Event

Investing in Rural Prosperity

May 24, 2022

The New York Fed hosted a public event in collaboration with the Federal Reserve Board of Governors highlighting a new framework for advancing shared economic prosperity in rural communities across the United States. The framework was initially proposed in "Investing in Rural Prosperity," a new book published by the St. Louis Fed in collaboration with the Board of Governors. In addition to exploring this new framework, the event focused 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

A complimentary copy of the book was given to the first 100 people in attendance.

watch the event

Opening Remarks


Session I: Leveraging Natural Assets to Promote Rural Prosperity


Session II: Investing in Equitable Resilience in Rural Communities


Session III: Digital Inclusion in Rural New York


Session IV: Multisector Health Partnerships


Session V: Book Talk & Conversation

Event Details

Date & Time
May 24, 2022
1:00pm - 5:35pm EDT (Reception to follow)

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

Audience

This hybrid event was open to the public and media. Registration for attending either in-person or virtually was available through the registration link. 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.


Agenda
Agenda
1:15pm-1:20pm Welcome Remarks

David Erickson, Head of Community Development, Federal Reserve Bank of New York
1:20pm–1:45pm Keynote

Andrew Dumont, Senior Community Development Analyst, Federal Reserve Board of Governors
1:45pm–2:30pm Leveraging Natural Assets to Promote Rural Prosperity

Rob Riley, President, Northern Forest Center

Aaron Woolf, Developer, Elizabethtown Bike Ranch
2:30pm–3:30pm Investing in Equitable Resilience in Rural Communities

Caitlin Cain, Vice President, LISC and Director, Rural Local Initiatives Support Corporation (LISC)

Vannessa Piñeiro Montes, Vice President and Compliance Manager of Community Reinvestment Law, Banco Popular de Puerto Rico

Mike Tarantino, President and CEO, Iberia Industrial Development Foundation
3:30pm–3:45pm Break
3:45pm–4:30pm Digital Inclusion in Rural New York

Otho Kerr, Director of Strategic Partnerships and Impact Investing, Federal Reserve Bank of New York

Scott Rasmussen, Acting Director, New York State ConnectAll

David Wolff, Board Member, AdkAction
4:30pm–5:00pm Multisector Health Partnerships

Ruth Thomas-Squance, Senior Director of Field Building, Build Healthy Places Network
5:00pm–5:10pm Break
5:10pm–5:30pm Book Talk

Nicolas Hazard, Special Advisor, Social Economy, European Commission
5:30pm–5:35pm Closing Remarks

David Erickson, Head of Community Development, Federal Reserve Bank of New York
5:35pm–6:30pm Reception
Speakers

Caitlin Cain
Vice President, LISC
Director, Rural Local Initiatives Support Corporation (LISC)


Andrew Dumont
Senior Community Development Analyst
Federal Reserve Board of Governors


David Erickson
Head of Outreach and Education
Federal Reserve Bank of New York


Nicolas Hazard
Special Advisor, Social Economy
European Commission​


Otho Kerr
Director of Strategic Partnerships and Community Impact Investing
Federal Reserve Bank of New York


Vannessa Piñeiro Montes
Vice President and Compliance Manager of Community Reinvestment Law
Banco Popular de Puerto Rico


Scott Rasmussen
Acting Director
New York State ConnectALL Office


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


Dave Wolff
Board Member
AdkAction


Aaron Woolf
Developer
Elizabethtown Bike Ranch


resources

A Playbook for New Rural Healthcare Partnership Models of Investment

Bipartisan Infrastructure Law Rural Playbook | The White House

Visit the New York Fed's page on Community Development

 


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