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Last Updated: 09/05/19

ProfitWise News and Views

Articles on community and economic development news, trends, policy, and research.

Most Recent Articles

 

Education and the Evolution of Earnings Across Population Groups Since 2000 

Kelley Sarussi and Thomas Walstrum

Since the Great Recession ended in 2009, the country has experienced its longest economic expansion in history, but not every segment of the population has benefited equally. This article explores four commonly used labor market measures to gain insight on the relative fortunes of subgroups of the population – divided by age, sex, race, and educational attainment – since 2000, to learn what has changed in the interim, and for whom.

 

Banks and Nonprofit Hospitals: Partners in Community Development?

How Banks and Nonprofit Hospitals Can Collaborate on Community Building and Health Outcome Improvement: Exploring the Nexus between the Community Reinvestment Act (CRA) and the Affordable Care Act (ACA) 

Steven Kuehl

This article explores similarities between the Community Reinvestment Act and the Affordable Care Act, as pertains to how banks and nonprofit hospitals engage with their surrounding communities, as well as possible ways they can align interests to realize complimentary and mutually beneficial outcomes. 

Small Business Performance in Industries in LMI Neighborhoods After the Great Recession: Atlanta, Baltimore, Chicago, Houston and Los Angeles 

Maude Toussaint-ComeauRobin Newberger and Mark O'Dell

Small businesses are essential to the economic infrastructure of both lower-income and higher-income neighborhoods.  In this report, we compare small business performance in lower-income vs higher-income areas. Findings offer some directions for growing small businesses in LMI and ethnic/minority neighborhoods.

 

Preliminary Findings from Focus Groups on Economic Inclusion in Smaller Cities

Susan LongworthTaz George and Mark O'Dell

A growing body of work by the Federal Reserve Bank of Chicago and partners points to challenges that "legacy cities" face in extending economic opportunity to all residents. This article reports findings from a series of focus groups conducted around the 7th District to better understand what city leaders are doing to advance positive labor market outcomes for residents.

 

Opportunity Zones: Understanding the Background and Potential Impact in Northeastern Illinois

Jason Keller, Erin Kenney, Mark O’Dell, and Elizabeth Schuh

This article offers a primer on: Opportunity Zones, highlighting the designation process for census tracts in northeastern Illinois; Qualified Opportunity Funds (QOF) – the vehicle that will facilitate investment in designated areas; and finally, how QOFs will help facilitate the goals of the Chicago Metropolitan Agency for Planning’s ON TO 2050 Plan.

 

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