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By Emily Engel, Mark O'Dell       May 15, 2019

Thank you to the over 900 businesses across Illinois, Indiana, Iowa, Michigan and Wisconsin1 that participated in the latest round of the nationwide Small Business Credit Survey (SBCS).2 Your participation provided fresh information about the economic trends affecting small businesses in the area served by the Federal Reserve Seventh District. While only the second year that the survey has bee... Read More

By Jason Keller, Steven Kuehl       May 13, 2019

The Board of Governors of the Federal Reserve System ("Board") has issued CA 19-11 to inform financial institutions that it recently considered the requirements of the Department of the Treasury's New Markets Tax Credit ("NMTC") Program2 and determined that a NMTC-eligible investment, directly or indirectly, as defined by Section 45D(c)(1) of the IRS Code, fits within the meaning of the Public ... Read More

By Jason Keller       April 29, 2019

The Federal Reserve Board of Governors (the Board) announced on April 5, 2019 that it is accepting applications from individuals for membership on the Community Advisory Council (CAC). Community Development and Policies Studies, a division of the Economic Research Department of the Federal Reserve Bank of Chicago, is working with the Board to source candidates for the CAC from the 7th District, w... Read More

April 5, 2019

Juan Salgado, Chancellor of the City Colleges of Chicago, will be the closing keynote speaker at the May 2019 Federal Reserve System Community Development Research conference. The theme of this year's conference is “Renewing the Promise of the Middle Class.” Recently, Federal Reserve Bank of Chicago staff, Susan Longworth and Mike Berry met with Chancellor Salgado to discuss what the theme mea... Read More

March 12, 2019

In today's blog we interview Marc Norman, from the University of Michigan, who is just starting his term on the Federal Reserve's Community Advisory Council. We ask him about his role, responsibilities, and outlook. What do you do for the University of Michigan's A. Alfred Taubman College of Architecture and Urban Planning and how does your work relate to community and economic development? I a... Read More

By Taz George, Susan Longworth, Mark O'Dell       March 1, 2019

The Peer City Identification Tool V3.0 (PCIT) has launched with new data and calculations, updated analyses, and a new feature that allows users to select up to three cities of their own choosing. Background The PCIT is an interactive data exploration tool created by the Community Development and Policy Studies division at the Federal Reserve Bank of Chicago. The PCIT enables users to identif... Read More

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February 11, 2019

We are delighted to announce that registration for the Eleventh Biennial Federal Reserve System Community Development Research Conference, “Renewing the Promise of the Middle Class,” is now open. On May 9-10, 2019, the Conference will bring together researchers, policymakers, and practitioners to discuss the latest research on promoting an inclusive middle class. The Conference agenda features... Read More

By Jason Keller, Dory Rand, Jenna Severson       January 29, 2019

Ten years after the end of the Great Recession, Chicago's neighborhoods are still recovering. Understanding the dynamics of this recovery, where it has occurred and where it is lagging, is a key objective of the 2018 Chicago Area Community Lending Fact Book (the Fact Book) recently released by Woodstock Institute. The Fact Book is designed to make data on home mortgage and small business lending ... Read More

By Maham Ali, Susan Longworth       December 19, 2018

"Because good health does not [just] happen in a doctor's office" -Elissa J. Bassler, Chief Executive Officer, Illinois Public Health Institute The Community Development and Policy Studies (CDPS) division of the Federal Reserve Bank of Chicago, in partnership with the Build Healthy Places Network (BHPN), Illinois Public Health Institute (IPHI) and County Health Rankings and Roadmaps, hosted an... Read More

By Aaron Brown, Steven Kuehl       December 17, 2018

The Federal Reserve Bank of Chicago's Community Development and Policy Studies Division regularly holds economic development forums around the 7th District that provide both a general economic overview and focus on topics of interest to stakeholders. On November 29 at a convening in Madison, WI, the topic was "Updates on the Midwest Economy & Fair Lending in a Social Media Context." ... Read More

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