On September 23, 2021, the New York Fed hosted a discussion for Hispanic Heritage Month on creating a more equitable recovery. The event focused on the challenges to economic mobility and role of U.S. institutions in fostering mobility.

Economics is all about big ideas and big questions. But how do students generate those questions? And how can students answer them?

On July 7, 2021, educators learned how to generate compelling economics questions, how to use data in the classroom, and best practices in the inquiry learning process.

Available to watch here in its entirety, this event was part of the New York Fed’s Teacher Professional Development Program, which allows educators throughout the Second District to register for free professional development programs focused on increasing economic literacy for high school and college students. These programs offer Continuing Education credits and are held in several locations throughout the year, as well as online.

For more information, visit nyfed.org/teacher-development

On September 15, 2021 the New York Fed hosted a virtual discussion on maternal health, in collaboration with NYU Rory Meyers College of Nursing, the New York City Department of Health and Mental Hygiene, Low Income Investment Fund, and the Robert Wood Johnson Foundation.

This multidisciplinary event discussed the case for broad investments in maternal and child health, focusing on financing opportunities and creating new business models to achieve equitable health outcomes for mothers and children.

For more information, visit nyfed.org/sep15event.

Understanding and influencing organizational culture is essential to reforming the financial sector as well as having wide-ranging consequences on society.

On September 27, 2021, the New York Fed hosted a virtual event on the topic, which is available to watch here in full.

The event was part of the New York Fed’s initiative to spur reform of culture and conduct in the financial services industry and encourage the industry to raise standards. A multi-disciplinary panel of practitioners discussed techniques for collecting useful data, developing evidence-based assessments, and designing interventions to maximize impact.

To learn more about our work on this topic, visit nyfed.org/governance-and-culture.

The Federal Reserve Bank of New York, in collaboration with NYU Rory Meyers College of Nursing, and in partnership with Robert Wood Johnson Foundation, Low Income Investment Fund, and New York City Department of Health and Mental Hygiene, is hosting a virtual event on September 15, 2021 focused on the case for broad investments in maternal and child health, financing opportunities and creating new business models to achieve equitable health outcomes for mothers and children.

Attendees may register at nyfed.org/sep15event.

Panels will focus on post-partum health, policy insights, and financing opportunities. Speakers will include Naureen Hassan, the New York Fed’s First Vice President; Eileen Sullivan-Marx, Dean, NYU Rory Meyers College of Nursing; Dr. Antonia Villarruel, Dean of the

Cultural challenges and opportunities associated with the post-pandemic workplace are central to reforming financial sector culture as well as having wide-ranging consequences on society.

On July 16, 2021, the New York Fed hosted a virtual event on the topic, which is available to watch here in full.

The event was part of the New York Fed’s initiative to spur reform of culture and conduct in the financial services industry and encourage the industry to raise standards. Panelists explored topics including how norms are transmitted in various work environments, and the potential impacts of hybrid workplaces on cultural elements like collaboration and inclusion.

To learn more about our work on this topic, visit nyfed.org/governance-and-culture.

Since 1995, the High School Fed Challenge has been encouraging students to learn about the inner workings of the economy, and how policy decisions can affect everyone’s lives.

From teamwork, to in-depth research, to data literacy, to problem solving, and analytical writing, this academic competition from the New York Fed has offered students the chance to learn the economic way of thinking, and develop the skills needed to pursue economics as a career.

For this year’s challenge, students throughout the second district were invited to submit papers on the theme of Economic Inequality. From 66 submissions, teams from 12 schools were selected for publication in the inaugural issue of the Journal of Future Economists.

Their papers address a range of topics, from the socioeconomic effects

The Federal Reserve Bank of New York, in collaboration with AARP and Reimagine Main Street, is hosting a virtual event on July 22, 2021 focused on how technology can improve small-business credit access for businesses owned by people of color.

Attendees may register at nyfed.org/jul22event.

The event builds on a recent analysis by the Federal Reserve Bank of New York, which found that, although technology-enabled lenders represented a relatively small share of all PPP loans, these lenders played a critical role in serving business owners of color and businesses that needed relatively small loans.

In the midst of an unprecedented moment, there’s an opportunity to reexamine traditional models of investment in order to address social and environmental issues. Watch this video for insights featuring Darren Walker (President, The Ford Foundation), Lisa Hall (Chair of Impact, Apollo Capital Management), and Otho E. Kerr III (Director of Community Impact Investing, New York Fed).

For more information, and to read the "Impact in Place" report and case studies, visit nyfed.org/community-development.

The Federal Reserve Bank of New York hosted a virtual discussion about how communities facing climate-related risks are mitigating future risk and addressing issues of investment, equity, and green technology. Community development advocates and practitioners on the front lines of climate change shared promising strategies for climate resiliency and adaptation, how to engage with local stakeholders and community members, and critical next steps.
To learn more about our work on this topic, visit nyfed.org/community-development.

