Stacy Mitchell on Local Bites Podcast (Audio)

Date: 2 May 2014 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

ILSR’s Stacy Mitchell is interviewed on the Local Bites Podcast. She lays out the evidence against the growing consolidation of economic power in the hands of a few global corporations and exposes the policy decisions that have led us down this path. She highlights several promising initiatives from the growing localization movement, and outlines the key components of a ‘localist policy agenda’. … Read More

Understanding the Small Business Credit Crunch

Date: 16 Apr 2014 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

Even as their big competitors are awash in capital, many locally owned businesses are struggling to secure the financing they need to grow. This analysis finds that, since 2000, bank lending to large businesses is up 36 percent, while small business loan volume has fallen 14 percent and “micro” business loans — those under $100,000 — have plummeted 33 percent.… Read More

Change in Volume of Bank Loans to Businesses, by Loan Size, 2000-2012

Date: 15 Apr 2014 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

Since 2000, the overall volume of business lending per capita at banks has grown by 26 percent, but this expansion has entirely benefited large businesses. Small business loan volume at banks is down 14 percent and micro business loan volume is down 33 percent. … Read More

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