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People
Economic mobility is especially challenging for those who live in low- and moderate-income households. What’s more, the financial outcomes of individuals and families affect the financial health of our nation as a whole. What innovative approaches are being undertaken to address financial capability? What key policies and programs are helping individuals build wealth? And what promising workforce development strategies are helping our country prepare for the jobs of tomorrow? The Fed has resources on a range of people-based strategies.

Examples and additional information on how Fed activities support people
Place
Place matters. We know this from research as well as from experience. The Fed works with an array of partners—from nonprofits, bankers and academics to practitioners and policymakers—to help strengthen and revitalize communities through housing and other place-based strategies. What are some promising cross-sector approaches to address foreclosure mitigation activities? And how can evidence-based models inform innovative solutions to neighborhood redevelopment, particularly for underserved communities? The Fed has resources on a range of place-based strategies.

Examples and additional information on how Fed activities support place
Policy and Practice
Thriving communities rarely develop by accident. The Fed supports community and economic development in a variety of ways, including providing technical assistance, convening events and conducting applied research, all aimed at developing the scale, sustainability and impact of the broader community development field. How are emerging research and data analysis being utilized to improve the design and implementation of community development programs and the sourcing of new partners and capital? What are the key ingredients of successful cross-sector collaboration? And how can Community Reinvestment Act (CRA)-eligible activities be further leveraged for greater impact? The Fed has resources on a range of strategies that support the policy and practice of community development.

Examples and additional information on how Fed activities support policy and practice
Small Business
Small businesses form the backbone of our nation’s economy and are at the heart of thriving communities. The Fed helps low- and moderate-income individuals and communities launch, grow and sustain small businesses, from microenterprises to small but growing organizations that have the capacity to create jobs for local residents. What are the emerging trends for increasing the capacity of small-business intermediaries? How can we ensure that small businesses and entrepreneurs have access to the credit and capital they need in a safe and sound way? And what are some of the key programs and policies that support minority- and women-owned small businesses?

Examples and additional information on how Fed activities support small business
- Small business access to credit and capital
- Small business technical assistance

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Foreclosure mitigation - Featured

Federal Reserve Community Development Perspectives

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.

posted 07/23/2014 by Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, San Francisco, Board of Governors