The Federal Reserve Bank of St. Louis has released a new book which seeks to help rural communities navigate the challenges and opportunities they face to eventually reach economic prosperity.
Headquartered in St. Louis, with branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the states that comprise the Federal Reserve’s Eighth District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation’s central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes financial literacy, economic education, and community development.
Investing in Rural Prosperity addresses recent structural changes to the economy and long-term challenges, which have left many U.S. rural communities looking for a path toward prosperity.
“Many communities across rural America are at a crossroads for what steps to take to foster sustainable success,” said Daniel Paul Davis, vice president and community affairs officer at the Federal Reserve Bank of St. Louis. “This book offers community members, funders and other decision makers a glimpse into where rural communities find themselves today and examples of how engaged leaders are putting a framework for rural prosperity into action.”
An accompanying podcast episode from the St. Louis Fed, Economic Equity: Rural Prosperity in Focus, features a conversation with two of the book’s editors: Davis and Andrew Dumont, senior community development analyst at the Board of Governors of the Federal Reserve.
The full text can be found here.
An accompanying podcast episode from the St. Louis Fed, Economic Equity: Rural Prosperity in Focus, features a conversation with two of the book’s editors: Davis and Andrew Dumont, senior community development analyst at the Board of Governors of the Federal Reserve.
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