Smaller Industrial Cities
The Boston Fed undertakes research and on-the-ground, catalytic work that promotes the prospects for New England’s smaller cities and their residents. Smaller cities in the region possess unique assets, and many are important centers of growth. They also face a unique set of challenges resulting from a decline in manufacturing, among other difficulties. Drawing on lessons from Boston Fed research on small cities, we focus our efforts on building the civic infrastructure—or collaboration and leadership—of local institutions. As such, we partner extensively with city and state leaders and organizations to harness their strengths to create meaningful improvements in these cities.
An effort to help identify a coordinated set of capacity-building and financing activities that strengthen the ability of Working Cities to attract and deploy community investment capital.
A grant competition to advance collaborative leadership in smaller New England cities.
Household Financial Stability & Economic Mobility
It is critical that lower-income families and individuals have resources available to build assets, access credit, and invest for the future. The Boston Fed is leading several initiatives to help lower-income households overcome the barriers they face to financial stability and increase their opportunities to prosper economically.
Current initiatives to advance the financial stability of low-income residents focus on several different strategies. These include supporting Children’s Savings Accounts and promoting related research on promising tools for building economic strength; working with community colleges to help increase the capacity of their students—many of whom come from disadvantaged backgrounds—to better manage their financial situations and increase their college persistence and success; exploring how technology can help asset-building interventions, such as matched-savings programs, be more effective; and studying and highlighting troubling racial wealth disparities in communities of color.
Kick-starting success with savings for post-secondary education.
Examining the extent to which financial capability interventions help students effectively manage their finances and contribute to increased persistence in community colleges.
An initiative to bring attention to racial wealth disparities in communities of color and encourage conversations about possible solutions.
A hands-on workshop on advancing financial capability efforts targeted at underserved young people by using emerging educational technologies.
Exploring the potential role of technology in improving the effectiveness of asset-building programs, such as Individual Development Accounts (IDAs).
Increasing Employment Opportunities
The Boston Fed supports and helps advance policies and innovations that improve the employment opportunities and human capital of New England’s low- and moderate-income individuals. Examples of our work in this area include ongoing research about the barriers that workers employed through temporary employment agencies face; exploring issues and innovations in youth workforce development through partnerships, research, and pilots—such as our in-house internship program for Boston youth—where we’re testing the potential impact of “just-in-time” enrichment content and supports; and engaging financial institutions and subject-matter experts to enhance financial capabilities through youth workforce employment programming.
A Boston Fed hands-on event that explored soft-skill credentialing and the potential of the new credentialing technique, digital badging, as a toll for improving workforce outcomes.
A one-day conference focused on improving systems leading to enhanced financial behaviors and outcomes for Workforce Innovation and Opportunity Act (WIOA) youth and young adults.
The Boston Fed’s innovative high school internship program which combines early work opportunities and targeted enrichment supports to catalyze the upward social and economic mobility of young adults in Boston.
Emerging Low- and Moderate-Income Issues
The Boston Fed tracks emerging issues in New England’s community development landscape through engagement with regional stakeholders, collection and analysis of local data, and exploration of relevant low- and moderate-income topics in our magazine.
The Boston Fed’s forum for sharing of information about low- and moderate-income issues in New England.
A compilation of service providers' perceptions of the economic and financial conditions of lower-income communities and individuals in New England and the organizations that serve them.
Data resources on socio-economic demographics and characteristics of low- and moderate-income communities, small businesses, and mortgage trends in the New England region.
Collection and analysis of data to inform deeper understanding of the business conditions, credit needs, and borrowing experiences of small businesses.