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.
Event Details
Date & Time
November 19, 2025
1:30pm-5:40pm
(Coffee and networking preceding event; reception to follow.)
Location
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
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: 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
Making Missing Markets
John C. Williams, President & CEO, Federal Reserve Bank of New York
2:10pm-2:20pm
Spotlight Reel
Making Missing Markets Communities and Design Teams
2:20pm-2:30pm
Investing and Flourishing
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
Christina Hollenback, Founding Partner, Justice Capital
3:35pm-3:50pm
Break
3:50pm-4:05pm
Investing with a Mission: Improving Employer-Sponsored Healthcare
Dan Mendelson, CEO, Morgan Health
4:05pm-4:50pm
Conversation: How Institutional Investors Can Meet the Need
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
Speakers
Editor and Founder
ImpactAlpha
President & CEO
Adirondack Community Foundation
Director of Community Outreach & Health
Federal Reserve Bank of New York
Head of Outreach and Education
Federal Reserve Bank of New York
President and CEO
Connecticut Green Bank
Founding Partner
Justice Capital
Chairman and CEO
M&T Bank
Director of Strategic Partnerships and Community Impact Investing
Federal Reserve Bank of New York
Director of Community Investments
Federal Reserve Bank of New York
Director of Community Development Analysis
Federal Reserve Bank of New York
CEO
Morgan Health
Governor of New Jersey
CEO
Purpose Built Communities
President & CEO
Fairfield County’s Community Foundation
President and CEO
The Kresge Foundation
Attending Physician, Critical Care Medicine
Cincinnati Children’s
Managing Director, Head of BlackRock Impact Opportunities
BlackRock
Executive Vice President and CFO
LISC
Chief Investment Officer
Connect Humanity
President and Chief Executive Officer
Federal Reserve Bank of New York
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