ST. LOUIS—In a survey about the economic challenges facing low- and moderate-income (LMI) communities in the Eighth Federal Reserve District, more people indicated that economic conditions were improving in LMI communities than said they were declining, though the majority reported conditions had remained the same as six months ago.
The feedback was part of the 2014 Community Development Outlook Survey, conducted and published by the Community Development function of the Federal Reserve Bank of St. Louis.
The survey results are based on responses from 377 representatives of multiple sectors in each of the seven states included in the Eighth District: Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. The survey breaks out responses for both rural and metropolitan areas.
Respondents represented community and economic development organizations, educational institutions (K-12 and colleges), financial institutions, government agencies, nonprofits, public officials and other community organizations.
Key District-wide findings include:
For the full results, see the published survey.
For a visual representation of the findings of the survey, see the infographic highlighting the key results.
The survey is conducted annually, and its purpose is to inform community development practitioners about trends that affect LMI communities in the District, as well as guide the long-term programming of the St. Louis Fed’s community development efforts.