Federal Reserve launches Investment Connection Online

113690314The Federal Reserve Bank of Kansas City has launched a Web-based tool called Investment Connection Online.

The goal is to match funders–including financial institutions, government, corporate enterprises and community foundations–with organizations that have community and economic development proposals that need an investment, grant or loan.

Investment Connection makes it easier for funders to learn about multiple proposals, new partnerships and investment opportunities. In addition, nonprofits can access multiple funders looking for community and economic development investment ideas via one website.

The forum also informs funders about critical needs facing low- and moderate-income populations, along with ideas about how to begin building relationships with members of the nonprofit community.

“The Federal Reserve works to bring together partners to share ideas and find innovative approaches to issues,” said Ariel Cisneros, community development senior advisor for the Federal Reserve Bank of Kansas City in a news release Monday.

A funder can review proposals throughout the Tenth Federal Reserve District, which includes Colorado, Missouri, Nebraska, Kansas, Oklahoma, Wyoming and northern New Mexico.

All the proposals must be Community Reinvestment Act (CRA) eligible and benefit populations below 80 percent area median income.

Typical proposals include:

• Asset Building/Financial Education

• Community Facilities

• Small Business Development/Microlending

• Neighborhood Stabilization/Affordable Housing

• Workforce Development

To begin the process, funders should visit:

http://www.kansascityfed.org/community/cdi/investmentconnection/proposals.cfm

As the regional headquarters of the nation’s central bank, the Federal Reserve Bank of Kansas City–along with its branch offices in Denver, Oklahoma City and Omaha–participates in each of the Federal Reserve’s three mission areas of monetary policy, banking supervision and financial services.