Looking for Progress in America's Smaller Legacy Cities: A Report for Place-based Funders
Susan Longworth ()
Additional contact information
Susan Longworth: Federal Reserve Bank of Chicago
Profitwise, 2017, issue 3, 21-28
Place-based funders2 can play an important role in connecting economic growth to economic opportunity. Looking for Progress in America's Smaller Legacy Cities describes a study tour undertaken by representatives from four Federal Reserve Banks and more than two dozen place-based funders, under the auspices of the Funders’ Network-Federal Reserve Philanthropy Initiative. What began as an inquiry into four small legacy cities – Chattanooga, TN; Cedar Rapids, IA; Rochester, NY; and Grand Rapids, MI – that appeared to have experienced some measure of revitalization in the post Great Recession environment evolved into an understanding that revitalization in these places is moving along two distinct paths: an “arc of growth” and an “arc of opportunity.” In the context of these small legacy cities, growth and opportunity is unfolding separately along these two long-term “arcs,” leading to the conclusion that broad community prosperity lies in: 1) recognizing that growth alone does not naturally lead to opportunity; and 2) advancing deliberate policies, investments, and programs that connect growth to opportunity. Tour participants observed that without the action of organizations like placed-based funders, that connection rarely occurs.
Keywords: Community development; economic development; population; poverty; unemployment (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.chicagofed.org/~/media/publications/pr ... ess-article2-pdf.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhpw:00038
Ordering information: This journal article can be ordered from
http://www.chicagofe ... ation_order_form.cfm
Access Statistics for this article
More articles in Profitwise from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Bernie Flores ().