Visit to strengthen relationships with community and business leaders, and to discuss local economic environment and concerns

NEW YORK—William C. Dudley, president of the Federal Reserve Bank of New York, will visit northern New Jersey on August 18-19 as part of the Bank’s continued outreach efforts in the region and to strengthen ties with stakeholders of the Second Federal Reserve District. Ted Smith, executive vice president and head of the Audit Group at the New York Fed, is also expected to attend the visit.

President Dudley will deliver two separate speeches about the regional economy, highlighting conditions in the area and his outlook for the United States. He will also make several site visits to meet with local community and business leaders to learn more about conditions in the area and discuss a range of economic issues.

The following events are open to the media:

August 18, 2011
8:35 a.m. EDT
Speech: President Dudley remarks on Regional & National Economic Outlook
New Jersey Performing Arts Center
1 Center Street, Chase Room
Newark, New Jersey 07102

Text for President Dudley is expected and will be provided on embargo. Q&A from the audience is also expected. All press must RSVP for this event no later than 5:00 p.m. on August 17 by contacting Barbara Kauffman, EVP for Newark Regional Partnership, at (973) 242-4219 or bkauffman@newarkrbp.com.

2:30 p.m. EDT
Site Visit: Jersey City Economic Development and Revitalization
Connell Foley LLC
185 Hudson Street, 2510 Plaza 5
Jersey City, New Jersey 07302

President Dudley will be briefed on the revitalization efforts of the city as well as initiatives to spur small business in the area. He’ll then participate in a water front development tour through Jersey City. This event will be hosted by Mayor Jerramiah T. Healy of Jersey City. All press must RSVP for this site tour no later than 5:00 p.m. on August 17 by contacting the Mayor’s Press Secretary, Jennifer Morrill at (201) 547-4836 or jenniferm@jcnj.org.

August 19, 2011
8:30 a.m. EDT
Speech: President Dudley remarks before the Meadowlands Chamber of Commerce
Meadowlands Commission
2 DeKorte Plaza
Lyndhurst, New Jersey 07071

Text for President Dudley (nearly identical to his remarks on August 18) is expected and will be provided on embargo. Q&A from the audience is also expected. All press must RSVP for this event no later than 5:00 p.m. on August 17 by contacting Sophia Vallis at (201) 939-0707 ext. 2945 or svallis@meadowlands.org.

10:45 a.m. EDT
Site visit of Accurate Box- A third generation family-owned firm and one of the largest independent box manufacturers of litho laminated packaging in the United States.
86 Fifth Avenue
Paterson, New Jersey 07524

All press must RSVP for this site tour no later than 5:00 p.m. on August 17 by contacting Daisy Santana at (973)333-6304 or dsantana@medicalsciences.com.

The two-day visit will also include the following closed-press events:

• A site visit of a non-profit organization with Mayor Cory A. Booker of Newark, New Jersey
• Roundtable discussions with representatives from New Jersey credit unions and community banks
• A neighborhood stabilization tour
• Informal dialogue with pharmaceutical industry employees

Federal Reserve Bank of New York contacts:
Matthew Ward
(212) 720-6885 Direct
(347) 446-4187 Mobile
matthew.ward@ny.frb.org 
 
Eric Pajonk
(212) 720-1735 Direct
(917) 226-9426 Mobile
eric.pajonk@ny.frb.org