Data on Financing May Disappear
The Federal Reserve is not an organization that advocates careless spending, but its own frugality may threaten a key piece of small-business research. Every five years, the Fed pays about $4 million to survey companies with fewer than 500 employees about where they get financing. Now the Fed says it might stop the study it has been doing since 1987, saying its cost isn't justified.
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Renuka Rayasam covers small business, biotechnology, and other business news for U.S. News. Her stories have included a piece on the latest trends in corporate dining, as well as regular small-business profiles. She has written for the Austin-American Statesman, the Atlanta Journal-Constitution, Bloomberg News, and tech magazine Ziff Davis Smart Business. She has a bachelor of arts in political economy and German from the University of California – Berkeley and a master of international affairs from Columbia University.