FEDERAL RESERVE BANK OF RICHMOND PRESIDENT TOUTS VALUE OF EARLY EDUCATION

President of Federal Reserve Bank of Richmond Jeff Lacker Speaks to Fairfax Futures Business Partners

Federal Reserve Bank of Richmond President, Jeff Lacker

March 5, 2008 - Falls Church, VA – Federal Reserve Bank of Richmond President Jeffrey M. Lacker spoke to a gathering of Fairfax Futures’ business and foundation partners about early childhood education as an economic development issue at a dinner held in Falls Church on March 5, 2008. In his remarks, Lacker noted, “Human capital is critically important to economic growth at the state or metropolitan level.  Therefore, the more skilled the workforce, the more rapidly the economy grows."  Lacker went on to say, “The close relationship between skills and growth, combined with compelling evidence that early childhood education leads to better educated, more highly-skilled adults, is what makes the case for early childhood education so strong for me."

l to r: Stephen Fuller, Director of Regional Analysis, George Mason University and Michael Harreld, Regional President, PNC listen to Federal Reserve Bank of Richmond President, Jeff Lacker.

“We were delighted to be able to bring our business and foundation partners together to hear about the importance of investing in early childhood education from someone who understands the potential impact of inaction on our regional and national economy,” said Vera Steiner Blore, Fairfax Futures’ Executive Director.  “Mr. Lacker highlighted the research that suggests that current investment in quality early childhood education will yield a great return on investment down the road,” she noted.

Fairfax Futures executive director Vera Steiner Blore shares a lighter moment with Greater Reston Chamber President Penny Pompei and Dulles Regional Chamber President Eileen Curtis.

Fairfax Futures’ School Readiness Network business and foundation partners represented at the event included Raytheon IIS, PNC Bank, Capital One, Rolls-Royce North America, Cox Communications, ICF, Washington Area Women’s Foundation, as well as area chamber and economic leaders.

Steve Gannon, Vice President, Government Affairs, Capital One and Charlene Wheeless, Vice President, Communications, Raytheon IIS and Fairfax Futures Chair.

Jeff Lacker enjoys a laugh with Phyllis Caldwell, President, Washington Area Women's Foundation.

Federal Reserve Bank of Richmond President, Jeff Lacker at the podium.

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