The Council on Metro Economies and the New American City is the economic research arm of the United States Conference of Mayors. Since its inception in 2001, The Council has published over 70 U.S. Metro Economies Reports, and continues to develop models of investment for cities, while identifying trends that will shape the cities of the future.

Daniel Kowalski, Counselor to the Secretary of the Department of Treasury, provides an update on Opportunity Zones

Council Session Highlights from the 87th Winter Meeting

The Council on Metro Economies and the New American City met at the 87th U.S. ​Conference of Mayors Winter Meeting​, on January 23rd, to hear from leading experts in the fields of economic development and inclusion. Below is a description of the session with links to speaker presentations.

U.S. Metro Economies Update

Jim Diffley, of IHS Markit, summarized his economic growth and jobs forecast for 2019:

Opportunity Zones Update

Ja’Ron Smith, with the White House Office of Legislative Affairs, joined Daniel Kowalski, Counselor to the Secretary of the U.S. Department of Treasury, to discuss new Opportunity Zone regulations – scheduled to be released in February of 2019. Louisville Mayor and Council Chair Greg Fischer, Detroit Mayor and Council Vice Chair Mike Duggan, Stockton Mayor Michael Tubbs, Rick Jacobs and Bruce Katz, with Accelerator for America, also joined the conversation to provide updates on Opportunity Zone projects.

Status of Opportunity Fund Development

Kimberlee Cornett, who serves as Managing Director of the Kresge Foundation’s Social Investment practice, and John Lettieri, who serves as President and CEO of the Economic Innovation Group (EIG) provided an overview on Opportunity Fund Development.

New Ideas to Promote Economic Mobility

Derrick Perkins, Senior Vice President at Bank of America, provided an update on the U.S. Conference of Mayors DollarWise Campaign, and its efforts to promote economic mobility and help underserved communities build wealth. Joanna Smith-Ramani, Managing Director at the Aspen Institute, also discussed her efforts surrounding financial inclusion and consumer debt.

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