Evaluation of Lending Outcomes, Updated Annually
FINDINGS SUMMARY
CSBDF’s releases annual aggregate economic impact numbers for its lending activities. The period analyzed is by fiscal year, which is July 1 to June 30. The day-to-day operations of small businesses make a multi-layered contribution to the economy. The model used for this analysis is input-output, which summarizes our impact across North Carolina based on (1) the initial economic activity, (2) direct inter-industry effects, (3) indirect secondary industry effects, and (4) induced tertiary effects. Economic impact is expressed through how CSBDF’s lending activities support, on an annualized basis: (1) payrolls, (2) employment, and (3) tax revenues.
WHY THIS MATTERS
As a community development financial institution, CSBDF’s primary goal is to help grow North Carolina’s economy. The use of evidence-based evaluation principles guide CSBDF’s organizational mission to be an effective and efficient development institution. In that spirit, each year we conduct an independent analysis using data provided by CSBDF’s small business loan clients. The data highlight why support of smaller firms is important for the state’s sustained growth and how entrepreneurs assisted by CSBDF are contributing to North Carolina’s prosperity.
GET THE DATA
We’re committed to sharing our data so that our evaluation findings can be replicated by other researchers. Data for this publication can be accessed at CSBDF’s dataverse.
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SUGGESTED CITATIONS:
Carolina Small Business Development Fund. 2022. The Economic Impact of Assisting Small Firms: Entrepreneurship in Uncertain Times. FY2022 Economic Impact Evaluation. Raleigh, NC. https://www.carolinasmallbusiness.org/post/lending-impact.
Carolina Small Business Development Fund. 2021. The Economic Impact of Assisting Small Firms: Surviving & Thriving through the COVID-19 Pandemic. FY2021 Economic Impact Evaluation. Raleigh, NC. https://www.carolinasmallbusiness.org/post/lending-impact.
Carolina Small Business Development Fund. 2021. The Economic Impact of Assisting Small Firms: Lending Amidst the COVID-19 Pandemic. FY2020 Economic Impact Evaluation. Raleigh, NC. https://www.carolinasmallbusiness.org/post/lending-impact. Carolina Small Business Development Fund. 2020. The Economic Impact of Assisting Small Firms: An Analysis of CSBDF’s Lending Activities. FY2019 Economic Impact Evaluation. Raleigh, NC. https://www.carolinasmallbusiness.org/post/lending-impact.