2023 Financial Summit 2023 Financial Summit

Federal Reserve Bank of Boston and Greater New England Minority Supplier Development Council Federal Reserve Bank of Boston and Greater New England Minority Supplier Development Council

May 18, 2023
9:00 AM - 2:30 PM
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210

The Federal Reserve Bank of Boston and Greater New England Minority Supplier Development Council (GNEMSDC) will host the first annual Financial Summit. The event will equip small business entrepreneurs with the tools to identify best practices for business growth and financial prosperity.

Please join us for sessions on the state of the current economy, wealth disparities, and more from leading speakers and industry specialists. The Financial Summit will include:

  • Presentations from the Federal Reserve Bank of Boston on the local and national economy, procurement challenges faced by small businesses, and wealth inequalities
  • Panel discussions on the best ways to acquire financing for your business and the future outlook for small businesses
  • Networking luncheon with peers and more!

Reservations are required and seating is limited for onsite participants. Parking is not provided by the Federal Reserve Bank of Boston.


9:00 a.m. - 9:30 a.m.

Registration, Breakfast & Networking

9:30 a.m. - 9:45 a.m.

Welcome/Speaker Intro

FRBB – ODEI welcome
FRBB – President Collins welcome
GNEMSDC – Welcome

9:45 a.m. - 10:05 a.m.

FRBB: Regional and Community Outreach – Wealth Inequality

Mike Evangelist

Federal Reserve Bank of Boston

10:05 a.m. - 10:15 a.m.

Q & A

10:15 a.m. - 10:35 a.m.

FRBB: Regional and Community Outreach

Procurement & related work

10:35 a.m. - 10:45 a.m.

Q & A

10:45 a.m. - 11:15 a.m.

Networking Break

11:15 a.m. - 11:35 a.m.

FRBB: Research – Economic Outlook

Bo Zhao

Federal Reserve Bank of Boston

11:35 a.m. - 11:45 a.m.

Q & A

11:45 a.m. - 12:15 p.m.

Panel: Getting to a yes: How Lenders make decisions


Daliza Nova

Project Director

Abstract: Have you ever wondered how lenders decide who to give money to and how much interest to charge? Our panel of experts will discuss how lenders make these decisions and what factors they consider when evaluating a borrower's ability to pay back a loan. You'll learn about the tools and techniques they use to assess creditworthiness and the types of collateral they may require. The discussion will also cover personal guarantees and what they mean for borrowers. Join us at the Federal Reserve for an engaging conversation and practical advice on financing options.


Patrick Lorent

M&T Bank

Sahra Halpern

Business Consortium Fund

12:15 p.m. - 1:30 p.m.

Networking Lunch

1:30 p.m. - 2:00 p.m.

Fireside Chat: Inorganic Growth: Mergers & Acquisitions


Harold Blackwell

Project Leader
MA MBDA COVID-19 Project

Abstract: In addition to discussing the strategies and challenges of inorganic growth through mergers and acquisitions, the panel will also feature two business owners who will share their personal perspectives and experiences with M&A. Through their insights and real-life examples, the panel aims to provide a nuanced understanding of the opportunities and pitfalls of this growth strategy, as well as practical advice on how to approach M&A deals in a way that maximizes value for all stakeholders involved.


Sean Cogdell

The Panther Group

2:00 p.m. - 2:30 p.m.

Fireside Chat: Alternative Forms of Capital: Investors


Gary Stiffler

MBE Growth & Development

Abstract: A discussion on key indicators that private equity firms review to determine investments.


Judy Frodigh

Altura Capital

2:30 p.m.

Thank you and Closing Remarks