Many public policy initiatives are grounded in the belief that the nonprofit sector is one of the most powerful instruments of change in our society. Indeed, viable communities require strong, well-capitalized and durable nonprofit sectors that use capital effectively. Innovative financial institutions and organizations are learning how to work together to connect lenders to investors, sometimes by creating new platforms and partnership structures.
The Federal Reserve Bank of St. Louis held a public policy dialogue to discuss innovations in community economic growth and social development through the use of financial capital. The focus of this dialogue was on rethinking the nature of equity and debt, equity capital for nonprofits, and developing lending, investment and service strategies that improve access to capital in all communities, particularly in low- to moderate-income communities.
Footage from the videoconference portion: watch video
2011 Exploring Innovation event preview
Exploring Innovation: A Conference on Community Development Finance, will be held May 9-11, 2011, at the Chase Park Plaza Hotel in St. Louis, Mo. The conference will be attended by lenders, investors, nonprofit community development practitioners and others who will learn how to use innovative business models that will address the financing of all aspects of thriving communities—from housing and infrastructure to community engagement and leadership development. Learning tracks will include retail products and services, the green economy, investments and equity, and financing comprehensive development. Employing innovative presentation and collaboration techniques, the conference is designed to:
Conference registration opens Feb. 1, 2011.
2010 Exploring Innovation events
"Restructuring and Retooling for the Future"
April 20 | details and summaries
"Addressing the Achievement Gap and Fostering Community Leadership"
August 26 | details and summaries
"Tapping New Sources and Exploring New Models for Community Development Finance"
November 10 | details and summaries
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Exploring Innovation events from past years
FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.