Undergraduate students in the Ninth Federal Reserve District are invited to enter the Community Development Finance Undergraduate Writing Contest, an annual competition designed to seek out and promote innovative community development finance ideas and to connect college students with the Ninth District’s community development practitioners, financial institutions, and regulatory agencies.
The topic of the 2012 contest is policy issues raised by the North Dakota oil boom’s effects on area residents. According to the North Dakota Mineral Resources Division, an average of 575,490 barrels of oil is pumped from wells in North Dakota each day, making the state the second-largest oil-producing state in the U.S. With the growth have come some challenges, such as a housing shortage and multiple strains on local infrastructure.
2012 Community Development Finance Undergraduate Writing Contest entrants will select a public policy issue brought about by the North Dakota oil boom and recommend ways to address it. Entries should make use of recent data, pertinent research, and news articles, and must include:
All undergraduate students residing in or attending an accredited college or university located in the Ninth Federal Reserve District are eligible to enter this contest. The student who submits the winning entry will receive a paid summer internship in the Community Development Department of the Federal Reserve Bank of Minneapolis. Entries must be submitted by October 26, 2012.