Federal Reserve Bank of Philadelphia’s Post

Interesting read: Higher education is an example of a large, public-facing, public-serving anchor institution whose jobs and services support local economic activities. As one of the area's largest employers and major purchasers of goods and services, it has the opportunity to be a key partner in community and economic development. I'd love to know your thoughts and ideas as to how this may relate to #PennStateUniversity and #economicdevelopment in #downtownstate college.

I'm thrilled to share this article, which is a direct outcome of the site visit I helped orchestrate in May for the Federal Reserve Bank of NY. A second one is in the works. Key takeaway: When it comes to influencing public policy, seeing is believing. By bringing policymakers into our communities, we create powerful, lasting impressions that can drive real change. The visit allowed decision-makers to: • Witness community challenges firsthand • Engage directly with local stakeholders • Understand the practical implications of policies This experience underscores a crucial strategy in advocacy: bridging the gap between policy and reality. It's not just about presenting data; it's about creating meaningful connections.

Today's #ChallengePovertyWeek theme of "Adequate Incomes" is one that is close to our hearts here at Capital City Partnership. The blog we have published today by Kate Kelman gives an insight into our role as an organisation and how we work to support both employers and those seeking work, as well as to join the dots between them. https://lnkd.in/ebSHHCF2 #employment #employability #edinburgh #scotland #ChallengePoverty

We have exciting #WakeNews! The 2023 Annual Housing Report is now available! 🏡 This report provides a detailed analysis of the current state of housing issues facing our community and offers valuable insights for residents, policymakers and industry professionals. Learn more ➡️ https://ow.ly/eb5l50Qfhaf

Great to be back at Social Housing magazine annual conference - sessions so far on the economic outlook, regulatory environment, new funding partnerships, financial resilience and stress testing, the capacity of smaller housing associations to deliver homes and services. I’ll be chairing one on how traditional funders (debt) are viewing the sector and its challenges, perspectives on sector credit profiles, and the role for #esg and #sustainablefinance, and Importance of data and disclosure. #ukhousing #housingfinance #socialhousing #housingcrisis #costofliving

"The regions that figure out housing are ahead of the curve." -- Renee Haltom I'm passionate about our rural communities not only thriving but also surviving, so this quote from Federal Reserve Bank of Richmond VP Renee Haltom really stood out to me. Do ya'll know of any rural communities doing innovative things around housing? I'd love to hear ideas. I've found that sometimes local leaders have a dated perspective on business attraction (something that's been haunting them for decades), but don't really want to wrestle with the current reality of our housing shortage. This national issue is compounded in rural regions by the brain drain, age wave, and challenged (and often underfunded) public school systems. What if we get that next big win? That big announcement? If we don't have affordable and professional housing, where will those employees live? What's the point of attracting companies if we can't also keep the employees local? We need their income multiplier to help build our economy. So, for this #throwbackthursday I'm thinking about housing. Shout out to the Richmond Economic Forecast hosted by Richmond BizSense earlier this month. I really appreciated the vulnerability of the business owner panelists AND insights from economists. #housingshortage #ruralcommunities #economicdevelopment

A summary of SAFE AND WELL COMMUNITIES: One of the four themes part of our new Community Strategy The four themes are: Belonging, Safe & Well Communities, Stable Economy, & Thriving Environment Take the survey now! 👇 https://ow.ly/iFKZ50PBQp6 Survey closes 31 August #ThreeRivers

Today, IPPR North publishes our 10th annual State of the North - our assessment of regional inequality, focused on the North. England’s regional gaps mean where you live determines whether you have a shorter, sicker, or less fulfilling life. This is not right - and levelling up is meant to be fixing this. Yet our analysis shows that progress is too slow. Gaps in health, wealth, power, and opportunity will endure over the generations if we do not change course now. So, what did we find? Our regional gaps mean too many in the North live sicker, shorter lives: The gap in healthy life expectancy between the North and South East is not due to close until 2080, while the gap with London is set to get wider on current trends. Regional wealth inequality is growing, reaching a gap per person between the South East & the North of £228,800 by the end of the decade. Median wealth in the North East is lower now than it was in 2006 in real terms. There is an entrenched opportunity gap between North and South: by 2030, London’s employment rate will reach 66 per cent while the North East will barely surpass 56 per cent on current trends. Local spending cuts have undermined devolution and have centralised fiscal power in Westminster. This holds places back: collapsing councils can’t help close regional divides. Westminster has taken up to £2,000 of spending power per head from local democratic control since 09/10. People care about regional inequality, especially being at the sharp end of these outcomes. They feel let down by levelling up. The northern electorate has become increasingly volatile and the North more marginal. It’s crunch time: this matters for elections this year & beyond. So, what should be done? We need a decade of regional renewal - kickstarted by our ideas for focused action on health, wealth, power & opportunity coupled with broader, deeper devolution & investment in our future: 1. Restore voters' trust through empowered local and regional government and a regional lens on national policymaking. 2. Rebalance wealth in England by taxing unearned income on wealth more fairly, at the same rate as taxes on working people, to fund investment in regional economic development and local public services. 3. Empower places by fixing local funding with a fair, needs-based, whole-place funding model. 4. Create opportunity across England with a long-term, place-informed green industrial strategies. 5. Rebuild healthy places by establishing and funding Health and Prosperity Improvement zones through national and optional local levies on activities that harm health. Find out more ⬇️ https://lnkd.in/ePE2pcV9

Your voice matters for our local economy! 🌟 Take a moment to contribute to the Thunder Bay and Area Business Confidence Index (BCI) by completing this crucial survey. Your insights will play a key role in shaping the economic landscape of our community. 🔗 Survey Link: https://lnkd.in/gvG-7Z_i 📈 This survey will take approximately 15-20 minutes, but the impact will last much longer. Your responses are completely confidential and will only be analyzed in an aggregate form. By participating, you're helping to monitor growth, anticipate economic shifts, and ensure the prosperity of our region. Let's work together to build a stronger, more resilient local economy! 💪 Your insights are invaluable. #ThunderBayBCI #LocalEconomy #CommunityMatters #thunderbay #tbay #tbcedc #economicdevelopment #local #support #sustainablefuture #community #smallcitybigpossibilities

Big thanks to John Hauber of Haven Senior Investments for sharing my longevity resources recommendations with Haven's extensive network! If you're keen on the latest in longevity science, check out the slides for top podcasts, books, and videos from leading experts. Reach out for a PDF version. Here's to your health! - Ted