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.
Preserving Chicagoland’s Small Multifamily Housing Stock
Our first edition of 2015 features contributions from Desiree Hatcher, a director in our Community Development group, on measures to address blight in Detroit; from Jack Markowski, president of Community Investment Corporation and chairman of the Preservation Compact, Inc., on a recent conference that addressed preserving Chicago’s small (5- to 49-unit, unsubsidized) affordable rental housing stock, and related policy implications; and from the National Community Investment Fund’s Emily Sipfle and Farah Ansari on National Community Investment Fund's BankImpact product, which provides key information to actors in the community development banking sphere. Download the Publication.
From Classroom to Career: An Overview of Current Workforce Development Trends, Issues and Initiatives
Extensive interviews conducted over the past two years as part of the Community Development and Policy Studies division’s Industrial Cities Initiative emphasized workforce development as a central concern among city leaders in the Seventh District. In an effort to clarify specific concerns falling under the umbrella of this multi-faceted topic, this edition of ProfitWise News and Views explores a range of current issues. Among other topics, we highlight: workforce-focused programs and research around the Federal Reserve System; trends in educational attainment and (resulting) wage disparity; skills gaps among those seeking work; employer efforts to train workers; and examples of current workforce development initiatives in the District. Download the Publication.