For Immediate Release: November 14, 2019
Contact: [email protected]
NEXT WEEK: President Bill Clinton and Secretary Hillary Rodham Clinton to Host Domestic Policy Conference on Economic Inclusion and Growth at the Clinton Presidential Center in Little Rock
On November 20, the Clinton Foundation will host the conference, which will bring together leaders and bipartisan representatives from state and local municipalities, nonprofits, and the philanthropic and private sectors to discuss the evolution and successes of Community Development Financial Institutions (CDFI), proven approaches for urban and rural economic revitalization, supporting entrepreneurs and small businesses, and how to further economic growth in underserved communities.
Featured participants include President Bill Clinton, founder and board chair, Clinton Foundation; Hillary Rodham Clinton, former U.S. Secretary of State; Darrin Williams, CEO, Southern Bancorp; Lisa Mensah, CEO, Opportunity Finance Network; Donna Gambrell, President and CEO, Appalachian Community Capital, and Former Director, U.S. Department of the Treasury’s CDFI Fund; Jodie Harris, Director, U.S. Department of the Treasury’s CDFI Fund; Cliff Rosenthal, Visiting Scholar, Center for the Study of Brooklyn at Brooklyn College; Jennifer Tescher, CEO, Financial Health Network; Secretary Henry Cisneros, Principal, Siebert Cisneros Shank & Co. LLC; Brian Argrett, President and CEO, City First Bank of D.C.; Mayor Michael Hancock, Mayor of Denver, Colorado; Erin Robert, Head of Capital Strategies, JPMorgan Chase; Mayor Stephen Benjamin, Mayor, Columbia, South Carolina; Stacy Leeds, Vice Chancellor for Economic Development, Dean Emeritus, and Professor of Law, University of Arkansas; Luz Urrutia, CEO, Opportunity Fund; Lisa Hall, Fellow, Beeck Center for Social Impact and Innovation; Annie Donovan, COO, Local Initiatives Support Corporation (LISC), and Former Director, U.S. Department of the Treasury’s CDFI Fund; Peter Filipovic, Vice President, Global Treasurer, Starbucks; Dan Letendre, CDFI Lending and Investing Executive, Bank of America; Cynthia Muller, Director of Mission Investments, W.K. Kellogg Foundation; Gene Sperling, Former Director, National Economic Council; Megan Glover, Co-Founder and CEO, 120WaterAudit; Fagan Harris, President and CEO, Baltimore Corps; Anna Mason, Partner, Rise of the Rest Seed Fund; Mayor Libby Schaaf, Mayor of Oakland, California; Gene Ludwig, Founder and CEO, Promontory Financial Group; Cathie Mahon, President and CEO, Inclusiv; Matt Peterson, President and CEO, Los Angeles Cleantech Incubator; and Mayor Levar Stoney, Mayor of Richmond, Virginia.
This event will be livestreamed at: live.clintonfoundation.org
Media registration is now open. To attend, please register at: https://wjcf.co/nov20pressregistration.
Little Rock, AR – On November 20, President Bill Clinton and former Secretary Hillary Rodham Clinton will host “Economic Inclusion and Growth: The Way Forward,” a conference on domestic economic policy at the Clinton Presidential Center in Little Rock. The meeting will include announcements of new commitments designed to support entrepreneurship, spur economic development, and improve financial health of underserved communities, continuing CDFI’s impact.
The conference will emphasize the need for a collective effort to drive action and help financial growth partners scale impact, address the income gap and racial wealth disparities, and better support underserved communities, small businesses, and entrepreneurs. In addition to remarks by President Clinton and Secretary Clinton, the conference will include a series of panel discussions and networking events with CDFI leadership, leading impact investors, mayors, community organizations, and former Clinton administration officials.
The conference is being held as the Community Development Financial Institutions (CDFI) Fund marks the 25th anniversary of its creation, among other important economic milestones from the Clinton administration, including the development of Rural Empowerment Zones, establishment of the New Market Tax Credit, and more. Together with state and local municipalities, nonprofits, and the philanthropic and private sectors, these Clinton administration priorities were key in unlocking economic opportunity by focusing on efforts to address income inequality and creating an era of broad-based economic growth.
This conference is made possible by the generous support of our partners: Ford Foundation, Gene Ludwig Family Foundation, Quorum, Southern Bancorp, Inc., Inclusiv, Winthrop Rockefeller Foundation, Road Runner, Little Rock Regional Chamber of Commerce, National Community Investment Fund, Opportunity Finance Network, Community Development Bankers Association, IFF, Association for Enterprise Opportunity, Financial Health Network, Oweesta, Beek Center, Calvert, Wayne Silby, Sunrise Bank, and Community Development Venture Capital Association.
Media accreditation is now open. To attend, register at: https://wjcf.co/nov20pressregistration.
