Too Important to Fail: Minority-Owned Businesses Navigating COVID-19 and Beyond

May 27, 2020


On Wednesday, May 27, the Federal Reserve Bank of New York hosted a virtual forum on the COVID-19 pandemic's impact on small businesses and how community stakeholders and capital providers can support these firms.

The event was the second installment of the Federal Reserve Bank of New York's Fed and Main Street series, which convenes business, community development, nonprofit, and policy leaders to discuss the effects of the COVID-19 crisis and efforts to support the recovery. The latest event examined the challenges facing small businesses, including hurdles in accessing relief and assistance programs. The conversation also examined the disparate impact of these challenges on entrepreneurs and communities of color, as well as the role that non-traditional lenders and policymakers can play in broadening access to capital.

The event featured a panel discussion, moderated by Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, Federal Reserve Bank of New York.



An audio recording of the full webinar
Event Details

Date & Time
May 27, 2020
11:15am - 12:00pm

This event was open to members of the public including nonprofit organizations, foundations, chambers of commerce, federal and local officials, community development practitioners and researchers, banks, impact investors and other capital providers.

This event was open to the media. All remarks and panels were on-the-record, unless otherwise noted. Members of the press may contact Desmond Lee.


Visit our Community Resources on Coronavirus Hub for helpful resources and relevant research from the New York Fed on COVID-19.

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