NC3 Invited to work with the NY Federal Reserve

NC3 was invited to participate in an “Investing for Well-Being Design Team” hosted and empowered by the NY Federal Reserve on May 28. Initiated by David Erickson, SVP of the Federal Reserve Bank of NY, the team is one of over a dozen teams tasked with designing an economy that works for everyone. The team of nearly 50 from across the country spent the day listening to expert panels and in workgroups addressing specific structures and processes designed to identify how we can transform our health and social services systems to finance and reward equitable health and well-being outcomes. Noting that community and personal wealth are the most accurate predictors of good health, the team included experts from the impact investing world, philanthropy, medical professionals, and community advocates. Our NC3 team included Pablo Bravo, a recent addition to NC3’s board and an expert in health care finance and CDFIs, Brian Beckon, one of NC3’s co-founders and an attorney for PathLight Law, and Chris Miller, also an NC3 co-founder and current board chair. NC3 has been asked to join the design team, and the language introduced by NC3 around community empowerment and wealth building was added to the working document.