Community Dividend

Community Affairs Manager's note - Issue 2, 2001

Community Affairs Manager's note - Issue 2, 2001

Margaret Tyndall | Community Affairs Manager

Published November 1, 2001  | November 2001 issue

A new beginning in Community Affairs

As the year ends, we are pleased to announce a new beginning in Community Affairs. Julie Stackhouse, vice president of Risk Management at the Federal Reserve Bank of Minneapolis, recently became our new Community Affairs officer. Stackhouse began her career at the Federal Reserve Bank of Kansas City in 1980. During her 15 years at the Kansas City Fed, she supervised numerous functions in the Banking Supervision and Regulation Division and was eventually named Senior Vice President of Administrative Services. She left the Federal Reserve System in 1995, when her family relocated to Minnesota, and joined the Federal Reserve Bank of Minneapolis in September 2000. She has a degree in business administration from Drake University and is a graduate of the Wisconsin School of Banking.

Stackhouse combines her extensive knowledge of banking with a passion for community involvement, having served six years on her city's economic development commission, which she currently chairs. She is enthused about the opportunities for outreach and partnerships that her new role provides and she looks forward to engaging readers throughout the Ninth District in future issues of Community Dividend.

Many of those readers are located in rural areas, and this issue's cover story focuses on entrepreneurship in such communities. The article outlines the challenges facing rural entrepreneurs, explores how entrepreneurial activities can enhance rural communities and provides examples of organizations and programs that support rural entrepreneurship in the Ninth District. In "A Conversation With . . .," Jay Kayne and Don Macke of the Kauffman Center for Entrepreneurial Leadership and the Rural Entrepreneurship Initiative, respectively, expand on the topic by discussing their research.

A special feature recaps Partnership Tools for Community Development, an educational series sponsored by Community Affairs and Twin Cities Local Initiatives Support Corporation in the spring of 2001. The goal of the series was to help bankers and community development practitioners in the Twin Cities understand one another better and learn more about the Community Reinvestment Act and new community development tools.

Another feature covers Governor Edward Gramlich's visit to Great Falls, Montana, in June 2001. In addition to touring development sites and meeting with area bankers, Gramlich attended the signing ceremony for the Montana HomeOwnership Network, Inc. This new partnership among banks, nonprofit organizations and government agencies will provide homeownership education and assistance across the state.

Rural entrepreneurship, community development education in the Twin Cities and a new affordable housing partnership in Montana. In this issue of Community Dividendwe touch on just a few of the development initiatives underway in the diverse communities of the Ninth District. We hope the articles and resources presented in this issue will be beneficial to your community.