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Press Release

Policy Summit to Focus on Revitalizing Communities

05.05.2004

How can we revitalize our communities and neighborhoods -- not just the bricks and mortar, but also the people who live there? That is the focus of the 2004 Community Development Policy Summit to be held on May 14 at The Columbus hotel (formerly Adams Mark), in Columbus, Ohio.

Community development practitioners, public officials, bankers, and anyone interested in community revitalization will want to attend this conference. Members of the news media are invited to attend, free of charge, but must register in advance.

Sponsored by the Federal Reserve Bank of Cleveland, the day-long conference will address:

  • Strategies for building wealth, including public-private partnerships, and tools for creating assets, such as Individual Development Accounts, Earned Income Tax Credits, and financial literacy. Sessions will also discuss the unbanked and payday lending.
  • Public infrastructure improvements and their role in community revitalization.
  • The regulatory environment and its implications for community development, including servicing of the new immigrant market.

The 2004 Community Development Policy Summit is being sponsored by the Cleveland Reserve Bank in partnership with the Federal Deposit Insurance Corporation (FDIC), Local Initiatives Support Corporation (LISC), Office of the Comptroller of the Currency, and Office of Thrift Supervision (OTS), and with support from The Enterprise Foundation, Neighborhood Reinvestment Corporation, and the Ohio Capital Corporation for Housing.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.218.1892