collective action for a vibrant local economy

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Collective Action for a Vibrant Local Economy August 26, 2014 Federal Reserve Bank of San Francisco Lena Robinson, Regional Manager #localeconomy https://www.facebook.com/SFFedReserve

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Post on 30-May-2015

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Presentation by Lena Robinson, Regional Manager, Community Development, Federal Reserve Bank of San Francisco.

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  • 1. #localeconomyhttps://www.facebook.com/SFFedReserve

2. http://www.frbsf.org/community-development/about/ Foster economic growth and financial stabilityfor LMI communities and households Increase investments and improve access tocapital and credit in low- and moderate-incomecommunities Strategic focus areas1. Place2. People3. Small Business4. Field Building 3. Economic and social inequality is a complexproblem Communities are a multifaceted ecosystem 5 core principles Common Agenda Shared Measurement Mutually Reinforcing Activities Continuous Communication Backbone Supporthttp://www.ssireview.org/articles/entry/collective_impact 4. Provides jobs for local residents and otherentrepreneurs; complements sector basedworkforce development and job trainingefforts Allows money to recirculate in thecommunity and reduces capital leakage2 Creates a sense of community andcatalyzes broader improvements11. Reid, Carolina. The Corner Store: Investing in a Sense of Place. Community Investments, Spring 2006;Federal Reserve Bank of San Francisco2. http://www.yesmagazine.org/commonomics/welcome-to-commonomics-how-to-build-local-economies-strong-enough-for-everyone 5. CommunityChampionInvestmentBusinessdevelopmentorganizationsLocalPropertyownersgovernmentresources/supportBusinesses/anchorsResidents/patronsLocalmakers/growers/artists 6. https://www.youtube.com/watch?v=Qg4X7eLYv1o