The Community Reinvestment Act (CRA) mandates banks’ investment, lending and services in low- and moderate-income (LMI) communities and with LMI economically vulnerable populations. The past 12 months has been a period of unprecedented economic challenges due to the adverse impact of COVID-19. The Federal Reserve, in collaboration with the other federal banking regulators, have provided guidance to financial institutions on supporting local communities, small businesses and LMI populations through community development activities to respond to the continued financial and health challenges.
The webinar will share strategies for creating collaborations that promote inclusive community and workforce development to advance economic stability for LMI workers and how to bring back to the labor force vulnerable populations defined by race, ethnicity, gender and/or disability. As the Federal Reserve Board of Governors has proposed updating and modernizing CRA regulations and a new Biden-Harris administration has begun, it is a unique time to discuss bank investment to support 21st century skills development to match future workforce demands. What role can banks play? How can community organizations be engaged with financial institutions in effective workforce development partnerships?
Please join us for this important discussion on Investing in America’s Workforce: Improving Outcomes for Workers with Disabilities and Employers.
Presenter: Stuart Andreason, Director, Center for Workforce and Economic Opportunity at Federal Reserve Bank of Atlanta
