On Wednesday, November 19, 2025, the Federal Reserve Bank of New York will host a hybrid event on fostering and improving markets channeling investments into under-resourced communities.
The event will explore strategies that help connect new sources of capital to community needs and solutions; scale existing sources of capital for communities; and connect previously unlinked buyers and sellers of services and products that address critical community challenges. Speakers and panelists will highlight the vital role of community-based interventions.
This will be of interest to leaders in finance, philanthropy, community development, and academia, and anyone else interested in creating new markets aimed at fostering opportunity-rich communities.
November 19, 2025
1:30pm-5:40pm
(Coffee and networking preceding event; reception to follow.)
Federal Reserve Bank of New York
33 Liberty Street
New York, NY
(Registration to attend in-person closes November 14, 2025.)
This event is open to the public.
This event is open to the media. All remarks are on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.
Agenda
| 1:30pm-1:40pm | Opening Remarks
Otho Kerr, Director of Strategic Partnerships and Community Impact Investing, Federal Reserve Bank of New York |
| 1:40pm-2:00pm | Fireside Chat on Making Missing Markets
David Erickson, Head of Outreach and Education, Federal Reserve Bank of New York David Bank, Editor and Founder, ImpactAlpha |
| 2:00pm-2:10pm | Community Development Speech
John C. Williams, President & CEO, Federal Reserve Bank of New York |
| MODULE 1: THE MAKING MISSING MARKETS INITIATIVE AND CATALYZING PLACE | |
| 2:10pm-2:20pm | Spotlight
Making Missing Markets Communities and Design Teams |
| 2:20pm-2:30pm | Presentation
Carol Naughton, CEO, Purpose Built Communities |
| 2:30pm-2:50pm | Keynote Phil Murphy, Governor of New Jersey |
| 2:50pm-3:35pm | Conversation:Shared Opportunities and Challenges Across Making Missing Markets Communities Moderator: Tony Davis, Director of Community Outreach & Health, Federal Reserve Bank of New York Mendi Blue Paca, President & CEO, Fairfield County’s Community Foundation Cali Brooks, President & CEO, Adirondack Community Foundation Dr. Carley Riley, Attending Physician, Critical Care Medicine, Cincinnati Children’s |
| 3:35pm-4:05pm | Break |
| MODULE 2: MAKING A MARKET FOR MAKING MISSING MARKETS |
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| 4:05pm-4:50pm | Fireside: Investor Perspectives Moderator: Jonathan Kivell, Director of Community Investments, Federal Reserve Bank of New York Rip Rapson, President and CEO, The Kresge Foundation René Jones, Chairman and CEO, M&T Bank Ladell Robbins, Managing Director, Head of BlackRock Impact Opportunities, BlackRock |
| 4:50pm-5:35pm | Conversation: Missing Marketcrafting Moderator: Claire Kramer Mills, Director of Community Development Analysis, Federal Reserve Bank of New York Bryan Garcia, President and CEO, Connecticut Green Bank Brian Vo, Chief Investment Officer, Connect Humanity Christina Travers, Executive Vice President and CFO, LISC |
| 5:35pm-5:40pm | Closing Remarks David Erickson, Head of Outreach & Education, Federal Reserve Bank of New York |
