For immediate release
Contact: Katherine Q. Dibling, senior media advisor, (215) 574-4119
Philadelphia, Pa. - The Federal Reserve Bank of Philadelphia expects hundreds of community development practitioners, bankers, researchers, and media representatives to attend the 2008 conference on Reinventing Older Communities: How Does Place Matter? The event is scheduled for Wednesday, March 26, through Friday, March 28, at the Marriott Philadelphia Downtown Hotel, 1201 Market St., Philadelphia, Pa.
Reinventing Older Communities is a bi-annual conference that examines current issues and problems and considers solutions to help foster change in cities and their surrounding suburbs. In 2008, the conference will look at how place matters in relation to health, segregation, education, and social networks.
Sandra Braunstein, director, Division of Consumer and Community Affairs, Board of Governors of the Federal Reserve System, will speak about the Federal Reserve’s response to problems in the subprime mortgage market. Braunstein will detail proposals for revisions of guidelines and regulations.
Bruce Katz, vice president and director, Metropolitan Policy Program, The Brookings Institution, Washington, D.C., will look toward the future and offer what he calls “A Blueprint for American Prosperity: Unleashing the Potential of U.S. Cities and Metro Areas." In his address, Katz will provide a directive to the next presidential administration about how federal and local governments should work in concert to tackle pressing issues such as education, national competitiveness, innovation, human capital, and infrastructure.
This year’s conference will include several seminars featuring academic research on how place matters for older communities. The latest research on the impact of place on education, crime, health, opportunities for neighborhood revitalization, and other critical urban issues will be presented and discussed. After the conference, the University of Pennsylvania’s Institute for Urban Research will publish a book based on the presentations.
The conference will also include a panel of European mayors who will explain the strategies they used to reinvent their cities. Philadelphia Mayor Michael Nutter is expected to be part of another panel featuring American mayors.
The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.