Investing in Health: The Intersection of Business, Public Health, and Community Development

January 19, 2022
On Wednesday, January 19, 2022, the Federal Reserve Bank of New York and New York City's Department of Health and Mental Hygiene hosted a virtual event, "Investing in Health: The Intersection of Business, Public Health, and Community Development."

The event brought together business leaders and public health professionals to examine how the pandemic has changed the scope of social responsibility and the ways in which the private sector is investing in the health of individuals and communities.

Panelists discussed how they are prioritizing investments to meet local health needs while ensuring equitable impact. They also discussed how they're measuring social and financial outcomes and devising mechanisms to boost more private investment and market opportunities in underserved 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.

watch the event


See related Medium post from February 3, 2022.

Creating meaningful changes in the health of communities: Making impact investments informed by local health needs; Making workers partners in promoting health; Illustrating how improvements to public health can pay off.

Event Details

Date & Time
January 19, 2022
3:00-4:30 PM EST


This event is open to the public and media. All remarks are on the record and the event will be livestreamed with a recording to be made available afterwards. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.

3:00pm-3:10pm Opening Dialogue

David Erickson, Senior Vice President, Federal Reserve Bank of New York

Dr. Dave Chokshi, Commissioner, NYC Department of Health & Mental Hygiene

Moderator: Dr. Zinzi Bailey, Social Epidemiologist, University of Miami; Managing Director, Health Equity Research Solutions, LLC
3:10pm-3:35pm Discussion 1: Social Responsibility & Public Health in the Age of COVID-19

Kathryn Wylde, President & CEO, Partnership for New York City

Valerie White, Executive Director, LISC NYC

Emma Tsui, Associate Professor, Community Health & Social Sciences, CUNY School of Public Health
3:35pm-4:00pm Discussion 2: Prioritizing Investments to Meet Local Health Needs

Sami Jarrah, CFO, NYC Department of Health & Mental Hygiene

Rajith Sebastian, Head of Impact Investments, Wharton Social Impact Initiative; Wharton Fund for Health

Raymond Guthrie, Head of Investments, Capital Impact Partners

4:00pm-4:25pm Discussion 3: Measuring the Social and Financial Returns of Private Investments in Public Health

William Burckart, President & COO, The Investment Integration Project

4:25pm-4:30pm Closing Remarks

Dominic Ramos-Ruiz, Community Development, Federal Reserve Bank of New York


William “Bill” Burckart
President and COO
The Investment Integration Project (TIIP)

Dave A. Chokshi, MD, MSc, FACP
New York City Department of Health and Mental Hygiene

David Erickson, Ph.D.
Senior Vice President and Head of Outreach and Education
Federal Reserve Bank of New York

Raymond Guthrie
Head of Investments
Capital Impact Partners

Sami Jarrah
Deputy Commissioner and Chief Financial Officer
New York City Department of Health and Mental Hygiene

Dominic Ramos-Ruiz
Community Development Associate
Federal Reserve Bank of New York

Rajith Sebastian
Head of Impact Investments
Wharton Social Impact Initiative

Emma Tsui
Associate Professor
CUNY, Community Health and Social Sciences

Valerie White
Executive Director

Kathryn S. Wylde
President & CEO
Partnership for New York City


Visit the New York Fed's page on Community Development.


The contents on this page—including third-party resources, hyperlinks and documents—are provided for informational purposes only and do not necessarily represent the views of the New York Fed or the Federal Reserve System.
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close