California Community Development Finance Meeting: Strategies to Respond to the Economic Crisis
DescriptionThe Milken Institute partnered with the San Francisco Federal Reserve Bank's Center for Community Development Investments to host a workshop on improving financial services and the flow of credit to communities where the need is most urgent.
The California Community Development Finance Meeting: Strategies to Respond to the Economic Crisis convened a small group of major investors, including representatives from banks, foundations, insurance companies, pension funds and impact investing firms, along with state and local government officials and leading community development finance practitioners.
The agenda highlighted strategies for leveraging federal stimulus funding in California, but also the long-term goal of creating a stronger community development finance industry in the state.
San Francisco Fed president Janet Yellen began the day with an economic update. Betsy Zeidman, research fellow and director of the Center for Emerging Domestic Markets at the Milken Institute, later moderated a session on opportunities for investment.
This invitation-only workshop, held at the Federal Reserve in San Francisco, was also hosted by AltruShare, Impact Community Capital and Wall Street Without Walls.