Mobilizing Capital: Artists' Impact on Community Health and Wellbeing

November 20, 2020

The Federal Reserve Bank of New York, in partnership with Yerba Buena Center for the Arts, hosted a discussion focused on artists' role in building an equitable economy and their influence on community health and wellbeing on November 20, 2020 via Webex.

The webinar explored the intersection of arts and culture, community investments, and healthy communities. Creative and arts-based strategies are central to community development and can support investments that strive for equitable and durable long-term health outcomes. Speakers included leaders striving to invest their capital in an upstream approach to health care through arts, artists as catalysts of change in communities, and academia providing current research on the connection between arts and health.

watch the event
Welcome & Opening Remarks

Investing in Artists to Build Community and Create Change

Artist Vignette

Evidence-based Research on Arts and Health

Reflections & Closing

Event Details

Date & Time
November 20, 2020
1:00pm - 2:30pm


The event was open to the media and members of the public. All remarks were on-the-record unless otherwise noted and the event was recorded.

1:00pm-1:10pm Welcome & Opening Remarks

David Erickson, SVP, Federal Reserve Bank of New York
Deborah Cullinan, CEO, Yerba Buena Center for the Arts
1:10pm-1:50pm Investing in Artists to Build Community and Create Change

Moderator: Annie Donovan, COO, LISC

Lyz Crane, Deputy Director, ArtPlace America
Hatuey Ramos-Fermín, Director of Programs, The Laundromat Project
Linh Dang, Senior Director, NYC Health + Hospitals Arts in Medicine
1:50pm-2:00pm Artist Vignette

Darryl Ratcliff, Co-Founder, Gossypion Investments
2:00pm-2:20pm Evidence-based Research on Arts and Health

Susan Magsamen, Founder and Executive Director, International Arts + Mind Lab, Brain Science Institute at Johns Hopkins University School of Medicine
David O. Fakunle, Ph.D., CEO DiscoverME/RecoverME: Enrichment Through the African Oral Tradition
2:20pm-2:30pm Reflections & Closing

Penelope Douglas, Chief Strategy and Revenue Officer, YBCA, and Outreach & Education Visiting Scholar, New York Fed

Media & General Inquiries
This event was open to the media. All remarks and panels were on-the-record, unless otherwise noted. Members of the press may contact Andrea Priest.

For more information about this event, please email NY.Fed.CommunityDevelopment@ny.frb.org.

Federal Reserve Bank of New York
Yerba Buena Center for the Arts


The New York Fed conducts research to better understand what contributes to economic inequality in its many forms in the region and across the nation. Learn more about our Economic Inequality & Equitable Growth initiative.
Visit our COVID-19: Information, Research & Analysis and Resources Hub for helpful resources and relevant research from the New York Fed on COVID-19.

Additional Resources:
Community Development Innovation Review: Transforming Community Development through Arts and Culture

COVID-19 Arts Response Repository

Creating Healthy Communities through Cross-Sector Collaboration

CultureBank: A New Paradigm for Community Investment

Kelly Street Collaborative: 5 years of building community

Kelly Street Wellness Project

Jaclyn Reyes and Xenia Diente – Little Manila Queens: Bayanihan Arts

The contents on this page—including third-party resources, hyperlinks and documents—are provided for informational purposes only and do not necessarily represent the views of the New York Fed or the Federal Reserve System.

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