The Federal Reserve Bank of New York’s Community Development team, in partnership with the U.S. Impact Investing Alliance, hosted a virtual event on June 3, 2021 focused on the expanding pool of impact investing funders, how new sources of investment can strengthen the low- and moderate-income communities hardest hit by the pandemic, and the New York Fed’s plans to connect communities with funds.

The event opened with remarks by David Erickson, head of Outreach and Education at the New York Fed, who detailed his team’s new strategic approach to bridging communities and capital. He also discussed the team’s new focus areas within the diverse world of community development.

In addition, the event included a discussion between Fran Seegull, president of the U.S. Impact Investing Alliance,

On May 19 2021, the New York Fed hosted a discussion in collaboration with the Center for Impact Finance at the Carsey School of Public Policy at the University of New Hampshire, to identify how community financial institutions, such as credit unions, community banks and Community Development Financial Institutions can finance solar installations in low-income communities and communities of color.

The plenary session, a culmination of previous working sessions, identified capital needs across low-income solar finance; identified policy barriers to scaling low-income solar development across project types and business models; engaged a broad group of stakeholders in solar development, community development finance, philanthropy, mainstream finance, and climate and energy policy to

By identifying and elevating promising ideas with the potential to make transformative changes, and connecting those ideas with socially-motivated impact investors, the New York Fed hopes to address some root causes of poverty and economic inequality.

Learn more at nyfed.org/community-development.

On Thursday, May 27, the Federal Reserve Bank of New York hosted an on-the-record event for members of the press to discuss the Liberty Street Economics three-part series on COVID-19 and small businesses, as part of their ongoing Economic Inequality research series. This series examines disparities in small business activity by income and race, inequalities in Paycheck Protection Program credit access during the pandemic, and differences in the loan and recipient county characteristics for those who received loans through financial technology (fintech) providers versus other lenders. The event featured a brief overview of the series’ top findings and Q&A with the blog authors.
For more information, visit nyfed.org/inequality-series

On May 19, 2021, the New York Fed hosted an online press briefing to examine the effects of mortgage forbearance, the outlook for the mortgage market, and the effects of these changes on households. The event is available to watch here in full, and articles in the series can be found at nyfed.org/mortgage-forbearance.

The Federal Reserve Bank of New York’s Community Development team, in partnership with the U.S. Impact Investing Alliance, is hosting a virtual event on June 3, 2021 focused on the expanding pool of impact investing funders, how new sources of investment can strengthen the low- and moderate-income communities hardest hit by the pandemic, and the New York Fed’s plans to connect communities with funds.

Attendees may register at nyfed.org/jun3event.

The event will open with remarks by David Erickson, head of Outreach and Education at the New York Fed, who will detail his team’s new strategic approach to bridging communities and capital. He will also discuss the team’s new focus areas within the diverse world of community development.

In addition, the event will include a discussion

As part of its initiative to spur reform of culture and conduct in the financial services industry and encourage the industry to raise standards, the New York Fed is hosting a series of web events. The fourth webinar in the series, Purpose and the Employee as Stakeholder, took place May 6, 2021.

Panelists discussed the role of organizational purpose in building healthy cultures; the ways in which the rise of employee activism affects organizational culture; and increased demand for corporations to engage on contemporary social issues and engage with a broader group of stakeholders.

To learn more about the New York Fed’s work on this topic, visit nyfed.org/governance-and-culture.

The typical business owner holds assets and savings that are two to seven times greater on average than a comparable employee. This advantage only increases when looking at financial security for those aged 45 years and older.

"We want to kind of bust that notion that entrepreneurs are only in their 20s and only in the tech world. The reality is four out of five small business owners are 45+ and they are among the most successful in the entrepreneurial space."
— Nancy LeaMond, EVP and Chief Advocacy & Engagement Officer, AARP

However, the COVID-19 pandemic affected everyone’s financial well-being, and introduced unique challenges for older entrepreneurs.

78% saw their year-on-year revenue decline in 2020 as a result of business closures, and active business ownership among older

On April 7, 2021, the Federal Reserve Bank of New York, in association with The International Society for Urban Health and the NYU School of Global Public Health, sponsored an event on the social determinants of health, with a focus on health equity issues.

The COVID-19 crisis has revealed racial and economic disparities in baseline health, access to quality healthcare, and health outcomes in the U.S. and internationally. For example, Johns Hopkins University of Medicine reports that while Black Americans represent only about 13% of the population in the states reporting racial/ethnic information of people who have died of COVID-19, they account for about 34% of total COVID-19 deaths in those states.

During this event, a panel moderated by Dr. Jo Ivey Boufford, Clinical Professor at NYU

This webinar provides information about careers in economics, and aims to further awareness of the opportunities in the field among a broader talent pool.

