2021 Series • 21–1
The downstream benefits of higher incomes and wages
by Anna Godøy and Ken Jacobs
The Regional & Community Outreach (R&CO) department serves as the community development arm of the Boston Fed. We work with financial institutions, community-based organizations, policymakers, and others with an interest in supporting the economic strength of low- and moderate-income (LMI) people and communities in New England. We do this by convening stakeholders with similar goals, conducting research, and sharing ideas that work. We also collaborate with community development offices at the other Federal Reserve Banks to help advance nationwide initiatives.