Prabal Chakrabarti is Senior Vice-President at the Federal Reserve Bank of Boston in the Regional and Community Outreach department, which focuses on economic growth for low and moderate income people. He has published and presented research on community development topics such as affordable housing, venture capital in secondary cities, and urban business development. He plays a key role in designing and implementing a competition to revitalize smaller cities called the Working Cities Challenge. He has edited volumes on the future of the Community Reinvestment Act and on addressing challenges from foreclosed properties.
Previously, Prabal was at the Initiative for a Competitive Inner City, where he led a research effort under Harvard Business School Professor Michael Porter to measure economic competitiveness in America’s inner cities. Prabal previously served in the U.S. Treasury in economic policy and he co-wrote a UNDP report Unleashing Entrepreneurship: Making Business Work for the Poor.
Prabal holds graduate degrees from MIT and Oxford University, where he was a Marshall Scholar, and a B.S. from the University of Illinois, where he was a Truman Scholar. He serves on the Marshall Scholarship Selection Committee and on the board of directors of the Children’s Investment Fund.