Journal Article

Mapping the recovery: sentiment survey of small Business intermediaries in Chicago

Abstract: The Community Development and Policy Studies (CDPS) division of the Federal Reserve Bank of Chicago distributed a poll to small business intermediaries in the fourth quarter of 2012 to ask about their perceptions of small business conditions in their neighborhoods. The purpose of this poll was to get a better understanding of the small business climate in diverse neighborhoods of the city of Chicago. It was designed to capture perspectives at the neighborhood level, perspectives that are not observable in aggregated data. The results show an array of opinions about the small business climate in neighborhoods across the city, and perceptions of relative community resilience and vulnerability. ; The poll focused on the pre- and post-recession experiences of businesses in order to understand the impact the recession had on city neighborhoods, and how well they have recovered. Respondents were asked about the business sentiment and factors impacting the business climate in their communities prior to the recession compared to the post-recession period. The respondents comprised nonprofit organizations that provide technical assistance to (general business advice) and links to sources of capital for small businesses, as well as local market oriented business attraction and retention services.

Keywords: Small business;

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Profitwise

Publication Date: 2013

Issue: Aug