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.
Developing Small Businesses and Leveraging Resources in Detroit: An Informed Discussion among Financial Institutions, Policymakers and Other Stakeholders in Detroit
We roll out the first 2013 edition with a small business theme and a new look for ProfitWise News and Views. In October, we welcomed to the Detroit branch entrepreneurs, bankers, economic development professionals and an array of organizations and individuals working to improve Detroit’s small business lending and development infrastructure. CDPS senior business economists Robin Newberger and Maude Toussaint-Comeau synthesize key themes from the conference, “Developing Small Businesses and Leveraging Resources in Detroit,” which featured their related research. Their paper, “Financial Infrastructure and Small Business Funding in Low- and Moderate-Income Neighborhoods in Detroit,” is available at chicagofed.org. Also in October, the Fed hosted a U.S. Treasury Department-organized conference on its State Small Business Credit Initiative. Treasury’s Cliff Kellogg, the program’s director, provides an overview of the SSBCI’s significant impact in the five Seventh District states of Illinois, Indiana, Iowa, Michigan and Wisconsin. Download the current issue.
Analyzing World Business Chicago’s Plan For Economic Growth And Jobs: A Chicago Banker Roundtable Perspective Bankruptcy
In this final Profitwise News and Views (PNV) edition of 2012, we focus on three distinct topics. Our lead article summarizes an engaging discussion on the World Business Chicago’s Plan for Economic Growth and Jobs, co-convened by the Chicago Fed, the FDIC, and the OCC. Our second article is an update on two previous PNV articles looking at bankruptcy reforms since they became effective in 2005. Finally, we probe into recent and ongoing work to address the foreclosure crisis with a look at efforts to move vacant homes to rental status through bulk sales to private investors. Download the current issue.