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Federal Reserve Bank of Minneapolis

 

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Impacts/Projects/Collaborators 
Beam Assessment

Organization Information


Organization: Federal Reserve Bank of Minneapolis

Sector: Government Agency

Organization Mission: With headquarters in Minneapolis and a Branch in Helena, Mont., we examine banks to make them safe and sound. We conduct world-class research to inform policymakers. Our 1,000 employees in Minneapolis and 60 in Helena monitor the regional economy to help determine the nation’s monetary policy. We strive to promote economic well-being. And much more. We serve the public by pursuing a growing economy and stable financial system that work for all of us. Established in 1914, we’re one of 12 Federal Reserve Banks. Our Helena Branch joined us in 1921.

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Related News and Status


 

Status Reports / News 
Related PlanScape Status on: Diversity and Inclusion, Economic Development, Governance/Public Policy, Housing

Key reports on: Federal Reserve Bank of Minneapolis


Racism and the Economy -- Federal Reserve Series (September 09, 2021)

Understanding the implications of structural racism in America's economy. 

Read more ...


Federal Reserve Bank of Minneapolis: Page Amendment (March 11, 2020)

Message from Neal Kashkari: support for Page constitutional amendment is gaining momentum to support a quality education for all. 

Read more ...


August 16, 2024: Tax Breaks to Landlords

PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.

Read more ...
August 12, 2024: Community Healthcare Simulation Center Co-Design Report
Jun 2021 Co-design Report

2024-08-12 PB Reporting GRAUC leads project to build prototype sim center The Southeast Minnesota Community Healthcare Simulation Center is set to open in downtown

Rochester by mid-October

Read more ...
August 08, 2024: Anti-Hate Rally and Forum

Racism, Anti-Semitism and the Fight Against Hate

"Abolishing racism, hate crimes, and white supremacy isn’t a problem for one group to face alone; it’s a shared burden that requires a strong and unified response."

Read more ...
August 07, 2024: Age-Friendly Olmsted County (AFOC) Plan

August 2024 Report : Age-Friendly Olmsted County (AFOC) activities implementing the Age

Friendly Olmsted County 2022-2025 Action Plan since our annual report in February 2024.

Read more ...
August 02, 2024: Rochester Vision 2050
The visioning effort calls for soliciting broad community input to help propose desired strategic initiatives based on desired outcomes through 2050.

Read more ...
July 27, 2024: C2C Summer 2024 Sparklers

Newsletter Highlights:

Systems Change Designation; Data Updates; Network Updates; Contributors

Read more ...
July 17, 2024: Bryk Apartments Rental Eligibility Amendment

July 17, 2024 City of Rochester: Adopting a Resolution authorizing an amendment to the Development Assistance Agreement and the Declaration of Restrictive Covenants to revise the affordability covenants related to the 80% Units.

March and May 2023 reports to DMCC including video, documents and presentations. 

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July 17, 2024: City Housing Support

Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.

 

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July 13, 2024: How does racism impact people’s health?
 New Mayo Clinic, U of M framework aims to guide future research. The framework defines structural racism as the “totality of ways in which societies foster racial discrimination through mutually reinforcing systems of housing, education, employment, earnings, benefits, credit, media, health care and criminal justice.”

Read more ...
July 01, 2024: First Half 2024 Targeted Business Enterprise Utilization Plan Reports

2Q 2024: June 2024May 2024 - Admin Message, TBE Report; April 2024 - Admin Message, TBE Report

1Q 2024: Feb 2024 - Admin Message, TBE Report; Jan 2024: Admin Message, TBE Report

Special callouts: Women in Construction; City of Rochester Equity in Development 

Read more ...
June 26, 2024: City of Rochester - Justice, Diversity, Equity, Inclusion (JEDI) Audit Status

June 24, 2024 City Council Study Session: Justice Equity Diversity and Inclusion (JEDI) Audit per Goodenough 

Departmental Audit reports of: Human Resources; Rochester Public Library; Parks & Rec 

 

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June 21, 2024: Somali American Social Service Association

SASSA to receive $1M from MN to train workers for high-demand employment. 

The funding is awarded under the Minnesota Department of Employment and Economic Development (DEED) Targeted Populations Workforce Competitive Grant Program.

Read more ...
June 20, 2024: Community Building Fund
The City of Rochester welcomes applications for the Community Building Fund.  This fund is all about supporting projects, programs, and events in the city that actively promote equity and inclusion.

Read more ...

Community Anchor Participation:

 

 

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Impacts

The work of this organization may have impacts on the following areas:

PlanScape

Lvl 1: Diversity and Inclusion ; Economic Development ; Governance/Public Policy ; Housing

Lvl 2:

DMC Impact:

Community Health Impact area:

 



 

Potential Collaborators

Potential Collaborators:

Organization Life Cycle Assessment (Pause, Startup, Steady, Isolated Impact, Collective Impact  Unknown)

Collective Impact

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

Links to Beam sub-sites 
Sample of Beam sub-sites: