The Federal Reserve Bank of New York's Community Development team, in partnership with the U.S. Impact Investing Alliance, hosted a virtual event on June 3, 2021 focused on the expanding pool of impact investing funders, how new sources of investment can strengthen the low- and moderate-income communities hardest hit by the pandemic, and the New York Fed's plans to connect communities with funds.
The event opened with remarks by David Erickson, head of Outreach and Education at the New York Fed, who detailed his team's new strategic approach to bridging communities and capital. He also discussed the team's new focus areas within the diverse world of community development.
In addition, the event included a discussion between Fran Seegull, president of the U.S. Impact Investing Alliance, and Otho Kerr, the New York Fed's director of strategic partnerships and community impact investing, a newly created role unique within the Federal Reserve system.
The event also featured a panel of impact investors discussing the future of the field and some of the early successes they've seen.
In conjunction with the event, the New York Fed and the U.S. Impact Investing Alliance released a new report written by the Alliance, Impact in Place: Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale.
June 3, 2021
1:00pm EST – 2:30pm EST
The event was open to the public and the media. All remarks were on the record and the event was recorded.
| 1:00pm | Keynote Welcome David J. Erickson, Senior Vice President and Head of Outreach & Education, New York Fed |
| 1:15pm | Discussion – Impact in Place: Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale Otho Kerr, Director of Strategic Partnerships & Community Impact Investing, New York Fed Fran Seegull, President, U.S. Impact Investing Alliance |
| 1:35pm | Panel – Connecting Capital to Communities Fran Seegull, President, U.S. Impact Investing Alliance - Moderator Liz Sessler, Vice President of Product and Partnerships, CapShift Rosita Najmi, Head, Global Social Innovation, PayPal Amir Kirkwood, Chief Investment and Network Officer, Opportunity Finance Network |
| 2:15pm-2:30pm | Closing Remarks Otho Kerr, Director of Strategic Partnerships & Community Impact Investing, New York Fed |
Community Development: What Does it Take to Create an Economy that Works for All?
