Feedback Appreciated: What Community Members Told Us about Modernizing the Community Reinvestment Act (CRA)

Discussions to share info and seek public comment on proposed changes to modernize the CRA revealed two things key for ensuring access to capital for all people and communities. Read More  

Investing in Community-Driven Solutions Key to Pandemic Recovery

Communities know what improvements they need, but many lack resources or infrastructure to act. This policy tool, and an example of where it is working, can help communities put solutions into action. Read More  

Short-Time Compensation Programs Allow Some Employers to Avoid Layoffs

One anticipated effect of the 2017 tax cuts was to stimulate business investment. But the two provisions work in opposite directions, and that’s likely to keep investment lower than it would have been without the reform. Read More  

Skills Are Bridges Not Gaps: A Skills-Based Approach for Transitioning Workers to Higher-Paying Occupations

Skills-based hiring practices—those that prioritize skills necessary to succeed in a role over formal educational credentials—show potential for securing higher positions for lower-wage workers and helping employers get the workers they need. Read More  

Opportunity Occupations: A Way Ahead for People without a College Degree

People with bachelor’s degrees typically earn better wages and experience higher employment rates than workers who do not. Yet, more than two-thirds of US adults currently do not have a college degree. Since 2015, the Cleveland Fed, in partnership with Atlanta and Philadelphia Feds, has been exploring these trends by identifying occupations that pay above the national annual median wage and are generally accessible to those without a four-year college degree. Read More