Tim Lampkin has been appointed to the Community Development Advisory Council (CDAC) of the Federal Reserve Bank of St. Louis.
Lampkin is the CEO of Higher Purpose Co. a social impact agency based in the Mississippi Delta utilizing the power of entrepreneurship to help underserved communities thrive. He is also the Co-Founder of CapWay, a financial technology company providing products and services primarily for the unbanked. Lampkin also serves as the Outreach Coordinator for the Mississippi Humanities Council where he oversees the racial equity fund.
Lampkin holds degrees from Mississippi Valley State University, Delta State University, and Bellevue University and is currently pursuing his Doctorate of Education from the University of Arkansas.
He is apart of the National Rural Assembly and serves as a national advisor for Next Generation Project focused on arts and culture placemaking in rural America. Lampkin is a 2014-2015 graduate of the Delta Leadership Institute and was a part of the inaugural cohort of the Delta EntrepreneurshipNetwork.
He was selected to serve on the CDAC due to his nationally recognized efforts to enhance rural places.
“I am thankful for the opportunity to work with the Federal Reserve Bank of St. Louis to identify practical solutions to improve the quality of life for residents in the eighth district especially low to moderate income families.” said Lampkin.
The Federal Reserve Bank of St. Louis serves the eight district which consists of Arkansas and portions of six other states: Missouri, Mississippi, Tennessee, Kentucky, Indiana and Illinois. Lampkin is one of seven new members named to the council for a three-year term. The council is comprised of executives representing nonprofit organizations, financial institutions, universities, government, and community/economic development entities from across the district. The council meets bi-annually to inform St. Louis Fed President James Bullard about relevant issues in the district and to suggest ways the bank can support initiatives in local communities.