Federal Reserve Bank System: Impact of COVID-19 on Organizations serving Low- to Moderate-Income Communities

November 22, 2021

Register today for, Connecting Communities: Investing in Rural Prosperity: A Framework for Advancing Shared Economic Prosperity in Rural Communities across the United States at the Connecting Communities┬« website. Participation is free, but pre-registration is required. 

Session Date: Thursday, December 2nd, 2021 

Session Times: Hawaii: 9:00 a.m.; Alaska: 11:00 a.m.; Pacific: 12:00 p.m.; Mountain: 1:00 p.m.; Central: 2:00 p.m.; Eastern: 3:00 p.m. 

The current public health and economic crisis brought on by the COVID-19 pandemic has had a disproportionately negative impact on historically underserved individuals and communities of color. Stabilization and recuperation are happening slowly; however, it is important to monitor the conditions and needs of the organizations serving the most severely impacted communities to foster an inclusive recovery. These organizations are the infrastructure that aids in promoting economic resilience and mobility for all. Without them, we risk an uneven recovery from the pandemic. 

The national COVID-19 Community Impact Survey, administered by the Federal Reserve System, was designed to track the significant impact the pandemic has had on low- to moderate-income (LMI) communities and the entities serving them. The survey was created to amplify the voices of people working on the frontlines to serve distressed communities. 

In August 2021, the latest iteration of the survey was implemented in collaboration with eight national partners. During this session, we will discuss findings affecting organizations serving LMI communities, and how this research informs decision-making for our partners and other community development practitioners. 

Speakers: 

  • Nishesh Chalise, director of community-based policy and analysis, Federal Reserve Bank of St. Louis 
  • Ellicia Lanier, founder and executive director, Urban Sprouts Child Development Center 
  • Sabeen Perwaiz, president and CEO, Florida Nonprofit Alliance 
  • David L. Thompson, vice president of public policy, National Council of Nonprofits
  • Matuschka Lindo Briggs, director of special projects and strategic support, Federal Reserve Bank of St. Louis (moderator)