2003 Adopted Resolutions
71st Annual Meeting
Denver

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U.S. METRO AREAS AS ENGINES OF THE AMERICAN ECONOMY

WHEREAS, The United States Conference of Mayors and the Council for Investment in the New American City have documented that U.S. metro areas are the engines of the American economy, generating 84 percent of the nation's employment and 88.3 percent of labor income; and

WHEREAS, through its U.S. Metro Economy series, the Conference and the Council have created a new, national economic measure for the nation's 319 metro areas called Gross Metropolitan Product, which documents that U.S. metro areas contribute over 85 percent of the nations Gross Domestic Product (GDP); and

WHEREAS, over the last decade, U.S. metro areas accounted for over 86 percent, $3.9 trillion, of the nation's economic growth; and

WHEREAS, U.S. metro economies also dominate state economies, with 16 metro areas accounting for over 50 percent of the output in the state in which they are located, with an additional 28 U.S. metros accounting for over 25 percent of their states output; and

WHEREAS, through this documentation it is clear that the national economy can not recover unless the nation's metro economies begin to grow and produce jobs; and

WHEREAS, in their June Employment Outlook, the Conference and the Council reported that the nation's metros lost over $1.15 million jobs in 2002, with 206 metros experiencing net job loss; and

WHEREAS, many metro areas saw large employment declines also in 2001, ranging from the manufacturing centers (Detroit, 55,000 jobs lost) to high technology (Seattle, 15,000 jobs lost); and

WHEREAS, the nation has lost more than 2.5 million jobs over the last two and one-half years, and continues to lose jobs at an alarming rate,

NOW, THEREFORE, BE IT RESOLVED that The United States Conference of Mayors commends the Council for Investment in the New American City and its corporate and non-profit members for developing the Metro Economy Series and calls on them to promote the series nationwide to academia, the media, public leaders and the general public to educate them on the importance of U.S. metro areas to the economic growth of the nation and its citizenry; and

BE IT FURTHER RESOLVED that The United States Conference of Mayors calls on the Council to expand the Metro Economic Report series to further document how important U.S. metro economies are to individual state economies; and

BE IT FURTHER RESOLVED that the Council continue to identify and develop strategies to remove barriers to capital formation and investment in cities; promote innovative approaches to increased home ownership and financial literacy among urban residents; encourage public/private partnerships in environmental infrastructure; increase the availability of financial services to urban residents; and promote commercial investment in cities; and

BE IT FURTHER RESOLVED that the Council work with its members to further promote and document the competitiveness of America's cities as new places to invest and live.