Finance & Equity: Insights from the PPP on How Technology Might Help Better Serve Business Owners of Color

July 22, 2021

The Federal Reserve Bank of New York, AARP, and Reimagine Main Street held a virtual event, “Finance & Equity: Insights from PPP on How Technology Might Better Serve Business Owners of Color,” exploring how technology can improve small-business credit access for businesses owned by people of color.

The event built on a recent analysis by the Federal Reserve Bank of New York, which found that, although technology-enabled lenders represented a relatively small share of all PPP loans, these lenders played a critical role in serving business owners of color and businesses that needed relatively small loans.

Speakers included:

  • Isabella Casillas Guzman, U.S. Small Business Administrator
  • Nancy LeaMond, Executive Vice President and Chief Advocacy and Engagement Officer, AARP
  • Grady B. Hedgespeth, Assistant Director, Small Business Lending Markets, Consumer Financial Protection Bureau
  • David Clunie, Executive Director, Black Economic Alliance
  • Claire Kramer Mills and Jessica Battisto of the Federal Reserve Bank of New York

Event Details

Date & Time
July 22, 2021
12:00 pm EDT – 1:30am EDT


The event was open to the public and the media. The event was recorded.


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