2021 Small Business and Economic Recovery Forecasting for Virginia

January 14, 2021

January 14, 2021

12:00 PM To 1:00 PM

Online Only



Event Description

Get straight answers from top leaders on 2021 industry change and economic recovery impacting suply chain, employers, & workforce.

Sponsored by the National Asian Chamber of Commerce and Entrepreneurship

Register now, Seats are limited.

2021 Small Business and Economic Recovery Forecasting for Virginia

A Virtual Symposium Luncheon

Thursday, January 14, 2020 From 12 pm to 1 pm


Small -Minority ( African-Hispanic-Asian American ) businesses have been hardest hit to date by the pandemic.

These small businesses have experienced revenue declines of more than 25%, and 37% are not operating at full capacity, with an average of almost 10% being closed, according to a recent national survey by the Public Private Strategies.

VACC Membership & Network from the U.S Mid Atlantic Region ( MD-DC-VA) is cordially invited to join us as we explore what next year economy will look like and how small and minority – Asian businesses get better prepared for the domestic recovery.

Will you be ready to procure your materials, bid for projects, hire employees, train your workforce, collaborate, and serve your customers in new innovative ways to adapt to changing conditions?

Helping to turn obstacles into opportunities, the Symposium is an on-going program of the Virginia Asian Chamber of Commrerce that offers available resources and business intelligence to help you grow and succeed in a highly challenging business environment.

Join us ! Get speakers bios, agenda, & Register at:





Speaker: Renee S. Haltom, Vice President and Richmond Regional Executive, Federal Reserve Bank.

Presentation on the National and State of Virginia Economic for 2021 * Connect with small businesses to share and gather information about the state and national economy impacting entrepreneurship and business creation and development.


Speaker: Stephen Moret, President, Virginia Economic Development Partnership

Presentation on the Targeted Virginia Industry and the Commonwealth. Recovery Outlook * Dialogue with the business community to discuss shared issues faced by industry, businesses and workforce

Register now!


A ZOOM LINK will be sent to all registrants and reminders will be sent several times to you one week before the event and the day of the event.


Agenda :

Portion 1:

12 pm to 12:05 pm: Greetings from VACC and Guest Remarks

Portion 2:

12:05 pm to 12:25 pm FEDERAL RESERVE BANK Presentation on the National Economic Outlook Forecasting (10mn) then the Mid Atlantic Region (MD-DC-VA and any other region the Fed includes in the Mid Atlantic region (10mn) Economic Outlook Forecasting for 2021

12:25 pm to 12: 30 pm: Q/A

Portion 3:

12:30 pm to 12: 50 pm: VEDP Presentation on the Targeted Virginia Industry (Retail – Info tech- Hospitality-Construction/Building – All Services: Professional and non professional such as food services – some light Manufacturing and any other areas suited best for small businesses) (10mn) for our audience of Small Businesses, then the State Economic Recovery Planning and Outlook Forecasting (10mn) for 2021.

12:50 pm to 12:55 pm: Q/A

Portion 4:

12:55 pm to 1:00 pm: Final General Q/A for both speakers and Conclusion.

1:00 pm: Program ends.


Chiling Tong, President and CEO of The Asian & Pacific Islander American Chamber of Commerce & Entrepreneurship

Chiling Tong has extensive domestic and international experience in economic and business development, with a focus on researching and enhancing the growth of small and minority business enterprises competing in the global market. Tong’s career spans the private, non-profit and public sectors.

Previously Chiling Tong served as a Deputy Assistant Secretary in the Department of Commerce and was responsible for overseeing the treatment of American companies by Asia and Pacific countries. Later she was the Chief of Staff and Associate Director at the Minority Business Development Agency. Over 20 years, Tong has built a strong nationwide network of 20 chapters consisting of entrepreneurs and community leaders that promotes the civic awareness, public service and economic effectiveness of the Asian Pacific American AAPI community. Tong was also an Ash Center Research Fellow at the Harvard Kennedy School.

2021 Small Business and Economic Recovery Forecasting for Virginia


Renee S. Haltom, Vice President and Richmond Regional Executive, Federal Reserve BankRenee Haltom is a vice president and regional executive at the Federal Reserve Bank of Richmond. Her work involves engaging business, banking, and community leaders on local economic conditions to inform the monetary policymaking process, as well as sharing information about the Federal Reserve System. Haltom is based at the Richmond office and has responsibility for public outreach and engagement in Virginia, as well as for the Community Depository Institutions Advisory Council.

Haltom joined the Richmond Fed in 2009 as an economic writer in the Research department, often with a focus on monetary policy, macroeconomics, and the Federal Reserve. She most recently served as editorial content manager for the Research Publications team, and was editor of Econ Focus magazine from 2015 to 2018. She previously worked in the Research and Public Information departments of the Federal Reserve Bank of San Francisco providing education on monetary policy and the Fed System to a variety of audiences.Haltom has a bachelor’s degree in economics from Michigan State University and a master’s degree in economics from the University of San Francisco.

Stephen Moret, President/CEO, Virginia Economic Development Partnership

Stephen Moret is President and CEO of the Virginia Economic Development Partnership. At VEDP, he has collaborated with state, regional, and local partners to craft an ambitious vision focused on transformational goals, including accelerating employment growth; enabling every region to grow; and moving Virginia back to the top of national business climate rankings.

At VEDP, he led Virginia’s successful state-and-local team bid for Amazon’s HQ2; designed Virginia’s $1.1-billion Tech Talent Investment Program; and has launched a world-class, custom workforce initiative, the Virginia Talent Accelerator Program. Previously he served as Louisiana Secretary of Economic Development, CEO of the LSU Foundation, and as a consultant with McKinsey & Company.

Moret earned an MBA from Harvard Business School as well as a doctorate in higher education management from the University of Pennsylvania, where his research focused on linkages between higher education and the labor market.


Ms. Janet Alikpala, Program Manager, National Asian Chamber of Commerce and Entrepreneurship

Ms.My Lan Tran, Executive Director, Virginia Asian Chamber of Commerce

Mr. Srini Bayireddy, President/CEO, Navitas Consulting Director, Virginia Asian Chamber of Commerce NOVA Office Director

Become a Program Sponsor !

Contact us at: aabac@aabac.org to inquire details.



Virginia Asian Chamber of Commerce


About the Organizers

Virginia Asian Chamber of Commerce is Virginia's official bonafide Asian Pacific American business membership organization serving businesses and professionals. Meeting well-connected peoples is the most valuable aspect of VACC Membership - Join us to meet hundreds of influential executives and professionals like you. Our members are from Maryland, DC area, Virginia ( Mid Atlantic), and the Southern statesAddress:Virginia Asian Chamber of CommercePO Box 2640Glen Allen, VA 23058Visit us at: www.aabac.org

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