On Tuesday, May 23, 2023, the Federal Reserve Bank of New York, in partnership with the Ford Foundation, hosted an in-person event exploring how some companies are seeking to increase low- and moderate-income workers’ wealth through investments in ownership and employee benefits. The event focused on how efforts to improve the wealth of low- and moderate-income workers are financed and what is needed to make such investments more widespread.
watch the event
Event Details
Date & Time
May 23, 2023
2:00 pm – 4:30 pm EDT
(Reception to follow)
May 23, 2023
2:00 pm – 4:30 pm EDT
(Reception to follow)
Location
Federal Reserve Bank of New York
Benjamin Strong Room
33 Liberty Street
New York, NY
(In-person event only.)
Federal Reserve Bank of New York
Benjamin Strong Room
33 Liberty Street
New York, NY
(In-person event only.)
Audience
Agenda
This in-person event was open to the public.
Media
This event was open to the media. All remarks were on the record and the event was recorded, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
Agenda
| 2:00pm-2:05pm | Welcome Remarks Vincent Alvarez, President, New York City Central Labor Council, AFL-CIO; Chair, Board of Directors, Federal Reserve Bank of New York |
| 2:05pm-2:35pm | Research Presentation Joseph R. Blasi, J. Robert Beyster Distinguished Professor, Rutgers University; Director, Institute for the Study of Employee Ownership and Profit Sharing |
| 2:35pm-2:45pm | Break |
| 2:45pm-3:30pm | Panel: Investment Strategies Moderator: Jessica Rose, Chief Financial Officer, Global Impact Investing Network Graham Thomas, Principal, KKR Capstone Philip Reeves, Founding Partner, Apis & Heritage Capital Partners John Holdsclaw IV, President and CEO Rochdale Capital |
| 3:30pm-3:40pm | Break |
| 3:40pm-4:25pm | Panel: Moving the Needle for Capital Moderator: Margot Brandenburg, Senior Program Officer, Mission Investments, Ford Foundation Michaela Edwards, Partner, Capricorn Investment Group Don Baylor Jr., Managing Director, Co-Head Community Impact, Lafayette Square Gianna McCarthy, Director of Corporate Governance, New York State Common Retirement Fund |
| 4:25pm-4:30pm | Closing Remarks Jake Scott, Community Development Analyst, Federal Reserve Bank of New York |
Speakers
President, New York City Central Labor Council, AFL-CIO
Chair, Board of Directors, Federal Reserve Bank of New York
Managing Director, Co-Head Community Impact
Lafayette Square
J. Robert Beyster Distinguished Professor, Rutgers University
Director, Institute for the Study of Employee Ownership and Profit Sharing
Senior Program Officer, Mission Investments
Ford Foundation
Partner
Capricorn Investment Group
President and CEO
Rochdale Capital
Director of Corporate Governance
New York State Common Retirement Fund
Founding Partner
Apis & Heritage Capital Partners
Chief Financial Officer
Global Impact Investing Network
Community Development Analyst
Federal Reserve Bank of New York
Principal
KKR Capstone
EVENT RESOURCES
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