Capital flows are important indicators of neighborhood, city, and regional economies. We examined investment in Fresno, California­—a region that has experienced recent growth, particularly in the agricultural sector, but still lags behind its peers. Using data on public and private investments from 2010 to 2022, we compared investment in Fresno city and county with investment in the 100 largest cities and counties in the US by population. Fresno city and county rank 83rd and 68th, respectively, in aggregate investment when scaled for population. Small-business lending is particularly deficient in Fresno, and investments in housing and the mission sector also fall short. We also find gaps in investment by geography. Predominantly Hispanic and Latino neighborhoods and higher-poverty neighborhoods are underinvested relative to other neighborhoods across most asset classes, particularly single-family housing and small businesses.