Search Results
Journal Article
Investing in the Great Outdoors
While the appeal of Mother Nature has always been self-evident to enthusiasts, the COVID-19 pandemic brought in new converts. Once it became clear that the virus spread less easily in open spaces, and with many indoor options shut down, outdoor recreation became a compelling option for anyone looking to escape their home or apartment in 2020.In addition to visiting state parks and trails in record numbers, many Americans moved from cities to suburbs, small towns, and rural places in search of more open spaces. According to a March 2023 report from Harvard University's Joint Center for Housing ...
Journal Article
At the Richmond Fed: Collaborating to Improve Rural Access to Capital
Small towns and rural communities play a key role in the Fifth District's economy. Not only do they make up nearly one-quarter of the region, they also have important economic ties to neighboring cities and counties.That's why the Richmond Fed is addressing the economic health of rural areas as part of its broader mission of strengthening the economy. Working with partners on the local, regional, and national levels, the Bank's Community Development team recently launched the Rural Investment Collaborative to increase economic investment in small towns and rural communities throughout the ...
Discussion Paper
Land at Risk: Heirs' Property in the Carolinas
In 2021, the Richmond Fed highlighted the issue of heirs' property (and its prevalence in Maryland and Virginia) in a Regional Matters post. Heirs' property occurs when land is transferred from one generation to the next without a clear will or definition of land ownership. Since multiple heirs can lay claim to a parcel of land, heirs' property can impede or complicate the sale of the land or the ability of owners to prove ownership, among other challenges.Using the same methodology for North Carolina and South Carolina, this Regional Matters illustrates the prevalence of heirs' property ...