NEW YORK—The Federal Reserve Bank of New York today announced the appointment of three new members to its Advisory Council on Small Business and Agriculture, effective immediately. The council, which is composed of local small business leaders, helps the New York Fed better understand the regional economy and business climate. The appointments were announced ahead of council’s second meeting of 2018, being held later today at the New York Fed.
Council members include chief executive officers and presidents from small businesses, including agricultural-based businesses, who meet three times a year with the New York Fed president and staff. During each meeting, council members share their insight on business activity, the economic outlook, the labor market, and other issues affecting business conditions. This information also allows the New York Fed to identify challenges and opportunities in the region, and contributes to the formulation of monetary policy.
The following is a list of new council members:
- Donnel Baird, founder and CEO of BlocPower, headquartered in Brooklyn, NY. BlocPower is a startup that markets, finances, and installs solar and energy efficiency technology to help houses of worship, non-profits, small businesses and multifamily projects cut their energy costs.
- Jaswinder Chadha, founder, president, and chief executive officer of Axtria, headquartered in Berkley Heights, NJ. Axtria is a commercial insights and operations solution provider with global scale. It combines industry knowledge, business process, and innovative cloud technology to help clients make better data-driven decisions.
- Sarah LaFleur, founder and chief executive officer of MM.LaFleur, headquartered in New York, NY. MM.LaFleur a retailer for professional women that aims to take the work out of dressing for work. It creates luxurious, comfortable, and durable women’s workwear and sends subscribers sets of clothes based on their personal style profiles.
For more information, including a list of the full membership, visit our webpage on the Advisory Council on Small Business and Agriculture.