Smarter Small Business

Authors: Celeste Frye and Moe Magali Last week, we attended the Economic Mobility Summit 2025 in Philadelphia, hosted by the Federal Reserve Bank of Philadelphia.

Let’s cut to it: recessions aren’t “if” events—they’re “when.” Nonprofits know this better than most. When the economy dips, philanthropy tightens. Government contracts lag. Individual

We’re in an era where economic uncertainty is no longer a cyclical disruption—it’s a standing variable. Whether you’re a city government, nonprofit coalition, or private