Media Advisory

New York Fed President Dudley to Visit the U.S. Virgin Islands and Puerto Rico on March 6 and 7

Updated on February 27, 2018 with additional information throughout, including logistical details in both Puerto Rico and the U.S. Virgin Islands, and additional events in Puerto Rico
February 09, 2018

NEW YORK—Federal Reserve Bank of New York President William C. Dudley will visit the U.S Virgin Islands (USVI) and Puerto Rico on March 6 and 7 to meet with leaders in the local nonprofit, government and business sectors. The trip will primarily focus on understanding current economic conditions and recovery efforts in the aftermath of Hurricanes Irma and Maria.

On March 6, President Dudley will participate in a breakfast roundtable with nonprofit leaders on St. Thomas, followed by a tour of the Tutu neighborhood to understand rebuilding efforts. Afterwards, he will discuss the hurricanes’ impacts on the local economy with USVI Governor Kenneth E. Mapp and will separately meet with business community leaders.

From there, President Dudley will head to San Juan where meeting with Puerto Rico Governor Ricardo Rosselló. He will then hold a dinner discussion with small business service providers that provide capital assistance, workspace, mentorship support, and other services to developing firms across Puerto Rico.

On March 7, President Dudley will tour the Caño Martin Peña neighborhood to learn firsthand about recovery efforts underway. He will then give a presentation with New York Fed economists at an event hosted by the Puerto Rico Chamber of Commerce. The presentation will focus on unfolding economic situation in Puerto Rico and they will take questions from the audience afterwards. After this, President Dudley will discuss the Island’s housing crisis with foreclosure prevention and legal service providers. The trip will conclude with a lunch discussion with the members of the Puerto Rico Bankers Association focused on developments in the banking sector.

Open press events:

USVI Nonprofit Leaders Breakfast Roundtable and Tutu Neighborhood Recovery Tour
Date: Tuesday, March 6, 2018
Time: 8:30 a.m. AST (local time) / 7:30 a.m. EST
Location: Community Foundation of the Virgin Islands
5150 Dronningens Gade, Suite 1
St. Thomas, USVI 00802

  • The Tutu neighborhood recovery tour will immediately follow the breakfast roundtable. The tour will include both driving and walking components so journalists joining for this will need to arrange their own transportation.

Caño Martin Peña Neighborhood Recovery Tour
Date: Wednesday, March 7, 2018
Time: 8:30 a.m. AST (local time) / 7:30 a.m. EST
Location: Corporación ENLACE del Caño Martin Peña

  • Given issues with street addresses, the exact coordinates for the Corporación ENLACE del Caño Martin Peña’s location are available here: https://goo.gl/maps/Y2MpBta7LXB2. Contact Betsy Bourassa directly for more detailed driving instructions (Betsy.Bourassa@ny.frb.org)
  • The tour will include both driving and walking components so journalists joining for this will need to arrange their own transportat

Presentation and Discussion with President Dudley and Economists on Puerto Rico
Date: Wednesday, March 7, 2018
Time: 9:20 a.m. AST (local time) / 8:20 a.m. EST
Location: La Concha Resort (Room: Salon Las Nereidas)
1077 Avenida Doctor Ashford
San Juan, 00907, Puerto Rico

At the event in Puerto Rico, remarks and audience Q&A are expected. Text is not expected at the events. Press may register by contacting Betsy Bourassa at Betsy.Bourassa@ny.frb.org.