Investing in Rural Prosperity
The Federal Reserve has created this book to bring together community and economic development researchers, practitioners, philanthropists, and others to showcase the great work happening across this country and to outline a framework for conducting community and economic development that, if applied, can help more communities achieve shared economic prosperity.
How Consistent Capital Flow Can Save Rural America
In a world where money + power = respect, the Partners for Rural Transformation are changing the equation. Capital + consistency = Change. CDFIs, like those that constitute Partners for Rural Transformation, can harness funds and aptly position them to support the initiatives of local leaders. With current and anticipated funding already accounted for, take a look at how the Partners maximize capital flow to improve the livelihood of their service areas.
Rural Investment in America Act Introduced in the House
The Rural Investment in America Act, H.R. 6975, which has four original cosponsors, would authorize the SBA to provide loans to businesses that manufacture key critical infrastructure goods in rural industrial parks by offering partial loan forgiveness to cover payroll, permitting, and other capital costs associated with site development.
The Biden Administration's Historic Investments to Create Opportunity and Build Wealth in Rural America
The Biden Administration has made historic investments in rural communities through the American Rescue Plan: slashing poverty and lowering costs, creating jobs and new economic opportunities, and expanding access to health care. In the year ahead, the Biden Administration will partner with rural America to determine how best to invest these federal resources to support local priorities.
Farmer Mac Reports 2021 Results
The Federal Agricultural Mortgage Corporation (Farmer Mac), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, announced its results for the fiscal quarter and year ended December 31, 2021.
Maryland Governor Announces New $50M Rural Maryland Economic Development Fund
Governor Larry Hogan announced that $50 million in grant funds will be made available to boost economic development activity, stimulate private sector investment, and grow jobs in the state's rural regions. The grant program is designed to be flexible and allow each rural council to determine the best use of funds within the program's guidelines in coordination with the counties they represent.
ECAP Program Helps Nebraskans Create Communities They Want
Through a series of surveys, townhall meetings, and the creation and execution of locally designed projects, the Entrepreneurial Communities Activation Process program helps rural Nebraska communities revitalize their towns through entrepreneurship and business development.
Investing in Culturally Sensitive Medical Care: How Mission-Based Financing Fills a Gap
When tribal developers shared their vision for the Ko-Kwel Wellness Center with the CDFI Craft3, the regional lender stepped forward with a New Markets Tax Credit allocation to secure the necessary equity. The unique financing package for the Ko-Kwel Wellness Center also includes several private grants and two long-term, affordable loans.
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