Date of release: October 13, 2021
The City of Paducah is partnering with the Federal Reserve Banks to encourage local businesses to complete the Small Business Credit Survey (SBCS). The SBCS is an annual survey by the Federal Reserve Banks of for-profit firms with fewer than 500 employees. These small businesses represent more than 99% of all employer establishments in the United States.
The survey is open through November 19 to businesses currently in operation, those recently closed, and those about to launch. The survey takes about 10 minutes to complete with questions about business conditions and performance, financing needs, and the effects of the pandemic. All responses are confidential, and no personal information is requested.
Paducah Planning Director Nic Hutchison said, “Partnering with the Federal Reserve Banks will be beneficial to Paducah since we will gain insights on the small business population. Small businesses are critical to our local economy. Knowing more about how they are faring will help us determine how to improve the local environment to increase their success. I encourage Paducah’s small businesses to participate to make your voices heard.”
To take the survey, visit https://bit.ly/3iV8fg7 or scan the QR code below.
Learn more about Fed Small Business, a collaboration among the 12 reserve banks of the Federal Reserve System, at https://www.fedsmallbusiness.org/about.