On Thursday, April 7, 2022, the Federal Reserve Bank of New York, in partnership with the nonprofit REDF, hosted a hybrid event, “Expanding Opportunity: Investing in Employment Social Enterprise.” This event focused on the significant economic benefits of expanding job and career opportunities for people who often encounter hurdles to employment, including people who have experienced incarceration, homelessness, foster care, and other challenges.
The event began, for in-person attendees, with the screening of a documentary, "The Road Up," which follows four participants in a Chicago job-training program. Remote attendees received a link to view the 93-minute film electronically. The screening was followed by a discussion with the film's creators, Greg Jacobs and Jon Siskel.
Panelists discussed how capital has fueled the growth of New York-area employment social enterprises, which are organizations that employ people who have historically been shut out of the workforce, while also producing goods and services that positively impact their communities.
The event was held as part of the New York Fed’s focus on three areas affecting community development: household financial well-being, climate-related risks to low- and moderate-income communities, and the social determinants of health.
April 7, 2022
12:00-5:00 PM EDT
Federal Reserve Bank of New York
33 Liberty Street
New York, NY
This event was open to the public and media. All remarks were on-the-record and the event was livestreamed with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at email@example.com.
|12:00pm-1:30pm||Pre-Event Film Screening: "The Road Up" (Siskel Jacobs Productions)
Introduction by Maria Kim, President and CEO, REDF
In-person attendees will view film; remote attendees will receive an email, in advance, containing a link to view the 93-minute film.
|1:30pm-2:00pm||VIRTUAL PROGRAM BEGINS
Director’s Chair: Interview with Greg Jacobs and Jon Siskel, Co-Directors of "The Road Up"
David Erickson, Head of Outreach & Education, Federal Reserve Bank of New York
Javier Silva, Community Development, Federal Reserve Bank of New York
Maria Kim, President and CEO, REDF
|2:15pm-2:45pm||The Big Picture—Employment Social Enterprises
Chet Hewitt, President and CEO, Sierra Health Foundation
Maurice Jones, CEO, OneTen
Charles Phillips, Managing Partner and Co-Founder at Recognize
|2:45pm-3:45pm||Panel Discussion: Connecting Capital
Moderator: Carrie McKellogg, Chief Program Officer, REDF
Amy Chasan, Founder and Owner, Sweet Generation
Alberto Garofalo, President, Bank of America New Jersey
Mike Lohr, Vice President, Urban Investment Group at Goldman Sachs
Dan Rhoton, Executive Director, Hopeworks
|3:45pm-4:05pm||Dialogue from the Field
Seung Kim, Senior Vice President, National Programs, LISC
Brenda Palms Barber, President and CEO, North Lawndale Employment Network
Javier Silva, Senior Associate, Community Development - Federal Reserve Bank of New York