October 28, 2013

A roundup of information, events and happenings from around the Tenth District and the Federal Reserve System.  

Studies Highlight Shadow Labor Market

New labor market studies highlight the implications of the shadow labor market on the unemployment rate and provide new measures for assessing labor market conditions. Visit our Workforce Development section for more information.

Treasury Awards $172 Million in Low-Income Aid

The U.S. Treasury presented awards of more than $172 million to organizations serving low-income communities, including organizations in the Tenth Federal Reserve District states of Colorado, Missouri and New Mexico. View the list of Community Development Finance Institutions around the country that received funding.

Investment Connection Now Online

Since 2011, Investment Connection events have matched financial institutions, government agencies and corporate funders with nonprofits in need of capital to pursue community and economic development proposals. Investment Connection has connected non-profits with more than $23,000,000 in investments, loans and grants that qualify under the Community Reinvestment Act. Now, nonprofits can be a part of Investment Connection Online.

We are enhancing Investment Connection with an online directory, eliminating the restrictions on time and participants, enhancing the opportunity for nonprofits to reach potential funders. To take part, nonprofits can supply information by completing an online form.

Investment Connection proposals must be CRA eligible, benefit populations below 80 percent area median income, and be located within the Tenth Federal Reserve District.

We ask that you submit your proposals as soon as possible, as the directory will be opening to funders soon.

You can find Investment Connection Online at: Investment Connection Proposals.

Resources Help Employees Understand Paychecks

The Kansas City Fed has developed fact sheets for employees to understand and make the most of their paychecks. The additional resources for employers can be used to reinforce the information provided in the fact sheets. Visit Putting Your Paycheck to Work for more information.