New Report Finds 60% Drop in Small Business Lending

  A report by the California Reinvestment Coalition found that California’s small businesses are struggling because the nation’s largest banks, who severely restricted small business lending in 2008, continued this trend through 2013, cutting off access to credit. Small businesses normally create two out of every three new jobs in our country but, without bank lending[…]

Local Investing – a Powerful Tool for Effective Economic Development

By Marco Vangelisti With the economic slump well into its sixth year and unemployment still significantly higher than at its inception in 2007, it is understandable that the priority of elected officials is job creation. States, counties and municipalities, while dealing with budget deficits, have been competing with each other to attract jobs in their[…]