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Join Public Briefing on New Research on Small Business Lending: Fresno and Minneapolis - St. Paul Regions

Date: 
Thursday, November 2, 2017 - 11:00am

Join Woodstock Institute for a public briefing on small business lending: Patterns of Disparity: Small Business Lending in Fresno and Minneapolis- St. Paul Regions. The public briefing will take place at 11AM to noon (CST) Thursday, November 2, 2017, via phone.

Event type: 

New Interactive Map & Data Compendium Provides Years of Data

Woodstock Institute has a proud history of standing up against financial injustice and supporting lower-wealth communities and marginalized consumers. The interactive map highlights some of the economic disparities in Illinois. For example, Cook County has one of the higher median incomes, but it also has one of the highest poverty levels at 9.6 percent. The map allows users to further track income inequality trends at the census tract level.

 

New foreclosure filings in Chicago region continue to drop, now at pre-recession levels

New foreclosure filings, which are the first step in the foreclosure process, dropped to the lowest level since 2007 following months of sustained year-over-year declines, data from Woodstock Institute show. Foreclosure filings in the Chicago six county region decreased by nearly 40 percent from the first half of 2013 to the first half of 2014. Foreclosure auctions, which signify the completion of the foreclosure process, declined at a less dramatic pace, dropping just 16.7 percent over the same time period. 

Study: Businesses In Low-Income, Majority Minority Areas Struggle To Access Credit (Progress Illinois)

On average, about two of every seven businesses in low-income, majority minority areas received small business loans—including business credit cards, lines of credit, and traditional loans of under $1 million—from large financial institutions with assets of more than $1 billion, according to the report, “Dis-Credited: Disparate Access to Credit for Businesses in the Chicago Six County Region.”

An on-the-ground view of the business credit gap

Written by Idaima Robles, Accion Chicago on August 28, 2014 - 10:38am

As a lending team manager for micro-lender Accion Chicago, I’ve met the people behind the statistics in the study: hard-working, entrepreneurial people who have the potential to generate jobs for their neighborhood, but struggle to find access to credit in a marketplace that favors bigger borrowers with fancier addresses.

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