Media Advisory

New York Fed to Host Event on Investing in Rural Prosperity

May 12, 2022

On Tuesday, May 24, 2022, the Federal Reserve Bank of New York is hosting a hybrid event, "Investing in Rural Prosperity," in collaboration with the Federal Reserve Board of Governors. The event will highlight a new framework for advancing shared economic prosperity in rural communities across the United States. The framework was initially proposed in a new book, also titled "Investing in Rural Prosperity," published by the Federal Reserve Bank of St. Louis in collaboration with the Board of Governors.

In addition to exploring this new framework, the event will focus on:

  • Ways to leverage natural assets to promote rural prosperity
  • Strategies for investing in equitable resilience
  • The need for more broadband investment
  • Local collaborations between the health sector and community development
  • Innovative case studies from France that use culture, nature, and innovation to revitalize smaller communities

Speakers at the event include:

  • Andrew Dumont, Senior Community Development Analyst, Federal Reserve Board of Governors
  • Caitlin Cain, Vice President, Local Initiatives Support Corporation (LISC) and Director, Rural LISC
  • Nicolas Hazard, Special Advisor, Social Economy, European Commission
  • Otho Kerr, Director of Strategic Partnerships and Impact Investing, Federal Reserve Bank of New York
  • Vannessa PiƱeiro Montes, Vice President and Compliance Manager of Community Reinvestment Law, Banco Popular de Puerto Rico
  • Scott Rasmussen, Acting Director, New York State ConnectAll
  • Rob Riley, President, Northern Forest Center
  • Mike Tarantino, President and CEO, Iberia Industrial Development Foundation
  • Ruth Thomas-Squance, Senior Director of Field Building, Build Healthy Places Network
  • David Wolff, Board Member, AdkAction
  • Aaron Woolf, Developer, Elizabethtown Bike Ranch

A complimentary copy of the book will be given to the first 100 people attending the event in-person.

This event is presented by the New York Fed's Community Development team, which has three areas of focus: health, household financial well-being, and climate risk.

This event is on the record and will be available via livestream or in-person. For media inquiries, please contact Ellen Simon at the New York Fed:

Ellen Simon
(347) 978-3036

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