Boston Fed’s Latest Role: Community Organizer – NYTimes.com

Interesting initiative by the Boston Federal Reserve, making grants to small- and mid-sized distressed cities in Massachusetts. It’s called the Working Cities Challenge, funneling money from private donors to cities based on an application process. I think the headline “community organizer” is a bit of a misnomer, I’m not sure how I would characterize this odd combination of a federal, public economic policy body mediating between the private sector and local government entities.

Read: Boston Fed’s Latest Role: Community Organizer – NYTimes.com.