Community Development & Education

The New York Fed’s Community Development unit works with community leaders to understand community needs and with capital providers to foster economic opportunities in underserved communities.

Our hope is that by identifying and elevating promising ideas that have the potential to make transformative changes, and by connecting those ideas with funding, we can begin to dismantle racism and poverty.

‘Human capital’ means everyone from a toddler spooning applesauce in a house down a gravel driveway to a neurosurgeon finishing her coffee in a brownstone. What happens to our people determines the wealth of our nation. – David Erickson

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