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Journal Article
New from the Richmond Fed’s Regional Matters blog
Monograph
Gone to Texas: immigration and the transformantion of the Texas economy
The United States welcomes more immigrants than any other country, and Texas welcomes more migrants?foreign and domestic?than any other state. Nearly half of all new arrivals to the state are foreign born. With a population of over 4 million immigrants, Texas is one of the top three states in terms of the number of foreign born living within its borders. Immigration to Texas has been both a cause and consequence of rapid regional growth. The strong economy and the Texas business model?low taxes, few regulations and a low cost of labor?have attracted many businesses and workers in recent ...
U.S. Population Growth Slowed Further in 2020
This year will likely be the slowest annual population increase in U.S. history outside of wartime.
Journal Article
Investing in Healthy Rural Communities – Lessons Learned and Future Directions
The Federal Reserve System and the Robert Wood Johnson Foundation (RWJF) created the Healthy Communities Initiative to enrich the debate on how cross-sector and place-based approaches might revitalize neighborhoods and communities, while improving health and well-being for residents. A large body of research and evidence demonstrates inextricable linkages between economic success and physical and mental well-being. People who live in economically challenged areas endure more stress, are more likely to report their own physical and mental health as being just ?fair? or ?poor,? are more prone ...
Journal Article
Why are Eighth District Populations Growing More Slowly than the Rest of the U.S.?
Our Center for Household Financial Stability evaluates the factors that led to recent population decline among the seven states that encompass the Eighth District.
Journal Article
Participatory Budgeting: Enhancing Community Reinvestment through Public Engagement
Community engagement is not an easy task. This is especially true in communities with historically underrepresented and underserved populations who do not feel connected to the planning process. However, some municipalities across the country are finding success through the use of participatory budgeting.
Journal Article
Reinvesting in the Greater Chatham Neighborhoods in Chicago: New Data and Insights from Practitioners and Policymakers
In the not too distant past, Chicago was known as the center of black capitalism in America, and within the city, the Chatham neighborhood reflected the heart of black middle-class aspirations. In recent years, residents of Chatham and other south side neighborhoods have confronted a barrage of challenges to their once stable communities. In hopes of stanching this tide, Congressman Bobby Rush, whose district includes the Chatham neighborhood, and scores of civic leaders, helped launch the Greater Chatham Initiative (GCI) in June 2016,1 to mobilize resources for a comprehensive set of ...
Discussion Paper
Understanding Immigration in the Fifth District: Where Did International Migrants Settle?
In 2022, the Census Bureau announced that international migration to the United States had returned to pre-COVID-19 pandemic levels, and recent estimates suggest immigration has surged to unprecedented levels. To understand how the flow of international migration changed in our region from the onset of the pandemic, we analyze recent census data that looks at population change and its components. During this period, population change and migration in the Fifth District differed from the national trend and varied across states. Even though this period includes the height of pandemic-related ...
Working Paper
Firm Entry and Macroeconomic Dynamics: A State-level Analysis
Using an annual panel of U.S. states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real gross domestic product, productivity and population. This is consistent with simple models of firm dynamics where a ?missing generation? of firms affects productivity persistently.