Transforming U.S. Workforce Development Policies for the 21st Century is a dynamic new book that explores how innovative policies and practices can meet the changing needs of workers, businesses, and their communities. Produced in partnership by the Federal Reserve Banks of Atlanta and Kansas City, and the John J. Heldrich Center for Workforce Development at Rutgers University, this edited volume presents contributions from more than 65 leading scholars and practitioners engaged in workforce development. They examine the state of the labor market, and potentially transformative workforce development and education strategies and policies to improve opportunities for job seekers, students, and workers, especially those encountering the greatest difficulties in the labor market.
During this Oct. 15 Connecting Communities® webinar, learn about how and why businesses might want to convert to worker cooperatives. Experienced practitioners will share the main features and benefits of worker-owned cooperatives, some approaches to financing these employee buy-outs, insights from case studies and why worker ownership is an important community economic development strategy. Speakers include Alison Lingane of Project Equity and Rob Brown from Cooperative Development Institute’s Business Ownership Solutions program.
The Federal Reserve Board has announced the members of its newly created Community Advisory Council (CAC). The CAC is composed of individuals with consumer- and community development-related expertise who will provide information, advice, and recommendations to the Board on a wide range of relevant policy matters and emerging issues of interest.
Are there well-paying jobs for people without a four-year college degree? Identifying Opportunity Occupations in the Nation's Largest Metropolitan Economies summarizes research conducted by the Federal Reserve Banks of Philadelphia, Cleveland, and Atlanta on employment opportunities for workers without a formal education. This research examines what employment opportunities can be considered opportunity occupations, where these opportunity occupations are located, and how employer preferences differ from the education requirements for these jobs.
Alternative Lending through the Eyes of “Mom and Pop” Small-Business Owners: Findings from Online Focus Groups
The online alternative lending industry holds promise for expanding access to credit for small businesses. But it also poses potential risks, as the small-dollar credit products offered by alternative lenders can be considerably more expensive than traditional credit. To gauge small-business owners’ perceptions and understanding of online alternative lenders and their product offerings, two Federal Reserve researchers conducted online focus groups with 44 “mom and pop” businesses in a wide range of industries and from across the United States. This report details their findings.
This short, seven-minute video highlights the purpose, application and importance of the Community Reinvestment Act (CRA), a law that helps bring billions of dollars in bank capital to low- and moderate-income communities every year. Understanding how this law works is essential for banks looking to make impactful loans and investments, non-profits seeking funding, and communities wanting to ensure their financial institutions are operating in fair and responsive ways. Learn how the CRA works and what it means for communities across the country.
New research points to soft skills as an important indicator for success in the workplace. In this Economic Development podcast, Jonathan Finkelstein, founder and CEO of Credly, and Laura Lippman, senior fellow at Child Trends, discuss digital badging as a way to document these currently amorphous workplace skills.
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.