The Federal Reserve Bank of Richmond has created a Center for Rural Economies to advance economic opportunity and resilience in rural communities across the Fifth District and beyond. The Center will lead research, policy analysis and community engagement focused on education and career pathways, business dynamics and economic resilience. The initiative is intended to deepen the Bank’s work on challenges facing rural areas, with community development director Daniel Davis pointing to a stronger focus on understanding and addressing those issues. Richmond Fed President Tom Barkin said existing rural efforts will continue through the Investing in Rural America Conference, the Rural Economic Development Webinar Series and the Rural Investment Collaborative; the Fifth District covers the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia.
Federal Reserve Bank of Richmond 2025-11-12
Federal Reserve Bank of Richmond establishes Center for Rural Economies to expand research and engagement on rural resilience
The Federal Reserve Bank of Richmond has established a Center for Rural Economies to enhance economic opportunity and resilience in rural communities within the Fifth District and beyond. The Center will focus on research, policy analysis, and community engagement in areas such as education, career pathways, and business dynamics. Initiatives like the Investing in Rural America Conference and the Rural Economic Development Webinar Series will continue.