Federal Reserve to Name RI Working Cities Design Grantees

The Federal Reserve Bank of Boston has invited GCRI members to attend the announcement of the Rhode Island Working Cities Challenge Design Grant Awardees on Friday, August 12, from 10am-noon at AS220 (115 Empire Street, Providence).   Federal Reserve President Eric Rosen, Governor Gina Raimondo, Rhode Island business leaders, and representatives from national and local philanthropy will celebrate seven Rhode Island cities and towns that have been awarded $15,000 design grants to further their initiatives on behalf of low- to moderate-income residents in their communities.

Design Grant awards are the first stage of the Federal Reserve Bank of Boston’s Working Cities Challenge, an economic development effort designed to strengthen cross sector collaboration and leadership, in support of issues that affect low-to-moderate income residents.  The cities and towns that have won design grants have proven ready to participate in rigorous design work sessions that will help strengthen their design initiatives, form collaborative teams and prepare the seven teams to compete for larger Working Cities Implementation grants in early 2017.

Following brief remarks, representatives from the city teams will be on hand to discuss their unique initiatives. Light refreshments will be served.

To RSVP, please send your name and contact information to communitydevelopment@bos.frb.org

For questions, please contact Armeather Gibbs, Director, Rhode Island Working Cities Challenge, at Armeather.gibbs@bos.frb.org.