As the local economy continues its recovery from the COVID-19 pandemic, it’s more important than ever to establish a workforce that benefits all.
The St. Louis Fed’s new Community Investment Explorer 2.0 aggregates over 73 million transactions totaling over $3.2 trillion in community and economic development capital from 2012 to 2020 across 10 programs. Explore the interactive maps to learn where capital is going, how equitably is it being distributed, and for what purposes is it serving.
COVID-19 continues to have a profound effect on people nationwide. The Federal Reserve System is identifying specific challenges that low- to moderate-income (LMI) communities are facing. “Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them” summarizes a nationwide survey of nonprofits, financial institutions, government agencies and other organizations serving urban, suburban and rural communities. It will be updated throughout 2020 and is co-authored by the St. Louis Fed.
The new institute will examine how marginalized people interact with the economy, and IEE will also advance policy analysis to foster a more equitable economy.
The Bank On movement is designed to improve the financial stability of America’s unbanked and underbanked. The St. Louis Fed and Cities for Financial Empowerment (CFE) Fund established the Bank On National Data Hub to show metrics from financial institutions related to account openings, account usage and consistency, and online access. This national reporting infrastructure represents an important step forward for accessible banking efforts.
The Center for Household Financial Stability documents racial economic inequality across the United States.
See more articles in the most recent Bridges.
This report features an overview of impact investing in St. Louis and emerging trends taking place nationally. It also includes case studies of bank partnerships, foundation partnerships and tax credit investor partnerships in St. Louis.