Cleveland Federal Reserve Bank

a photo of the Federal Reserve Bank in Cleveland
FEDERAL RESERVE BANK, CLEVELAND

The Federal Reserve Bank of Cleveland is introducing a new program intended to line up funding for community development projects.

It has launched an online tool, called Investment Connection, that allows community-based organizations to propose eligible projects to various financial institutions.

Assistant Vice President of Community Development Mary Helen Petrus said the Fed is specifically interested in proposals affecting low-income areas in Appalachia.

photo of Cleveland Federal Reserve Bank
M.L. SCHULTZE / WKSU

A new report from the Federal Reserve Bank of Cleveland shows that for the past half century, the wealth gap between white and black households has increased – and that’s due to several factors.

photo of The Cover of the report on microbusinesses from the Federal Reserve Bank of Cleveland
THE FEDERAL RESERVE BANK OF CLEVELAND / THE FEDERAL RESERVE BANK OF CLEVELAND

New business startup rates in Ohio and across the U.S. remain low despite a growing economy. The latest study from the Federal Reserve Bank of Cleveland offers one explanation for the trend. 

FEDERAL RESERVE BANK OF CLEVELAND

A new report finds that minority-owned businesses have a more difficult time getting credit from lenders than companies with white owners.

ROLF PENDALL
FEDERAL RESERVE BANK OF CLEVELAND

The industrial heartland continues to struggle with the legacy of lost jobs and population. But whether it continues to be known as a rustbelt or for its renewal depends on whether Ohio invests in immigrants and young people. WKSU’s M.L. Schultze has more from the national Federal Reserve summit that got underway in Cleveland today.