Lending Economic Impact Analysis

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.


DOWNLOAD THE EVALUTION BRIEFS AND REPORTS:


Lending Economic Impact for FY21 Brief
.pdf
Download PDF • 194KB
Lending Economic Impact for FY21 Report
.pdf
Download PDF • 500KB
Evaluation-Brief-FY19-Lending-Impact
.pdf
Download PDF • 355KB
Evaluation-Report-FY19-Lending-Impact
.pd
Download PD • 1.22MB
Evaluation-Brief-FY20-Lending-Impact
.pdf
Download PDF • 554KB
Evaluation-Report-FY20-Lending-Impact
.pd
Download PD • 751KB

SUGGESTED CITATIONS:


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.

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