Economic Inequality Research Series: COVID-19 and Small Businesses

May 27, 2021


On Thursday, May 27, the Federal Reserve Bank of New York hosted an on-the-record event for members of the press to discuss the Liberty Street Economics three-part series on COVID-19 and small businesses, as part of their ongoing Economic Inequality research series. This series examines disparities in small business activity by income and race, inequalities in Paycheck Protection Program credit access during the pandemic, and differences in the loan and recipient county characteristics for those who received loans through financial technology (fintech) providers versus other lenders. The event featured a brief overview of the series' top findings and Q&A with the blog authors.

Event Details

Date & Time
May 27, 2021
10:00am EDT – 10:45am EDT


The event was open to the media and public. All remarks were on-the-record and the event was recorded.

10:00am-10:05am Welcoming Remarks

Raji Chakrabarti, Senior Economist, New York Fed
10:05am-10:20am Overview of the following Liberty Street Economics blogs:

COVID-19 and Small Businesses: Uneven Patterns by Race and Income
Who Received PPP Loans by Fintech Lenders?
Who Benefited from PPP Loans by Fintech Lenders?
10:20am-10:45am Q&A

Raji Chakrabarti, Davide Melcangi, Maxim Pinkovskiy, Giorgio Topa, Jessica Battisto, Claire Kramer Mills, and Asani Sarkar


The New York Fed conducts research to better understand what contributes to economic inequality in its many forms in the region and across the nation. Learn more about our Economic Inequality & Equitable Growth initiative.
Visit our COVID-19: Information, Research & Analysis and Resources Hub for helpful resources and relevant research from the New York Fed on COVID-19.

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