On Tuesday, May 23, 2023, the Federal Reserve Bank of New York, in partnership with the Ford Foundation, hosted an in-person event exploring how some companies are seeking to increase low- and moderate-income workers’ wealth through investments in ownership and employee benefits. The event focused on how efforts to improve the wealth of low- and moderate-income workers are financed and what is needed to make such investments more widespread.
May 23, 2023
2:00 pm – 4:30 pm EDT
(Reception to follow)
Federal Reserve Bank of New York
Benjamin Strong Room
33 Liberty Street
New York, NY
(In-person event only.)
This in-person event was open to the public.
This event was open to the media. All remarks were on the record and the event was recorded, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Vincent Alvarez, President, New York City Central Labor Council, AFL-CIO; Chair, Board of Directors, Federal Reserve Bank of New York
Joseph R. Blasi, J. Robert Beyster Distinguished Professor, Rutgers University; Director, Institute for the Study of Employee Ownership and Profit Sharing
|2:45pm-3:30pm||Panel: Investment Strategies
Moderator: Jessica Rose, Chief Financial Officer, Global Impact Investing Network
Graham Thomas, Principal, KKR Capstone
Philip Reeves, Founding Partner, Apis & Heritage Capital Partners
John Holdsclaw IV, President and CEO Rochdale Capital
|3:40pm-4:25pm||Panel: Moving the Needle for Capital
Moderator: Margot Brandenburg, Senior Program Officer, Mission Investments, Ford Foundation
Michaela Edwards, Partner, Capricorn Investment Group
Don Baylor Jr., Managing Director, Co-Head Community Impact, Lafayette Square
Gianna McCarthy, Director of Corporate Governance, New York State Common Retirement Fund
Jake Scott, Community Development Analyst, Federal Reserve Bank of New York