Profitwise News and Views
Articles on economic development news and trends including small business lending, labor trends and tax incentives to assist underserved communities; consumer issues such as predatory lending, credit scoring and identity theft; regulatory compliance topics; and research activities relevant to community development. Also includes a calendar of events and district news. View Guidelines for Authors.
The material in Profitwise News and Views is not necessarily endorsed by, and does not necessarily represent views of the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of Chicago.
Historical Perspectives on the Community Reinvestment Act of 1977
This final 2013 edition of Profitwise News and Views provides a summary and some of the key takeaways from the CDPS department’s Healthy Communities Regional Summit, organized with partners from both the public health and community development fields, including our partners, the Illinois Public Health Institute, the Adler School of Professional Psychology, Access Community Health Network, IFF, The Chicago Community Trust, LISC Chicago, and others. Helping to mark the Fed’s 100-year anniversary, we also take a historical look at the Community Reinvestment Act, and legislation dating back to the New Deal that contributed to the practice of redlining. Download the current issue.
Community Colleges and Industry: How Partnerships Address the Skills Gap
In this edition of ProfitWise News and Views we document two events held at the Chicago Fed this year: the annual Neighborhood Housing Services of Chicago community banks forum, and the National Disabilities Institute Asset Development Summit. Our feature article, by Senior Research Analyst Emily Engel, explores the roles of community colleges across the Seventh District in addressing worker skill gaps. Findings of the Fed’s Industrial Cities Initiative (ICI), a variety of academic studies, and surveys of manufacturers and other industrial employers have all indicated a skills gap among workers, particularly those with less education than a bachelor’s degree. An updated ICI report, further exploring this topic in 10 midwestern cities, will be released this quarter. Download the current issue.