Reinvesting in the Greater Chatham Neighborhoods in Chicago: New Data and Insights from Practitioners and Policymakers
In the not too distant past, Chicago was known as the center of black capitalism in America, and within the city, the Chatham neighborhood reflected the heart of black middle-class aspirations. In recent years, residents of Chatham and other south side neighborhoods have confronted a barrage of challenges to their once stable communities. In hopes of stanching this tide, Congressman Bobby Rush, whose district includes the Chatham neighborhood, and scores of civic leaders, helped launch the Greater Chatham Initiative (GCI) in June 2016,1 to mobilize resources for a comprehensive set of ...
Participatory Budgeting: Enhancing Community Reinvestment through Public Engagement
Community engagement is not an easy task. This is especially true in communities with historically underrepresented and underserved populations who do not feel connected to the planning process. However, some municipalities across the country are finding success through the use of participatory budgeting.
Demographic Trends Are Major Factors in Today’s Weak Labor Force Growth
The size of the US labor force declined by 2.3 million people between December 2019 and December 2021, sparking widespread debate about the underlying factors constraining labor supply. Broadly speaking, changes in the overall size of the labor force come from changes in labor force participation rates (LFPRs), changes in the demographic makeup of the population, and changes in the size of the population. Research has documented the role of changes in LFPRs, especially the jump in the number of retired people (Briggs, 2021; Faria e Castro, 2021; and Kaplan et al., 2021) and the drop in the ...
Population Lost: Puerto Rico's Troubling Out-Migration
For the first time in modern history, Puerto Rico is seeing its population decline. This troubling loss can be traced to an exodus of Puerto Rican citizens to the U.S. mainland, a current that has picked up considerably in recent years as Puerto Rico's economy has deteriorated. Today, fully a third of those born in Puerto Rico now reside on the U.S. mainland. In this post, we examine the recent surge in out-migration that is driving Puerto Rico's population decline (which we delve into in more detail in a recent article in the New York Fed's Current Issues in Economics and Finance series), ...
Business Dynamism and City Size
Business dynamism has been decreasing since the 1980s, but less so for larger cities.
Looking for Progress in America's Smaller Legacy Cities: A Report for Place-based Funders
Place-based funders2 can play an important role in connecting economic growth to economic opportunity. Looking for Progress in America's Smaller Legacy Cities describes a study tour undertaken by representatives from four Federal Reserve Banks and more than two dozen place-based funders, under the auspices of the Funders? Network-Federal Reserve Philanthropy Initiative. What began as an inquiry into four small legacy cities ? Chattanooga, TN; Cedar Rapids, IA; Rochester, NY; and Grand Rapids, MI ? that appeared to have experienced some measure of revitalization in the post Great Recession ...
Gone to Texas: immigration and the transformantion of the Texas economy
The United States welcomes more immigrants than any other country, and Texas welcomes more migrants?foreign and domestic?than any other state. Nearly half of all new arrivals to the state are foreign born. With a population of over 4 million immigrants, Texas is one of the top three states in terms of the number of foreign born living within its borders. Immigration to Texas has been both a cause and consequence of rapid regional growth. The strong economy and the Texas business model?low taxes, few regulations and a low cost of labor?have attracted many businesses and workers in recent ...
An Analysis of African American Interstate Migration to Iowa
There are many motivations for family moves to other states. New jobs, lower crime rates and better schools are a few. A common rumor in Iowa is that many low-income blacks are relocating to the state from communities in Illinois, Wisconsin and elsewhere to take advantage of the state's generous welfare benefits. This article attempts to explore that assumption by clarifying who is moving to Iowa and why. The conclusion, based on census data and a brief review of the literature, is that although perception belies reality, the reality is more nuanced than one might expect.
Investing in Healthy Rural Communities – Lessons Learned and Future Directions
The Federal Reserve System and the Robert Wood Johnson Foundation (RWJF) created the Healthy Communities Initiative to enrich the debate on how cross-sector and place-based approaches might revitalize neighborhoods and communities, while improving health and well-being for residents. A large body of research and evidence demonstrates inextricable linkages between economic success and physical and mental well-being. People who live in economically challenged areas endure more stress, are more likely to report their own physical and mental health as being just ?fair? or ?poor,? are more prone ...