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CWP's Tom Phillips Appointed to Federal Reserve Advisory Board

April 16, 2014 PRESS   + SHARE THIS

Key Appointment and Award Recognition for Capital Workforce Partners President and CEO, Thomas Phillips Federal Reserve Bank of Boston, New England Community Development Advisory Committee Member (2014-2016)

Mr. Phillips was appointed at the beginning of the month to the New England Community Development Advisory Committee Federal Reserve Bank of Boston, and has his first meeting this week. This Committee was established to help inform the President and Community Development Staff of the Federal Reserve Bank of Boston of activities, issues and barriers to community development in the region, ways in which the Bank can be of assistance in support of community development and identify opportunities to facilitate communication that will optimize community development resources in the region. The work this committee does also informs the work of the Federal Reserve System at the national level.

 "This may be some of the most important work I can do," says Mr. Phillips. "And it may be the first time the workforce "system" is at the table providing a key voice to the supply side of the supply and demand equation. The workforce, with the right skills has to be in place for job creation to take hold, and for the economy to grow in a sustainable way. " He continues, "There are some significant demographic changes evolving in New England's workforce, and that are going to force businesses to think differently about their employees, and the preparation of their future talent. The work this Committee is doing, may be more important now than ever before."

The committee meets three times a year, and Mr. Phillips has been asked to serve a three year term.