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By Susan Longworth       August 21, 2012

The Community Development Financial Institutions (CDFI) Fund of the U.S. Department of the Treasury recently announced the largest set of awards in total to CDFIs in its history—over $185 million to 210 organizations in more than 40 states and the District of Columbia. Through the CDFI Program's Financial Assistance, Technical Assistance, and Native American CDFI Assistance (NAC... Read More

By Emily Engel       August 7, 2012

On Tuesday, July 24, the Federal Reserve Bank of Chicago's CDPS division took a bus tour with LISC New Communities Program director Chris Brown to several projects under the New Communities Program. The tour started in South Chicago, moved into Englewood, and ended in Woodlawn. The group toured a private residential home, viewed two affordable housing complexes, an assisted living communi... Read More

By Robin Newberger, Susan Longworth       June 28, 2012

Community-based lenders and other nonbank entities saw a steep rise in demand when bank lending to small businesses dropped by more than 50% between 2007 and 2010.1 A recent article in ProfitWise News and Views, “Small Business Credit: Alternative Resources Bridging the Gap,” reviews some current trends in demand for credit at nonbank lenders and profiles some of the resources available ... Read More

By Emily Engel, Daniel DiFranco       June 19, 2012

While the main purpose of our blog is to promote new projects and research we in CDPS are working on at all stages, we also want to highlight existing community development resources on our website, such as the Chicago Fed Income-Based Economic Index (IBEX), which may be of value to our readers. The Chicago Fed IBEX is a set of indicators intended to help understan... Read More

By Emily Engel       May 31, 2012

Fort Wayne, Indiana, is the county seat of Allen County. Located less than 20 miles west of Ohio border and 50 miles south of the Michigan border, Fort Wayne is the second largest city in Indiana after Indianapolis. Work Force and Labor Development Fort Wayne experienced a significant economic impact with the departure of Navistar International (formerly International Harv... Read More

By Emily Engel       May 17, 2012

At the Industrial Cities Initiative (ICI) Symposium in Chicago on February 28, 2012, participants expressed an interest in more comparative analysis of similar cities on a broader geographic basis. An upcoming audio conference titled, “Smaller Cities that Think Big: Lessons from Resurgent and Transforming Cities,” may help address that interest. The Community Development Departmen... Read More

By Desiree Hatcher       May 3, 2012

Background Grand Rapids, the county seat of Kent County, is located in western Michigan. Grand Rapids is the center of a metropolitan statistical area that includes Kent, Ottawa, Muskegon, and Allegan counties. History Grand Rapids was incorporated in 18501 and, at that time, the city had a main furniture factory and many smaller furniture factories. Wood furnitu... Read More

By Emily Engel       April 24, 2012

The Industrial Cities Initiative Symposium was held at the Chicago Fed on Tuesday, February 28, 2012. The Community and Development and Policy Studies (CDPS) department has had many requests for the related white paper, data, and presentations and all three are now posted on the symposium website under the “conference materials tab.” In the coming months, all 10 of the ICI subject... Read More

By Jason Keller       April 12, 2012

Waterloo, Iowa, has approximately 68,000 residents (2010 estimate), and is the county seat of Black Hawk County. Waterloo is the largest city by population, in the Waterloo-Cedar Falls metropolitan statistical area (MSA), located between three large economic centers—180 miles from Minneapolis, Minnesota; 265 miles from Chicago, Illinois; and 295 miles from Kansas City, Missouri. W... Read More

By Emily Engel, Susan Longworth       March 27, 2012

The Community Development and Policy Studies division of the Federal Reserve Bank of Chicago hosted the Industrial Cities Initiative (ICI) Symposium on February 28, 2012. More than 50 economists, community and economic development professionals, city representatives, and analysts from business, academia, and city government attended the symposium. So far, ICI has been a year-long endeavor... Read More

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