As more pandemic assistance programs were phased out in 2022, small businesses in our region still needed funding. And many were coping with supply chain issues, staffing challenges, and rising prices. This is what small businesses in our region reported to the Fed’s Small Business Credit Survey in the fall of 2022.
Using data from the 2023 Report on Employer Firms: Findings from the 2022 Small Business Credit Survey, four briefs offer a snapshot of small business conditions in Pennsylvania, New Jersey, the Philadelphia metro, and the Third District states overall (Delaware, New Jersey, and Pennsylvania). Read more from The Federal Reserve Bank of Philadelphia.