*** FOR PLANNING PURPOSES ONLY ***
*** SCHEDULE SUBJECT TO CHANGE – PLEASE EMAIL [email protected] FOR QUESTIONS AND FULL AGENDA ***
WEDNESDAY, NOVEMBER 20 – FEATURED PANELS
FINANCIAL INCLUSION AND SUPPORTING UNDERSERVED COMMUNITIES
12:00 p.m.-1:15 p.m. CST
CAMERA AND PRESS PRE-SET: 11:00-11:45 a.m. CST
1200 President Clinton Ave, Little Rock, AR
This panel will discuss ways to support rural communities, Native Americans, recent immigrants, and others who often lack access to the banking sector. As part of this conversation, panelists will examine the effectiveness of historical and current efforts to reduce economic inequality, especially in rural communities and other underserved areas.
Moderator: Hillary Rodham Clinton, former U.S. Secretary of State
- Mayor Stephen Benjamin, Mayor, Columbia, South Carolina
- Secretary Mike Espy, Director, Cultivating New Frontiers in Agriculture
- Stacy Leeds, Vice Chancellor for Economic Development, Dean Emeritus, and Professor of Law, University of Arkansas
- Luz Urrutia, CEO, Opportunity Fund
HOW DO WE SCALE THE FIELD?
4:00 p.m.-5:30 p.m. CST
CAMERA AND PRESS PRE-SET: 2:45-3:45 p.m. CST
1200 President Clinton Ave, Little Rock, AR
This panel will ask major organizations in the field to underscore their commitments to collective action. Recognizing the progress that has been made, this panel will highlight effective models and approaches and ask what we need to do in 2020 and beyond to achieve further progress in the CDFI, inclusive growth, and small business areas.
Moderator: President Bill Clinton, Founder and Board Chair, Clinton Foundation; 42nd President of the United States
- Gene Ludwig, Founder and CEO, Promontory Financial Group
- Cathie Mahon, President and CEO, Inclusiv
- Matt Peterson, President and CEO, Los Angeles Cleantech Incubator
- Mayor Levar Stoney, Mayor of Richmond, Virginia
Press registration is open to members of the media. All media must apply for credentials and must be approved by the Foundation in order to attend. To attend, please register at: https://wjcf.co/nov20pressregistration.
Media who pre-registered and received a confirmation email notification from the Foundation of their acceptance should pick up their credentials at the press registration desk.
Credentials will be available for pick up at the press registration table at the following location and hours:
8:30 a.m.-4:00 p.m. CST
Clinton Presidential Center
1200 President Clinton Ave, Little Rock, AR
Please do NOT bring or use wireless microphones on-site, as they may interfere with the program’s wireless system.
The Clinton Presidential Center offers free, on-site parking
Please send all interview requests to [email protected]
Photos Available for Use
For photos and permission to use in published materials, please send requests to [email protected]
About Clinton Administration priorities to unlock economic opportunity and inclusion:
- Community Development Financial Institutions (CDFI) Fund: The Clinton Administration promoted the formation of more than 400 Community Development Financial Institutions (CDFIs) through the creation of the CDFI Fund. Through the passage of the Riegle Community Development Banking and Financial Institutions Act of 1994, the CDFI Fund was created within the U.S. Treasury Department to provide federal support for CDFIs serving low-income communities.
Since 1996, the CDFI Fund awardees have provided more than $29 billion in loans and investments across the country, including $6.1 billion in small towns and rural communities, $757 million in Native communities, and $726 million to women-owned businesses.
- Rural Empowerment Zones (EZs): To spur economic growth in areas with poverty rates about 20 percent, the Clinton Administration established the first three rural and six urban EZs in parts of Philadelphia-Camden, Baltimore, Chicago, Detroit, New York, Atlanta, and the rural regions of Texas’ Rio Grande Valley, the Mississippi Delta, and Appalachian Kentucky. Between 1997 and 2008, EZ and Enterprise Community (EC) tax credit dollars claimed by employers within both rural and urban EZs/ECs grew from just over $10 million to nearly $180 million.
- New Market Tax Credit: President Clinton initiated a focus on ‘New Markets,’ which sought to integrate the efforts of several government agencies and private sector actors to ramp up investment and business development in underserved and marginalized economic areas in the United States.
In an announcement of the New Markets Tour in 1999, President Clinton said, “Our greatest untapped markets are not overseas; they are right here at home.” Areas were prioritized based on high proportions of low-income people and included Appalachian Kentucky, the Mississippi Delta, Pine Ridge Reservation in South Dakota, East St. Louis, South Phoenix, and the Watts area of Los Angeles.
About the Clinton Foundation
Building on a lifetime of public service, President Clinton established the Clinton Foundation on the simple belief that everyone deserves a chance to succeed, everyone has a responsibility to act, and we all do better when we work together. For nearly two decades, those values have energized the work of the Foundation in overcoming complex challenges and improving the lives of people across the United States and around the world.
As an operating foundation, we work on issues directly or with strategic partners from the business, government, and nonprofit sectors to create economic opportunity, improve public health, and inspire civic engagement and service. Our programs are designed to make a real difference today while serving as proven models for tomorrow. The goal of every effort is to use available resources to get better results faster – at the lowest possible cost.
We firmly believe that when diverse groups of people bring resources together in the spirit of true cooperation, transformative ideas will emerge to drive life-changing action.