Matt Martin and Erika Bell recall their visit to western North Carolina to learn more about revitalization efforts in response to long-term changes in the regional economy as well as the aftermath of Hurricane Helene. Also in this episode, Scott Webber, town manager of Spindale, N.C., shares how he has worked with community partners to support redevelopment in the region.
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Erika Bell and Hunter Jones describe the importance of the Federal Reserve Bank of Richmond connecting with small towns and rural communities throughout the Fifth District, including those in western North Carolina recovering from Hurricane Helene.
Many rural areas lack sufficient resources to strengthen the STEM pipeline. How is one nonprofit in South Carolina addressing the workforce gap in hopes of reducing rural flight?
Daniel Davis talks about the importance of understanding the economies of small towns and rural areas. He also discusses the work that the Federal Reserve Bank of Richmond has done to examine these economies and connect with community leaders, including the recent launch of the Richmond Fed's Center for Rural Economies and Investing in Rural America webinar series.
Mary Donnan and Victor Farmer discuss two projects in the Fifth District that illustrate the challenges of economic development in rural communities and the importance of philanthropic organizations in addressing those challenges. They also reflect on how the Richmond Fed's Community Investment Training program, whose core curriculum is provided by Invest Appalachia, helped move the projects forward.
The Community Investment Training helps rural leaders jump-start development projects, and based on the 2024 and 2025 cohorts, the Richmond Fed's community development team shares some lessons learned.