Small Banks, Big Benefits (Episode 16)

Date: 13 Apr 2017 | posted in: Banking, Building Local Power | 0 Facebooktwitterredditmail

In this episode of the Building Local Power podcast, our guest is Justin Dahlheimer, president of a community bank in west-central Minnesota. Justin and our hosts discuss the benefits of community banking, and how banks lend differently when they have a vested stake in their community.… Read More

Report: Monopoly Power and the Decline of Small Business

Date: 10 Aug 2016 | posted in: Retail | 0 Facebooktwitterredditmail

The U.S. is much less a nation of entrepreneurs than it was a generation ago. In this report, which won an award for antitrust scholarship in 2017, we suggest that the decline of small businesses is owed, at least in part, to anticompetitive behavior by large, dominant corporations. The report presents three reasons to bring a commitment to fair markets for small businesses back into antitrust policy, and concludes by outlining specific steps to do just that. … Read More

How Washington Punishes Small Business

Date: 8 May 2015 | posted in: Retail | 0 Facebooktwitterredditmail

In our op-ed for the Wall Street Journal, we look at how much of our public policy seems to designed to bend the market in the favor of big corporations, and put small, independent businesses at a competitive disadvantage.… Read More

One in Four Local Banks Has Vanished since 2008. Here’s What’s Causing the Decline and Why We Should Treat It as a National Crisis.

Date: 5 May 2015 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

The precipitous decline in the number of community banks in recent years is a national crisis, and there’s a fierce debate underway right now about what’s to blame.… Read More

Federal Study Confirms “Too Big To Fail” Gives Megabanks a Hidden Funding Advantage

Date: 20 Aug 2014 | posted in: Banking | 0 Facebooktwitterredditmail

When the country’s giant banks were teetering on the verge of collapse during 2008’s financial crisis, the U.S. government stepped in to bail them out. The banks were, in a phrase that has since become infamous, “Too Big To Fail.” Would the government do it again? And does the expectation that it would step in give megabanks an unfair competitive advantage over local community banks? Those are the questions at the heart of an eagerly awaited report released at the end of July by the Government Accountability Office, a nonpartisan federal department. In a conclusion that highlights the need for more regulatory action to reduce concentration in the banking system, the G.A.O. found that the answers to both questions are “yes.”… 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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