CREC Project News and Updates

Webinar Recording: Perspectives on the Economy and What is Next for Recovery – A Digital Town Hall with Tom Barkin, President of the Federal Reserve Bank of Richmond

August 14, 2020

Tuesday, August 11, 2020
11am‐noon EDT

The scale of the current pandemic‐driven economic crisis is unprecedented. What does the future hold for businesses, workers, and jobseekers as states move forward with reopening the economy? Can we expect a speedy recovery? The Center for Regional Economic Competitiveness (CREC) and its affiliated associations invite you to participate in a conversation with Tom Barkin, President and Chief Executive Officer of the Federal Reserve Bank of Richmond, one of 12 regional Reserve Banks that are a part of the Federal Reserve System. In addition to its role in the nation’s monetary policy, the Richmond Fed works to strengthen the economy and communities in its district, which includes the Carolinas, Maryland, Virginia, most of West Virginia, and Washington, D.C. During this digital town hall, President Barkin will share his perspectives on the economy and prospects for recovery, followed by an opportunity for participants to ask questions and share assessments about their own regional challenges. This is a great opportunity to both get and share insights on the state of the economy in this pandemic crisis and beyond.

Our Featured Guest: Tom Barkin took office on January 1, 2018, as the eighth president and chief executive officer of the Fifth District, Federal Reserve Bank of Richmond. The Fifth District covers the states of Maryland, Virginia, North Carolina, and South Carolina; 49 counties constituting most of West Virginia; and the District of Columbia. In 2020, he serves as an alternate voting member of the Federal Open Market Committee. Mr. Barkin was previously a senior partner and the chief risk officer at McKinsey & Company, a worldwide management consulting firm, and had served as the organization’s chief financial officer. He currently serves on the Emory University Board of Trustees. Prior to being named president and chief executive officer, Mr. Barkin served on the board of directors for the Federal Reserve Bank of Atlanta from 2009 to 2014, chairing the Reserve Bank’s board from 2013 to 2014. Mr. Barkin received his BA, MBA, and law degrees from Harvard University. He is married with two children.

About This Project

Developing a Community Empowerment Scorecard
Start Date: Jan 1970 — End Date: Jan 1970

CREC is assisting the Colorado Workforce Development Council (CWDC) in promoting economic mobility among the individuals that are receiving employment assistance.  CREC is developing a community empowerment scorecard to help CWDC monitor the various factors that contribute to jobseeker mobility.  The scorecard will focus on examining career pathways and partnerships in the retail sector that […]

Assisting College Leaders In Using Labor Market Data to Drive Education and Training Curriculum
Start Date: Jan 1970 — End Date: Jan 1970

CREC worked with FTCC leadership and staff to translate data about labor market trends into more demand-driven curriculum plans that recognize key labor market opportunities as an important criterion in allocating limited college resources. Through this effort, CREC reviewed how FTCC used data in its curriculum planning process and facilitated working sessions with the Board, senior staff, […]

Counting U.S. Secondary and Postsecondary Credentials, Phase III
Start Date: Jan 1970 — End Date: Jan 1970

For the third year, CREC is collaborating with the George Washington University Institute of Public Policy to determine a typology and count of U.S. educational and professional credentials for Credential Engine—a 501(c)(3) nonprofit dedicated to promoting transparency and literacy in the credential marketplace. Our goal is to identify existing data sources and integrate these into […]

Building a Recovery-to-Work Ecosystem
Start Date: Jan 1970 — End Date: Jan 1970

CREC is providing support to the Development District Association of Appalachia in executing an Appalachian Regional Commission grant to support and document the development of “recovery-to-work” ecosystems.  The project goal is to guide Local Development Districts in the Appalachian Region convene community stakeholders and lead efforts aimed at helping Substance Use Disorder sufferers to transition […]

Business and Higher Education Forum (BHEF) Project
Start Date: Jan 1970 — End Date: Jan 1970

The Business and Higher Education Forum (BHEF), the Greater Washington Partnership (GWP) and the Business Roundtable are well established organizations connecting business, university and non-profit partners in the Washington DC/Maryland/Virginia region (DMV). These organizations aim to increase the number of high-quality, transparent and affordable pathways to the attainment and updating of Digital Technology skills in […]

Improving State-level Labor Force Projections
Start Date: Jan 1970 — End Date: Jan 1970

CREC and the State of North Carolina Labor and Economic Analysis Division (LEAD) are working with the Projections Managing Partnership on an improved methodology that considers state-level labor force projections as a benchmark for labor supply in the PMP’s employment projections products. Currently, the PMP relies on national estimates provided by the U.S. Bureau of […]

Regional Innovation Cluster Initiative Program Evaluation
Start Date: Jan 1970 — End Date: Jan 1970

CREC and Optimal Solutions Group are providing program evaluation services to the Small Business Administration’s (SBA) Office of Performance Management on its Regional Innovation Cluster Initiative. SBA’s Regional Innovation Cluster (RIC) Initiative was launched in September 2010, with funding now provided to 14 industry clusters across the country focused on geospatial technology products, water technologies, […]

Assist BrightHive with WIN Apprenticeship Data Platform
Start Date: Jan 1970 — End Date: Jan 1970

Workforce Intelligence Network for Southeast Michigan (WIN)/Southeast Michigan Community Alliance (SEMCA) has entered into a contract with BrightHive to build an apprenticeship data platform to support connecting employers with performance-based objectives (PBOs), competency frameworks and models, and other skills outlines and to help employers create competence-based apprenticeships through integration with and subsequent use by one […]

MIT Work for the Future
Start Date: Jan 1970 — End Date: Jan 1970

CREC is working closely with Dr. Liz Reynolds and Dr. Paul Osterman to investigate how Detroit’s education and training delivery systems are adapting to technological and pedagogical advances as well as how they are contributing to equality in opportunity and social inclusion – the future of the “mobility sector”. CREC will support Dr. Paul Osterman […]

ARC Entrepreneurial Benchmark Update 2018-2020
Start Date: Jan 1970 — End Date: Jan 1970

CREC, working with EntreWorks Consulting, is continuing our work in promoting entrepreneurial efforts in the Appalachian Region by maintaining a database of the region’s entrepreneurial ecosystem, updating research on the region’s economic dynamism, and maintaining a web presence at http://arceco.creconline.org for the entrepreneurial directory and the entrepreneurial index (updated through 2017).

About the Client

EntreWorks Consulting

Based in Arlington, VA, EntreWorks Consulting is an economic development consulting and policy development firm focused on helping communities, businesses, and organizations achieve their entrepreneurial potential.   EntreWorks works with a diverse base of clients including state and local governments, Chambers of Commerce, business leaders, educational institutions, and non-profits. Since its founding, EntreWorks has worked with […]