Workforce Development and Human Capital - Multimedia
This two-part Connecting Communities® webinar series highlights how banks and their partners can play an important role in workforce development and help fulfill bank obligations under the Community Reinvestment Act. Presenters for Part 2 include Priscilla Dinn Alvarez, VIDA (Valley Initiative for Development and Advancement); Barbara Mahnen, Bank of America; Andrea Stiles Pullas, Mi Casa Resource Center; Rubin Ramos, BBVA Compass; and Steven Shepelwich, Federal Reserve Bank of Kansas City.
This Connecting Communities® webinar, featured on January 11, 2018, highlights how financial institutions could receive Community Reinvestment Act consideration for taking advantage of new opportunities to help close the digital divide across communities and improve economic stability. Presenters include Jordana Barton, Federal Reserve Bank of Dallas; Jeanne Bonds, Federal Reserve Bank of Richmond; Chelsea Cruz and Adrian Franco, Federal Reserve Bank of New York; and Yolanda Davila, BBVA Compass.
The NY Fed's Community Reinvestment Act Portal is a one-stop-shop for financial institutions, community organizations, and other stakeholders seeking information and resources related to the CRA. The website also includes the interactive tool “Find Your Bank”. This tool is a sortable table which includes 10 years-worth of information on NY Fed supervised financial institutions and their CRA performance.
This article highlights the 8th consecutive gathering of the Appalachian Funders Network (AFN). Foundations and grant makers met in Central Appalachia to participate in a working meeting about aligning their investment resources.
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 Job Success," features an organization that helps reduce barriers to job success for workers and includes an interview with former U.S. Secretary of Housing and Urban Development Julián Castro. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
Investing in America’s Workforce seeks to strengthen our nation’s economic potential through reframing and reimagining workforce development efforts, taking a broader view of them as investments, rather than as a limiting view centered on the delivery of social services. This initiative will connect businesses, government, nonprofit, and philanthropic partners to rethink policy and investments, attract new resources, and improve economic mobility for workers.
This Connecting Communities® webinar focuses on highlights of the Federal Reserve Board's December 2016 report, "Experiences and Perspectives of Young Workers." The report provides a snapshot of the educational attainment, employment experience, job market outlook and financial self-sufficiency of 18- to 30-year-olds, based on data collected through a 2015 survey. Speakers include: Heidi Kaplan of the Federal Reserve Board, Ofranama Biu of City University of New York and Amy Blair of The Aspen Institute.
This Connecting Communities® webinar, from April 13, 2017, engages experts in a dialogue about research and current initiatives to close the skills gap that exists in the U.S. economy today. Speakers include Papia Debroy and Sally Smyth, Opportunity@Work; Andi Rugg, Markle Foundation; Mels de Zeeuw, Federal Reserve Bank of Atlanta; and Keith Wardrip, Federal Reserve Bank of Philadelphia. They discuss potential solutions that connect talented workers with gainful employment based on demonstrated skills and competencies rather than degree.
The following video presents information on the Small Bank and Intermediate Small Bank CRA Examination. The Community Reinvestment Act encourages depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.
Student Debt, Wealth Inequality, and the Return on a College Degree: The Role of Children’s Savings Accounts
Research shows that in time, an investment in higher education eventually pays off. However, the payoff of investing in higher education varies greatly depending on whether one graduates with or without student debt. This Chicago Fed blog, from November 2016, summarizes the disparity of investment returns in education between those with and without student debt, and ways to make such returns more equitable.