Regional Roundup

Louisville Board Chairman Perishes in Cycle Accident

Cornelius Martin, chairman of the St. Louis Fed's Louisville Branch Board of Directors, died in a motorcycle accident June 2 in south-central Kentucky. A Bowling Green businessman, Martin was president and CEO of Martin Management Group, the fourth-largest black-owned auto group in the nation, which owns and operates dealerships in six states along with other business entities.

He chaired Western Kentucky University's Board of Regents, served on numerous community and nonprofit organization boards and participated in automotive industry associations.

He had served on the Fed's Louisville board since January 2002.

Are Communities Friendly to Entrepreneurs?

What makes a community friendly enough for an entrepreneur to want to set up shop? The Community Affairs Office of the Federal Reserve Bank of St. Louis wanted to find out.

Recently, staffers surveyed several communities in the Eighth District to help determine their level of support for local small businesses. The Fed has published the findings and recommendations for the cities of Arkadelphia, Ark.; Madisonville, Ky.; Tupelo, Miss.; and the Illinois counties of Alexander, Johnson and Pulaski.

The survey asked small business owners and entrepreneurs to rate their own communities. The results are being shared with local leaders who have expressed an interest in using the findings to plan future community and economic development efforts.

The survey template was developed in 2003 by the Community Policy Analysis Center at the University of Missouri-Columbia. The center also produced a guide book, Growing Entrepreneurs from the Ground Up: A Community-based Approach to Growing Your Own Business.

For copies of the surveys, call Fed employees Pam Haynie at 501-324-8205 for the Arkadelphia, Ark., report; Kendra Keller at 502-568-9202 for the Madisonville, Ky., report; Gloria Irving at 901-579-4101 for the Tupelo, Miss., report; and Cynthia Davis at 314-444-8761 for the Illinois counties reports.

Navigate Through Check and Adjustment Changes

Keep current on changes in check processing and adjustments services by attending one of the 2006 FedExchange seminars and check adjustments training sessions hosted by the Federal Reserve banks of Cleveland and St. Louis:

  • Nov. 7, St. Louis
  • Nov. 9, Elizabethtown, Ky.
  • Nov. 14, Tunica, Miss.
  • Nov. 15, Little Rock, Ark.

At FedExchange, you will hear from industry experts on topics such as strategy for superior customer service, check image exchange, fraud, pandemic influenza and ACH industry updates. Concurrent sessions on check adjustment training will also be provided. Invitations and program details were to be mailed in August.

Watch for more information on our web sites at www.clevelandfed.org or www.stlouisfed.org. If you have any questions, contact Sandy Runyon at 216-579-2158.

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Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.