Discussion Paper
Jump-Starting Rural Community Development Projects: Lessons Learned
Abstract: In an effort to address both the supply- and demand-side barriers of rural project development, the Richmond Fed partnered with rural-facing organizations to launch the Rural Investment Collaborative™ (RIC). A core strategy of the RIC is the Community Investment Training, which helps rural leaders jump-start development projects for their communities. Cohort members, after graduating from the four-month training program, become part of an alumni network with opportunities to apply for additional resources. To date, the program has trained 42 leaders, and external partners have awarded $389,000 to support the development of their projects across the region. The Richmond Fed's community development team has learned some early lessons from the 2024 and 2025 cohorts.
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https://www.richmondfed.org/region_communities/regional_data_analysis/regional_matters/2025/jump-starting_rural_community_development_projects
Description: Discussion Paper
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Provider: Federal Reserve Bank of Richmond
Part of Series: Regional Matters
Publication Date: 2025-06-09