Expanding Opportunity: Investing in Employment Social Enterprise

April 07, 2022

On Thursday, April 7, 2022, the Federal Reserve Bank of New York, in partnership with the nonprofit REDF, hosted a hybrid event, “Expanding Opportunity: Investing in Employment Social Enterprise.” This event focused on the significant economic benefits of expanding job and career opportunities for people who often encounter hurdles to employment, including people who have experienced incarceration, homelessness, foster care, and other challenges.

The event began, for in-person attendees, with the screening of a documentary, "The Road Up," which follows four participants in a Chicago job-training program. Remote attendees received a link to view the 93-minute film electronically. The screening was followed by a discussion with the film's creators, Greg Jacobs and Jon Siskel.

Panelists discussed how capital has fueled the growth of New York-area employment social enterprises, which are organizations that employ people who have historically been shut out of the workforce, while also producing goods and services that positively impact their 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

Event Details

Date & Time
April 7, 2022
12:00-5:00 PM EDT

Federal Reserve Bank of New York
33 Liberty Street
New York, NY


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

12:00pm-1:30pm Pre-Event Film Screening: "The Road Up" (Siskel Jacobs Productions)

Introduction by Maria Kim, President and CEO, REDF

In-person attendees will view film; remote attendees will receive an email, in advance, containing a link to view the 93-minute film.

Director’s Chair: Interview with Greg Jacobs and Jon Siskel, Co-Directors of "The Road Up"

2:00pm-2:15pm Opening Remarks

David Erickson, Head of Outreach & Education, Federal Reserve Bank of New York

Javier Silva, Community Development, Federal Reserve Bank of New York

Maria Kim, President and CEO, REDF
2:15pm-2:45pm The Big Picture—Employment Social Enterprises

Chet Hewitt, President and CEO, Sierra Health Foundation

Maurice Jones, CEO, OneTen

Charles Phillips, Managing Partner and Co-Founder at Recognize
2:45pm-3:45pm Panel Discussion: Connecting Capital

Moderator: Carrie McKellogg, Chief Program Officer, REDF

Amy Chasan, Founder and Owner, Sweet Generation

Alberto Garofalo, President, Bank of America New Jersey

Mike Lohr, Vice President, Urban Investment Group at Goldman Sachs

Dan Rhoton, Executive Director, Hopeworks
3:45pm-4:05pm Dialogue from the Field

Seung Kim, Senior Vice President, National Programs, LISC

Brenda Palms Barber, President and CEO, North Lawndale Employment Network
4:05pm-4:15pm Closing Remarks

Javier Silva, Senior Associate, Community Development - Federal Reserve Bank of New York
4:15pm-5:00pm Reception

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


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