The Federal Reserve of Philadelphia visited Chester for the second time in 12 months, reaffirming its focus on revitalizing the city, writes Colin Ainsworth for the Daily Times.

During a symposium entitled “Capital in Communities: Revitalization in Chester” at Widener University, the Philadelphia Fed’s Community Development and Regional Outreach Department, Widener, and the Riverfront Alliance of Delaware County discussed existing capital in Chester and how the Community Reinvestment Act could apply to new private investment.

Meanwhile, William Spaniel, the Philadelphia Fed’s Vice President of Supervision, Regulation, and Credit, emphasized that outreach and development are significant components of the Federal Reserve.

“Our power to convene and bring people together from the private sector and public sector and government agencies is one of the most important things we can do,” he said.

State Sen. Tom Killion, State Rep. Brian Kirkland, and Katie Herschede, Widener’s Vice President for Strategic Initiatives and Chief of Staff, also spoke.

“The resources have already been identified here, and I think that that is one thing that a lot of communities can take forward,” said Community Engagement Associate Sydney Diavua.

Read more about the plans for Chester in the Daily Times by clicking here.

[uam_ad id=”62465″]