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Community Development

Research and community development initiatives that support progress in low- and moderate-income communities

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Are we ready for the AI revolution?

AI has arrived in the American workplace. What's ahead? The latest issue of Invested takes a look

Eric Rosengren and Jerome H. Powell talking during a bus tour.

Fed leaders join Fed chair Powell in Conn. to shine light on community development effort

E. Hartford community improvement program taps collaboration to face challenges, create opportunity

Invested

Readying for the Next Revolution: Robots, Resilience, and a Better Future of Work

AI has arrived in the American workplace. What's ahead? The latest issue of Invested takes a look

What We Do

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Supporting Growth in Smaller Industrial Cities

Research and field support for communities focusing on efforts to improve prospects for new England’s smaller cities and their low- and moderate-income residents.

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Advancing Household Economic Security and Equity

Strategies and targeted efforts to ensure that lower-income households have the tools and means to be financially stable and fair access to opportunities to prosper economically.

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Expanding Employment Opportunities

Research and engagement efforts to promote better employment opportunities for lower-income individuals.

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Tracking and Elevating Low- & Moderate-Income Issues

Ongoing research and interactions with First-District organizations and constituents to build understanding and promote awareness of challenges facing New England’s lower-income residents.

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Programs & Initiatives

Racial Wealth Inequalities

We are examining the causes of significant racial inequities in regional economic conditions—particularly evident in New England’s large racial wealth gap—to help identify and advance policies for reversing this trend.

Increasing the Quality of Jobs

Many low-wage jobs do not provide workers with economic security. This initiative seeks to upgrade the current low-wage jobs in our economy to rebuild a strong middle class—an outcome that better serves workers, businesses, and communities.

Working Cities Challenge

Building civic infrastructure through leadership and cross-sector collaboration to spur and accelerate economic resurgence and growth in smaller industrial cities.

Early Child Care for Working Parents

The Early Child Care for Working Parents Initiative recognizes that child care access affects the financial health and job prospects of working parents. The goal is to make high-quality early care a successful part of the workforce infrastructure.

Today’s Interns, Tomorrow’s Professionals (TIP) internship program

The Boston Fed’s long-standing high school internship program for local low-income youth that combines employment opportunities with applied, research-based workforce/life-skills enrichment.

Investing in America’s Workforce

The Boston Fed is supporting a Federal Reserve System-wide initiative aimed at improving outcomes and investments for workers and businesses.

Reinventing Work Initiative

A partnership with Commonwealth Corporation and the Massachusetts Executive Office of Labor and Workforce Development to explore opportunities to collaborate with employers on redesigning entry-level jobs to better support business and worker growth.

Services & Resources

Internships and Co-ops

The Boston Fed offers a variety of paid and unpaid internship and co-op opportunities to high school and college students interested in economic research, community development, technology, finance, accounting, human resources, and other fields.

Education Resources

The Boston Fed recommends quality education resources from the Federal Reserve System and other reputable sources.

Community Reinvestment Act

The Community Reinvestment Act requires the Federal Reserve Bank of Boston to assess each state member bank's record of helping to meet the credit needs of its local communities consistent with safe and sound operation.

Publications & Data

Featured

Invested

Series

Invested

An interview-based publication focused on a range of community voices speaking to issues affecting low- and moderate-income New Englanders.

Featured

A $15 Minimum Wage in New England: Who would be affected?

2016 Series

Community Development Issue Briefs

A $15 Minimum Wage in New England: Who would be affected?

by Anmol Chaddha

Featured

The Color of Wealth in Boston

The Color of Wealth in Boston

by Ana Patricia Muñoz, Marlene Kim, Mariko Chang, Regine O. Jackson, Darrick Hamilton, and William A. Darity Jr.

Issue Three: Readying for the Next Revolution: Robots, Resilience, and a Better Future of Work

Invested

Issue Three: Readying for the Next Revolution: Robots, Resilience, and a Better Future of Work

How Forward-Looking Investors Can Incentivize the Creation of Quality Jobs

2019 • 19–4

Community Development Issue Briefs

How Forward-Looking Investors Can Incentivize the Creation of Quality Jobs

by Carmen Panacopoulos

Barriers and opportunities in the housing voucher program: The importance of race in the housing search process

2019 • 19–3

Community Development Issue Briefs

Barriers and opportunities in the housing voucher program: The importance of race in the housing search process

by Alexandra M. Curley, Erin Michelle Graves, and Gretchen Weismann

Minimum-Wage Effects by Neighborhood: A Preliminary Analysis

2019 • 19–2

Community Development Issue Briefs

Minimum-Wage Effects by Neighborhood: A Preliminary Analysis

by Erin Michelle Graves and Kaili Mauricio

High-Quality Early Child Care: A Critical Piece of the Workforce Infrastructure

High-Quality Early Child Care: A Critical Piece of the Workforce Infrastructure

by Sarah Ann Savage

Public Cost of Low-Wage Work in New England

2019 • 19–1

Community Development Issue Briefs

Public Cost of Low-Wage Work in New England

by Ian Eve Perry and Ken Jacobs

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Events

Featured

Community Development Advisory Council Meetings

Roundtable Discussion and Questions

Featured

Fintech for Social Impact

Featured

December 19, 2018

Savings Innovation Convening

Savings Innovation Convening

Featured

December 3, 2018

Community Development Advisory Council Meetings

Roundtable Discussion and Questions

Featured

November 29, 2018

Collaboration for Inclusive Economic Development

Featured

October 31, 2018

Raising the Floor: Strategies that Make Jobs Work for All

October 16, 2019

Reinventing Work Initiative: Massachusetts Business Perspectives on Recruiting, Retaining, and Engaging Talent in Today’s Marketplace

August 19, 2019

Community Development Advisory Council Meetings

Roundtable Discussion and Questions

October 17, 2018

Fintech Conference

FinTech, Financial Inclusion – and the Potential to Transform Financial Services

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People

Leadership

Contributors

Authors

Visiting Scholars & Fellows