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The more things change, the more things… change! I’d like
to take this opportunity
to announce some shifts within the San Francisco Federal Reserve Bank’s
Community Development department. After over 10 years with the Fed,
with
the last two as Community Affairs Officer, Jack Richards moved on in
February
to pursue his entrepreneurial goals. Throughout his career, Jack played
a significant role
in establishing innovative programs in our District, and he recruited
and mentored a stellar
team. Jack will be missed by all of us, and we want to thank him for
his many contributions
to the department and offer best wishes in his new endeavors.
It is also my pleasure to announce that Scott Turner
has been named Director and
Community Affairs Officer for the Fed’s 12th District. He came
to the Bank in 2002 as a
Community Affairs Specialist, then assumed management of the Community
Development
staff and was instrumental in establishing a community development
research team.
Before joining the Fed, Scott was an Executive Director at Morgan
Stanley in New York
City, and prior to that served as the Deputy Commissioner for Policy
for New York City’s
Housing Department.
In this issue of Community Investments, you’ll
read about the changes that are taking
place in rural areas in the 12th District and beyond. Whether on
native lands or in small
towns, rural community and economic development efforts are starting
to focus on the
development of internal assets, such as building leadership and
entrepreneurial capacity,
and practitioners and policy-makers are increasingly looking for
innovative ways to
leverage limited resources to build housing, improve infrastructure,
and reduce poverty.
We hope that the initiatives highlighted here will spark further
thought and discussion on
how public, private, and nonprofit organizations can better reach
remote and underserved
areas to help support sustainable community and economic development
strategies.
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