Featured - Community Development Resources
Benefits Cliffs and the Financial Incentives for Career Advancement: A Case Study of the Health Care Services Career Pathway
Benefits cliffs, which occur when earnings gains are offset by the loss of public benefits, have long been recognized to create financial disincentives for low-income individuals to earn more income. In this paper, the authors develop a new methodology to study benefits cliffs in the context of career advancement. Further, they illustrate two policy interventions: a childcare subsidy phaseout that is gradual rather than sudden, and an application of transitional public benefits with asset mapping of financial resources. The authors show how each of these interventions benefits a low-income parent seeking to advance up the economic ladder.
Businesses owned by black women have experienced unprecedented growth over the past two decades. This report, based on national data and a series of interviews with black women business owners, presents a summary of business owners' motivation, challenges, support and financial trends.
The report from the Kansas City Fed focuses on broadband access, economic impact and success stories for communities wishing to narrow the digital divide. The digital divide refers to the gap between those with and without access to affordable, reliable broadband and the skills and equipment to utilize it.
The Federal Reserve Board has released its sixth annual Report on the Economic Well-Being of U.S. Households. Based on the Board's annual Survey of Household Economics and Decisionmaking conducted in October and November of 2018, the report provides insights on individuals’ income, employment, dealing with expenses, bank and credit access, housing decisions, education, student loans, and retirement. A new topic in this year’s report—aimed at understanding the experiences of bank customers—is the ability of adults to access funds in their bank accounts.
Where a person lives matters—a ZIP Code can often predict a person's likely economic, health, education, and life outcomes. In this video, Raphael Bostic, president of the Atlanta Fed, discusses why fair housing matters, reflects on the legacy of housing discrimination, and describes the progress made to prevent housing discrimination and further fair housing as well as what remains to be done. The Fair Housing Act of 1968 made it illegal to discriminate in the sale or rental of housing, including against individuals seeking a mortgage or housing assistance, or in other housing-related activities, based on a person's race, color, national origin, religion, sex, familial status, and disability. Yet 50 years after the passage of this landmark legislation, housing remains segregated by race and income in many neighborhoods across the United States.
Economic trends indicate stark racial disparities in the labor market. Black and white workers experience such distinct labor market outcomes that the highest level of white unemployment has rarely exceeded the lowest level of black unemployment over the past four decades. Using findings from recent studies and data from the Federal Reserve Board's 2017 Survey of Household Economics and Decisionmaking (SHED), this special topic brief elaborates on the persistent black-white unemployment gap and highlights barriers to obtaining and maintaining employment. This brief is the third of a series based on research and roundtable discussions with community leaders throughout the country as of the Federal Reserve's Investing in America's Workforce (IAW) Initiative.
Amplificando la Voz de los Trabajadores en una Economía en Constante Evolución, or in English, Amplifying Workers’ Voices in an Evolving Economy, is the second installment of Invested’s series on Many Roads to Quality Work. Translated for the benefit of Spanish-speaking workers, Amplificando la Voz discusses the history and future of worker representation, highlights emerging forms of empowerment for disenfranchised workers, and looks at ways that meaningful engagement of employees also benefits employers and communities.
The second issue of the Boston Fed’s Invested magazine series on quality work explores innovative ways of amplifying workers’ voices in an evolving economy. The emerging forms of representation showcased in this issue could be especially helpful to marginalized workers such as those in the domestic services industry, many of whom are Spanish-speaking immigrants. To make this content more accessible to this population, we launched a “special edition” of Issue 2 in Spanish containing three key content sections and the full audio and transcript of our interview with a local domestic worker-leader.
The authors of this article examine how the 2014 reauthorization of the federal Child Care Development Block Grant is—or isn’t—helping families and child care providers. From Community Dividend, an online publication of the Minneapolis Fed.
Using recently released American Community Survey data, the Center for Indian Country Development (CICD) at the Minneapolis Fed provides the first evidence of the Digital Divide extending to Indian Country. The CICD finds that broadband access on reservations lags behind national averages, but also that some Native Nations have broadband access rates far higher than the national average. Increasing broadband access in Indian Country may lead to expanded economic opportunities.
This podcast asks community members and organizations across the U.S. about the challenges they are facing and solutions they’ve found for significant social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Local Food Systems as a Rural Economic Driver," features an organization that bolsters regional agricultural enterprises to create jobs in rural areas. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.