A local business leader has been tapped to serve on the Federal Reserve Bank of New York’s new Community Advisory Group.
PathStone Corp. president and CEO Stuart Mitchell joins 11 other nonprofit and community organization leaders from throughout the New York Fed’s second district. Members will provide the Fed with a real-time view of the issues faced by a diverse set of communities across the district.
The first meeting was held this week, according to a statement.
“The New York Fed’s region is home to incredibly diverse populations,” said Anand Marri, vice president for outreach and education at the New York Fed. “The Community Advisory Group will offer critical, firsthand insight about the economic opportunities and challenges they are experiencing. This will fill knowledge gaps about how various groups are faring, which can inform our programs and research.”
The New York Fed has several other advisory councils, including ones focused on small business and agriculture, the regional economy and community depository institutions. The Community Advisory Group is unique because it focuses on understanding the economic needs and realities of individuals and households from a range of geographies, officials said.
Members were selected based on their experience and expertise, as well as their ability to represent specific communities such as youth, seniors, veterans, immigrants and rural populations.
PathStone is a private, non-profit, regional community development and human service organization providing services to farmworkers, low-income families and economically depressed communities throughout New York, Pennsylvania, New Jersey, Ohio, Indiana, Vermont, Virginia and Puerto Rico. The organization was founded in 1969.
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