise All In: Women in the VC Ecosystem: PitchBook and All Raise released a new report – “All Raise: Women in the VC Ecosystem” highlighting global and US-focused trends surrounding female-founded companies and female-led VC funds throughout the last decade, and highlighting the progress in garnering investment for female-founded startups that has been made in recent years.
How A Long-Ago Map Created Racial Boundaries That Still Define Boston: In the 1950s and ’60s, Roxbury became a neighborhood inhabited almost exclusively by people of color. That segregation happened not only in Boston, but urban areas across the country. And it was intentional. A nationally-touring exhibit called “Undesign the Redline,” created by the New York City-based firm Designing the WE, aims to explain the history of redlining across the country.