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The Center for Rural Economies works to strengthen small town and rural economies by generating research, sharing knowledge and resources, and building partnerships that help these communities thrive. It informs monetary policy and our understanding of the U.S. economy by monitoring the impact of employment and prices trends on small town and rural economies. We envision strong and resilient small towns and rural communities that create lasting opportunity for employment and economic growth.

Our Research


We conduct comprehensive, data-driven research on rural economic development, exploring key areas such as education and career pathways, business dynamics, and economic resilience. Our research is informed by our regular interactions with community and business leaders, which provide valuable insights that help shape our work and inform monetary policy.

Nov. 10, 2026

The importance of human capital development in rural communities was one of the topics discussed during the 2026 Investing in Rural America Conference, hosted by the Federal Reserve Bank of Richmond in partnership with the Federal Reserve System and Rural LISC. In this episode, Sarah Gunn, the Richmond Fed's district outreach manager for workforce pathways, provides an overview of the topic. We also hear from three conference speakers: Alexander Ruder, assistant vice president on the Atlanta Fed's Community and Economic Development team; Julianne Dunn, director of workforce and financial prosperity at Rural LISC; and Melana Howe, corporate liaison and apprenticeship coordinator for Lake Region State College.

Nov. 4, 2026

The ways that rural communities improve the flow of capital was one of the topics covered at the 2026 Investing in Rural America Conference, hosted by the Federal Reserve Bank of Richmond in partnership with the Federal Reserve System and Rural LISC. In this episode, Jason Smith, the Richmond Fed's senior community development advisor, discusses what the Bank has done to improve capital investment in rural areas. We also hear from three conference speakers: Robin Hacke, co-founder and senior fellow at the Center for Community Investment; Alex Flachsbart, founder and CEO of OPAL Community Capital; and Diane Standaert, senior vice president of policy and advocacy at HOPE Credit Union.

Oct. 21, 2026

Raj Chetty discusses his research on economic mobility and variations in how readily people can climb the income ladder, especially in rural communities. Chetty, an economics professor at Harvard University and director of Opportunity Insights, gave the keynote address at the Investing in Rural America Conference in September 2026.

Our Programs


The Center offers programs like the Rural Investment Collaborative, annual Investing in Rural America Conference, and ongoing webinar series to support and empower rural communities. These initiatives provide actionable resources, enhance access to funding, and foster collaboration among rural organizations and leaders.

The annual Investing in Rural America Conference brings together rural leaders, experts, and innovators to share insights, strategies, and success stories. This conference offers unparalleled networking opportunities and a chance to learn from those at the forefront of rural economic development.

The Rural Investment Collaborative™ seeks to improve economic investment in small towns and rural communities. We collaborate with rural hubs and funding sources to help communities develop project proposals and make access to funding easier.

Community Conversations are powerful, on-the-ground exchanges where Richmond Fed leadership engage directly with rural business owners and community leaders. These candid dialogues provide invaluable insights that shape our monetary policy decisions and research initiatives, ensuring our work remains relevant and responsive to rural America's needs.

Rural Spotlights from Around Our District


Explore our interactive map showcasing the small towns and rural communities we've visited across the Federal Reserve's Fifth District, which includes Maryland, North Carolina, South Carolina, Virginia, West Virginia and Washington, DC. Each highlighted area offers valuable insights and case studies, providing real-world examples of challenges faced and innovative solutions implemented by these communities. Our hope is they will serve as inspiration and learning opportunities for others.

Download Full List of Initiatives Last Updated on August 20, 2026

Conferences & Events


“The Center for Rural Economies represents our commitment to strengthening rural communities and economies. By centralizing our efforts, conducting rigorous research, and fostering partnerships, we're working to create lasting opportunities and build resilience across rural America."

Daniel Davis

Daniel Davis

Group Vice President of Regional Economics and Center Leadership


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