The Federal Reserve System (or the Fed) is our country’s central banking system. Its functions include conducting the nation’s monetary policy, supervising and regulating banks and other financial institutions, maintaining the stability of the financial system and containing systemic risk, and providing financial services to the U.S. government. It’s comprised of the Board of Governors (Federal Reserve Board), located in Washington, D.C. and appointed by the president, and 12 regional Federal Reserve Banks. In 2015, the Federal Reserve Board created the Community Advisory Council (CAC).
Hilltop Neighborhoods of Mt. Washington and Allentown to be featured June 17-19
PITTSBURGH, PA (June 8, 2016) – The Office of Mayor William Peduto and the Urban Redevelopment Authority of Pittsburgh (URA), in partnership with NEXTPittsburgh announced today that the second installment of the NEXT 3 Days (N3D) event series will take place June 17 – 19, 2016 in the city’s Hilltop neighborhoods of Mt. Washington and Allentown.
Uptown Partners of Pittsburgh will hold their quarterly community meeting on Wednesday, June 1st at 6:00 p.m. The meeting is for Uptown residents, businesses, institutions, and those with a general interest in the neighborhood. Please note that due to the Penguins Stanley Cup Game tomorrow, the meeting has been moved to 300 Gist Street at the former Forbes Auto Body Shop (instead of being held at 710 Fifth Avenue as previously announced). The meeting will end in time for the start of the game at 8:00 p.m.!
Pittsburgh is a city whose strength was built on its immigrant population. The years 1870 to 1920 saw a sevenfold growth in the population of the city as immigrants moved here for jobs in the factories and mills, bringing with them new cultural traditions that have now become synonymous with our city (think Pirates Pierogies, for example). Now, like many cities, Pittsburgh seeks to attract immigrants as studies have shown that they are still a real boon to an area as they start businesses at a higher rate than non-immigrants, and can actually raise home values when they move into neighborhoods. Additionally, immigrants increase increase a city’s population, while making it a more vibrant place to live. Currently, Pittsburgh’s foreign-born population is estimated to be about 7 percent of its total population. You have an opportunity to recognize and honor the vital role immigrants play by nominating an immigrant entrepreneur/professional for an award by GlobalPittsburgh.
What will the future of housing in Lawrenceville be? With approximately 1,000 market-rate residential units in the planning or construction phase, will there be responsible growth and affordability for all? Lawrenceville Corporation (LC) and Lawrenceville United (LU), along with residents, property owners, developers, and elected officials are seeking a “housing for all,” strategy as a priority. Tomorrow, LC and LU will host an event focused on the state of housing in Lawrenceville at Goodwill of Southwestern PA.
Of course most of you will be voting in Pennsylvania’s primary race on Tuesday, April 26th, but after that, you have another chance to vote. MIT Enterprise Forum Pittsburgh will be holding Pitch Fest at Duquesne University also on the 26th. Pitch Fest is their annual Elevator Pitch event (an elevator pitch is a pitch which can be delivered in the time span of an elevator ride, say if you happened to run into someone important there). Pitch Fest provides entrepreneurs the opportunity to pitch their business ideas and then receive constructive feedback from a panel of investors and seasoned entrepreneurs.
Is your dream start-up pastoral rather than high tech? Do you want to be the kind of entrepreneur who gets their hands dirty — literally, and up to the elbows? Well then do we have a class for you! “Exploring the Small Farm Dream” is an upcoming Penn State Extension course that starts on May 3rd (with a registration deadline of Tuesday, April 26th). The class will help to answer the question, “Is starting an agricultural business right for you?”
Back in 2014, more than 1,300 young people applied for only 500 available jobs through Pittsburgh’s Summer Youth Employment program. So in 2015, Allegheny County and the City of Pittsburgh joined with Three Rivers Workforce Investment Board (3RWIB) to launch the “Summer of Learn and Earn” program. The new program delivered paid summer work experience to nearly 2,000 teens and young adults; providing more than $1.3 million in wages to the local economy. Participants also received soft skills and other work-readiness training during the program. Now, youths aged 14 to 21 can apply to participate in this year’s program.
While our city has been rightly celebrated in numerous articles and “best of” lists, Mayor Peduto — and others — have lamented that there are “two Pittsburghs.” While Pittsburgh my be “most livable” for some, there is disparity with people being left behind in this new economy. Grant Oliphant, president of the Heinz Endowments, has been blogging his ideas about what a “Just Pittsburgh” would look like…
If you missed the highly successful first one, here’s your chance to attend the Uptown/West Oakland EcoInnovation District Public Open House #2. What’s an EcoInnovation District? It’s an area “dedicated to sustainability, innovative development practices and inclusive job growth.” The Uptown/West Oakland EcoInnovation District will be designed to combine the goals of both an EcoDistrict (a resilient and sustainable bottom-up development area) and an Innovation District (an area where leading-edge anchor institutions/companies cluster in close proximity to transit-accessible, mixed-use housing, office, and retail for maximum job growth and economic opportunity).