The Federal Reserve Bank of St. Louis has released a 600-page book that it hopes “can help more communities achieve shared economic prosperity.”

Daily Yonder reports that the volume entitled “Investing in Rural Prosperity” contains over 40 essays from rural development organizations, academia, policy analysts and philanthropic groups that highlight community development investment efforts across rural America. The authors argue that the essential ingredients for a prosperous rural America include increased investment in rural and tribal communities and overcoming the misconception that rural areas are beyond recovery. Greater investments should also be made in BIPOC (Black, Indigenous, and People of Color) owned land and Indigenous land management and restoration practices.

Partners for Rural Transformation, of which Rural Community Assistance Corporation is a member, authored the chapter entitled: Cultivating Capital.

The book also addresses recent structural changes to the economy as well as long-term challenges and obstacles to prosperity that rural communities may face. The volume’s editors contend that rural America is incredibly diverse and rural stakeholder participation in decision-making processes is essential to effect lasting change.

Printed copies of “Investing in Rural Prosperity” are available for free while supplies last and can be ordered or downloaded in digital format from the St. Louis Fed website.

To read the full story, go here: https://dailyyonder.com/free-book-from-the-fed-aims-to-highlight-effective-rural-development/2022/05/18/