Council on Metro Economies and the New American City

What Mayors and Their Residents Need to Know About COVID-19 Economic Impact Payments

On March 27 the third federal stimulus bill, the Coronavirus Aid Relief and Economic Security (CARES) Act (HR 748), became law. The bill gives millions of Americans the opportunity to receive one-time economic impact payments to assist them during the COVID-19 pandemic. On March 30, the IRS and Treasury Department announced that payments would be

How the COVID-19 Federal Stimulus Bills Directly Affect Working Families

Since the onset of the COVID-19 pandemic, there have been three stimulus bills passed through Congress that have become law to provide emergency assistance to impacted Americans. The first bill, the Coronavirus Preparedness and Response Supplemental Appropriations Act (HR 6074), became law on March 6 and included $8.3 billion in emergency funding. The second bill

Mayors Hold Conference Call to Discuss Opportunity Zone Funds

On Wednesday, February 26, mayors from across the country joined the Council on Metro Economies and the New American City to discuss Opportunity Zone Funds, and how cities can leverage Opportunity Zone Funds to develop new city projects. Speakers included William Lambe of Enterprise Community Investment Inc., Noelle St. Clair of Woodforest National Bank, and

New Report: U.S. Metro Areas Continue to Drive Nation’s Economic Growth, Post Fifth Consecutive Year of Increase

For 18th year, U.S. Conference of Mayors releases annual report, forecasts growth of cities and metro regions   Washington, D.C. – Today, the U.S. Conference of Mayors (USCM) released its 18th annual report and forecast on U.S. Metro Economies, showing that cities and metro regions continue to be the engines of U.S. economic growth. In 2018,

Louisville Mayor Greg Fischer Announces First Opportunity Zone Investment

On November 5th, Louisville Mayor Greg Fischer announced one of the city's first Opportunity Zone investments by the Marin Group. According to the city, the new project will expand Blacksmith Iron Works, a fabrication and custom metal solutions business that recently moved into a 20,000 square-foot facility at 3100 Vermont Ave. - in the Russell neighborhood.

U.S. Treasury/IRS Publish Proposed Regulations on Opportunity Zones

On October 29, 2018 The U.S. Treasury published its first set of proposed regulations governing  Opportunity Zone tax incentives. Comment deadline on the proposed rules is December 28, 2018, and a public hearing is scheduled for January 10, 2019. U.S. Conference of Mayors Comments Letter to the IRS on Opportunity Zones - Submitted December 20th,

Statement by U.S. Conference of Mayors President Columbia (SC) Mayor Steve Benjamin on Meeting with Treasury Secretary on Opportunity Zones

Washington, DC—Today, a bipartisan delegation of mayors, led by U.S. Conference of Mayors (USCM) President Columbia (SC) Mayor Steve Benjamin, met with Treasury Secretary Steve Mnuchin to discuss the importance of timely and effective IRS guidance to implement the Opportunity Zone provisions of the Tax Cuts and Jobs Act of 2017.  The delegation included Rochester

U.S. Conference of Mayors and Ohio Mayors Alliance Release Report on Ohio Metro Economies

The U.S. Conference of Mayors and the Ohio Mayors Alliance today released a report on July 19, 2018 on the importance of Ohio city metro areas to the future growth of the Ohio economy.   The report highlights that in 2017, 83.5% of the State’s jobs and 86.1% of its wages were generated in Ohio’s 14

Ohio Mayors Alliance Outlines Adverse Impacts of Federal Tax Overhaul on Ohio Cities and Taxpayers

The Ohio Alliance of Mayors, in conjunction with the United States Conference of Mayors, held a press conference Friday, November 17 in Columbus, OH to oppose the repeal of State and local tax deductibility (SALT) in the House and Senate tax reform bills. Speaking to Ohio reporters, the bi-partisan group of mayors were led by

Council on Metro Economies and the New American City Meets During 85th Annual Meeting

The Council on Metro Economies and the New American City convened at the 85th Annual Conference of Mayors in Miami Beach June 23 to hear from leading experts in the fields of economic development and inclusion. Council on Metro Economies and the New American City Louisville Mayor Greg Fischer, chair of the Council,

DollarWise Awards The City of Lexington with a $10,000 Innovation Grant to Integrate Financial Education Into ESL Programming

On Thursday, May 25th, The U.S. Conference of Mayors’ DollarWise Campaign met with Mayor Jim Gray to award the City of Lexington a $10,000 2017 DollarWise Innovation Grant to support and expand financial education resources within the city's GLOBAL LEX program. Joining Mayor Gray was Lexington City Council Member Jennifer Scutchfield, Lexington City Council Member

Mayors See Infrastructure Investment As Key To Future As U.S. Metros Lead Nation’s Job Growth, But Many Still Lag Behind

Washington, D.C. -- While the nation’s metropolitan areas are economically strong with more than 300 metros experiencing job growth in 2016 and accounting for 95% of all the U.S. job gains last year, growth continues to remain uneven, with nearly one-third of metro cities (121) still not having recovered their lost jobs from the Great Recession,

USCM Awards D.C. Mayor Muriel Bowser DollarWise Innovation Grant

On Thursday, May 4th The DollarWise Campaign and the Bank of America Foundation joined Washington, D.C. Mayor Muriel Bowser for her annual "InnoMAYtion" event at Carnegie Library. The event highlighted the city's Aspire to Entrepreneurship program, which helps returning residents learn critical skills to start their own businesses after incarceration. The DollarWise Campaign awarded Washington,

Community Development Daily: Spotlight on Attleboro (MA) and Fort Wayne (IN)

The Conference of Mayors' is sharing success stories daily on what Community Development Block Grants support in our nation’s cities. Attleboro (MA) Various social service agencies in Attleboro depend on block grant funds to sustain existing services. Over $300,000 has been appropriated to support agencies in the past 5 years servicing over 3,000 low-income Attleboro

Community Development Daily: Spotlight on Santa Fe (NM) and St. Louis (MO)

As a part of National Community Development Week, the Conference of Mayors is sharing success stories daily on what Community Development Block Grants support in our nation’s cities.  Santa Fe, NM In 2009, the City of Santa Fe utilized CDBG funds to provide solar lights in three low/mod income Census tract parks:  Monica Lucero, Salvador

Community Development Daily: Spotlight on New York (NY) and Cincinnati (OH)

As a part of National Community Development Week, the Conference of Mayors is sharing success stories daily on what Community Development Block Grants support in our nation’s cities.  Here are two more CDBG Works examples from New York City and the City of Cincinnati, both showing how CDBG dollars are revitalizing neighborhood housing and businesses

Mayors Meet in St. Louis to Explore Innovation Districts

The United States Conference of Mayors sponsored a delegation of mayors in St. Louis last week, April 11-12, to explore key components in the development of technology innovation districts. Outgoing St. Louis Mayor Francis Slay and officials from the T-Rex incubator and Cortex innovation district hosted the mayors, who were led by Louisville Mayor Greg

U.S. Conference of Mayors/IHS Markit Release Inaugural Survey on Smart Cities

Washington, DC—At its 85th Winter Meeting today, the U.S. Conference of Mayors (USCM) released a new survey, jointly developed and conducted with IHS Markit, that shows cities of all sizes are developing and implementing “smart city” projects. A copy of the report and its key findings can be found here. Within the 54 cities responding