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Bridges: Published Quarterly by the Community Development department of the Federal Reserve Bank of St. Louis

SUMMER 2008

Exploring Innovation in Rural Areas

"Green, Affordable" Housing: A Contradiction in Terms?

Commentary: Philanthropy and the Foreclosure Crisis

Brochure Gives Tips on Avoiding Foreclosures

Cheeks Named to Fed Post

Public Asked To Comment on Credit Card Rules

The Wage Gap

Bank Names President

Tennessee Law Focus of New Brochure

Bridges Survey Tells Us about You, Your Interests
(Online-only content)

Spanning the Region

Calendar

Resources

 

A Closer Look
Included with Bridges is A Closer Look, a supplement that takes topics from previous and current issues of Bridges and examines them from the perspective of a particular area or community. This issue of A Closer Look, features a farmers market in Louisville that has had a far-reaching effect on several distressed neighborhoods.

 

 

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Past Issues

Exploring Innovation in Rural Areas
Big Things Are Happening in Small Communities

 

By Amy Simpkins
Community Affairs Specialist
Federal Reserve Bank of St. Louis

Dyess school

Dyess, Ark., received a $42,000 grant to help restore this building. When completed, it will house the Johnny Cash Memorial and city offices.

Community developers are innovators by nature—or maybe out of necessity. For many decades, they have worked to raise awareness, build consensus and improve social and economic conditions in communities, often with few resources.

The Federal Reserve Bank of St. Louis celebrated the culture of innovation that is so much a part of the community development profession during its first-ever “Exploring Innovation in Community Development Week” from April 14-18.

Activities across the Bank’s Eighth District drew national attention to the community development industry and its important role in American life. Speakers, resource fairs and workshops focused on innovation and turning ideas into results.

From all of these discussions, a common theme emerged: Innovation can be found in all types of communities, facing all types of challenges. Innovation is not limited to big cities or urban areas. There is story after story of community development professionals, elected officials and citizens in small towns across the Eighth District embracing innovation as a way to preserve their communities.

Certainly, rural areas have unique assets and face unique opportunities. But one thing is for sure, big things are happening in small communities. A perfect example is Dyess, Ark. ...FULL STORY

 


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