New York Fed economists and research analysts (RAs) discuss the path to becoming an economist, why they chose careers in economics, their experience in the field, and the importance of expanding diversity in the profession.

Speaking alongside representatives from the New York Fed’s People & Engagement and Outreach & Education groups, they also talk about: tips for success in economics education (college and beyond) and the economics profession; potential career paths at the New York Fed and in the broader workplace; the role of RAs and college-level interns in the Bank; career-planning resources and mentoring information; and the

Part 1 of 5

On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP hosted a virtual event titled The State of the 50+ Entrepreneur. This event brought together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.

During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed presented and discussed a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.

In addition, New York Fed President and CEO John Williams participated in a moderated discussion with

Part 2 of 5

On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP hosted a virtual event titled The State of the 50+ Entrepreneur. This event brought together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.

During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed presented and discussed a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.

In addition, New York Fed President and CEO John Williams participated in a moderated discussion with

Part 3 of 5

On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP hosted a virtual event titled The State of the 50+ Entrepreneur. This event brought together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.

During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed presented and discussed a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.

In addition, New York Fed President and CEO John Williams participated in a moderated discussion with

Part 4 of 5

On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP hosted a virtual event titled The State of the 50+ Entrepreneur. This event brought together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.

During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed presented and discussed a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.

In addition, New York Fed President and CEO John Williams participated in a moderated discussion with

Part 5 of 5

On Tuesday, March 30, the Federal Reserve Bank of New York and the AARP hosted a virtual event titled The State of the 50+ Entrepreneur. This event brought together thought leaders, researchers, and policymakers, to discuss the impact of the COVID-19 pandemic on older business owners and their firms, and what might be done to help their recovery.

During this webinar, Claire Kramer Mills, Ph.D., Assistant Vice President and Director, Community Development Analysis, of the New York Fed presented and discussed a new report that examines the state of older business owners and their firms, as well as challenges they have faced historically and amidst the coronavirus pandemic.

In addition, New York Fed President and CEO John Williams participated in a moderated discussion with

On May 26, the Federal Reserve Bank of New York, in partnership with Comunilife, is sponsoring an event on the pandemic’s impact on mental health in communities of color, including the correlation between depression and anxiety and economic factors such as lost income.

Register at nyfed.org/may26event.

The Mental Health in Communities of Color event is part of a broader body of work the New York Fed is undertaking on the economic drivers of health and wellbeing. Nearly $1 trillion is spent annually in the U.S. on chronic health conditions that stem from poverty and structural disparities. Preventing these chronic conditions would have broad economic benefits.

Among the confirmed speakers are:
Rosa M. Gil, Founder, President & CEO, Comunilife, Inc., and Deputy Chair of the New York

On Monday, March 22, the Federal Reserve Bank of New York, in partnership with the Lyndon B. Johnson School of Public Affairs of the University of Texas at Austin, hosted a virtual event titled The Impact of the COVID-19 Shock on Women’s Labor Market Outcomes and Equitable Policy Solutions. This event, held as part of Women’s History Month, brought together thought leaders, researchers, community development practitioners, and policy influencers to discuss the COVID-19 "shecession," with a focus on women of color, as well the effects women’s job losses have had on families and children.

Pamela Dyson, Executive Vice President of the Technology Group at the New York Fed, delivered opening remarks. Jaison Abel, Assistant Vice President and Head of the Regional Analysis Function at the New

As part of its ongoing commitment to hearing from communities in the Second District, the New York Fed brought together leaders in environmental finance to explore solutions for preventing further climate change and mitigating its effects in poor and minority communities.

In this video, Mijin Cha of Occidental College shares a real-world example of how communities used proactive planning to address short term obstacles while transitioning to a greener economy that helps the most vulnerable.

To learn more about the New York Fed’s work on this topic, visit nyfed.org/inequality. Or, to watch the full event, visit nyfed.org/nov19event.

Register for the New York Fed’s Financial Innovations Roundtable Event, "Scaling Equitable Solar Finance" at nyfed.org/may19event.

On May 19, 2021, the Federal Reserve Bank of New York and the Center for Impact Finance at the Carsey School of Public Policy at the University of New Hampshire will gather solar industry stakeholders, project developers, and members of the financial sector in a virtual discussion to identify how community financial institutions, such as credit unions, community banks and Community Development Financial Institutions can finance solar installations in low-income communities and communities of color.

The plenary session, a culmination of previous working sessions, will identify capital needs across low-income solar finance; identify policy barriers to scaling

On February 24, 2021, the New York Fed hosted discussion on how the climate crisis is affecting communities of color, with economists presenting findings on climate risk and inequality, and research on how the wealth gap hobbles communities of color when disaster strikes.

To learn more about the New York Fed’s work on this topic, visit nyfed.org/inequality.