Hegle Joins Community Development StaffJuly 2, 2015
I am excited to be the newest addition to the Community Development team at the Federal Reserve Bank of Kansas City. I partnered with the Community Development team through my previous work in the KCSourceLink and U.S.SourceLink programs at the University of Missouri-Kansas City.
The Ewing Marion Kauffman Foundation funded KCSourceLink in 2003 to help aspiring and established small businesses find the right resources to start or scale their businesses. The initiative focused on mapping community assets (service providers), assisting business owners in connecting with relevant service offerings and creating a sense of community among service providers within the network.
Through U.S.SourceLink I consulted with government agencies, universities and nonprofits on how to strengthen their entrepreneurial communities. Understanding the changing needs of the small business community, building meaningful community partnerships and developing innovative approaches to community issues are all paramount to the creation of thriving ecosystems.
I am eager to apply my past experience to my new role at the Fed, where I will assist communities in responding effectively to emerging challenges using research, relationship building and resource development. Our work across the seven states within the Tenth District focuses on:
1. Community Development Investments
We implement programs in partnership with other regulatory agencies to provide community reinvestment training for lenders and to assist them in identifying community development investment opportunities.
2. Financial Stability for the Underserved
We develop programs that expand and strengthen the opportunities for low- and moderate-income individuals and families to gain financial security through access to appropriate financial products and financial education.
3. Workforce Development Initiatives
We identify economic needs, expand knowledge and promote successful models that assist communities with workforce development and support efforts to integrate economic inclusion into employment and training programs.
4. Small Business Development and Sustainability
We provide exposure and collaborative opportunities for small business development organizations, develop products that support small business and micro-enterprise development and participate in efforts that support minority-owned and women-owned businesses.
5. Healthy Neighborhoods
We support housing and foreclosure solutions, strengthen neighborhood stabilization awareness, promote promising approaches to sustainable neighborhoods and develop and disseminate relevant and timely information.
My counterparts in the Denver, Oklahoma City and Omaha Branches lead bank initiatives on the first four focus areas. My efforts will center on Healthy Neighborhood initiative across our seven-state district. I will also work with my Denver, Oklahoma City and Omaha peers to bring their expertise to communities in Western Missouri and Kansas.
Additionally, I have assumed editorial responsibility for Community Connections. This bimonthly publication is designed to connect you with timely information related to the five key areas above. As someone working in one of these areas, your suggestions for future content are greatly welcomed. Whether it is information you have on an innovative program or an important issue affecting your community, please share your thoughts with me.