Atlanta Fed Participates in Poverty Research
The Federal Reserve Bank of Atlanta's Community Affairs Department is collaborating on a research project designed to identify new ways to help poverty-stricken communities.
Atlanta Fed staff will join counterparts from other Reserve Banks and experts from the Brookings Institution, a Washington, D.C.–based policy research organization, to study impoverished U.S. communities in fast-growing metropolitan areas, older cities, and rural areas.
Pockets of persistent poverty to be studied
Atlanta Fed staff will research the Little Haiti area of Miami and a neighborhood in Albany, Ga. The Atlanta Fed’s Community Affairs staff, part of the Supervision and Regulation Department, will be visiting the Little Haiti and Albany neighborhoods in early 2007 to meet with residents, community leaders, government officials, schools, police, and others.
"We are also interested in identifying and evaluating the effectiveness of programs that are available—if any—to alleviate poverty in these communities. We want to determine what's working and what's not working," she added.
Research is scheduled to continue through March, and case studies on each community should be completed by May or June. The Fed and the Brookings Institution will issue a joint publication on the project's findings by the end of summer 2007.
Individual Reserve Banks will also explore additional publication opportunities for the research and the prospect of sharing relevant research findings with their internal and external constituencies.