Investing in Workers: Challenges and Solutions for Wealth Building for Low- and Moderate-Income Workers

On Tuesday, May 23, 2023, the Federal Reserve Bank of New York, in partnership with the Ford Foundation, will host 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 will focus 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. A reception will follow the event. Registration is open through May 19, 2023.

Event details

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

Agenda

2:00pm-2:05pm	Welcome Remarks Vincent Alvarez, President, New York City Central Labor Council, AFL-CIO; Chair, Board of Directors, Federal Reserve Bank of New York
2:05pm-2:35pm	Research Presentation Joseph R. Blasi, J. Robert Beyster Distinguished Professor, Rutgers University; Director, Institute for the Study of Employee Ownership and Profit Sharing
2:35pm-2:45pm	Break
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
3:30pm-3:40pm	Break
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
4:25pm-4:30pm	Closing Remarks Jake Scott, Community Development Analyst, Federal Reserve Bank of New York

Presented by

Location

This is an in-person event in the Benjamin Strong room at the New York Fed. A reception will follow.