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CU System
Filene calls for innovators on economic stimulus initiative
MADISON, Wis. (2/23/09)--Filene Research Institute is asking credit union volunteers to get involved with Filene’s Future Focus initiative, a 60- to 90-day review and innovation process focusing on the national economic stimulus package. The American Recovery and Reinvestment Act is intended to stimulate the U.S. economy in the wake of the economic downturn brought about by the subprime mortgage crisis and the resulting credit crunch. The bill includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, and domestic spending in education, health care, and infrastructure, including the energy sector. “Innovation is an inclusive process,” said Denise Gabel, Filene chief innovation officer. “Who knows, Filene may get a dozen or three thousand responses. Either way, credit unions and consumers need solutions now.” To deliver the anticipated outputs to policy-makers and credit union decision-makers, help is needed in four areas:
* Discovery--Identifying key areas like housing, lending and energy; * Ideas--Generating new solutions; * Shaping--Testing and narrowing the best ideas; and * Implementation--Bringing new solutions to market.
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