Council on Metro Economies and the New American City2019-06-07T13:12:41-05:00

The Council on Metro Economies and the New American City is the economic research arm of the U.S. 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.

The Council is Chaired by Louisville Mayor Greg Fischer.

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

Council Session Highlights – 87th U.S. Conference of Mayors Winter Meeting in Washington, DC:

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

IHS Markit

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.

Our Council Sponsors:

  • The Aspen Institute

  • Bank of America

  • Interise

  • The Kresge Foundation

  • Launch Pad

  • National Association of Home Builders

June 2018: Economic Growth and Full Employment


June 2018: Bridging the Wealth Gap


June 2018: Technology and the Future Labor Market


June 2018: Smart Cities Survey


September 2017: GMP and Employment: 2016


June 2016: GMP and Employment Report: 2015-2017

Key Findings
Press Release

January 2016: 2015 Metro Job and Gross Metro Product: 2016 Forecast


June 2015: Gross Metropolitan Product and Employment for 2014-16

Key Findings
Press Release

January 2015: Cities of the 21st Century: A Survey of Public Opinion

Key Findings
Press Release

August 2014: Income and Wage Gaps Across the US

Key Findings
Press Release

June 2014

Key Findings
Individual Metro Area Breakdowns
Press Release

January 2014

Key Findings
Press Release

November 2013

Key Findings
Press Release

June 2013
Press Release
Key Findings
Chart: Job Recovery by Metro Compared to Pre-Recession Peak Employment

January 2013
Jobs in the Chemical Sector by Metro Area

July 2012
Outlook – Gross Metropolitan Product, and Critical Role of Transportation Infrastructure
Press Release | Full Report | Key Findings

January, 2012
2012 Employment Forecast and the Impact of Export

June, 2011

Pace of Economic Recovery: GMP and Economic Forecasts
Full Report | Key Findings | Charts and Tables

January, 2010

Pace of Economic Recovery: GMP and Jobs
View the Report

June, 2009

Metropolitan Areas Shortchanged in Stimulus Infrastructure Spending
Press Release | Full Report | Presentation

January, 2009
The Engines of Economic Recovery
PDF Report | Key Findings | Press Release (English) | Press Release (Spanish)

June, 2008
U.S. Mayors Economic Report Reveals Sluggish Economic and Job Growth in 2008-09
Press Release: English | Espanol
Download: Key Findings | GMP Report | Full Report

November 2007
Press Release
Report | Key Findings

June 2007
Report | Key Findings

January, 2007
Metro Economies: U.S. Cities and Metropolitan Areas Dominate Economic Growth
Press Release
GMP Report: Full Report | Key Findings | Charts
Energy Report: Full Report | Key Findings

October, 2006
Metro Economies Report Shows Energy Costs Strain American Households
Press Release | Full Report | Key Findings
May, 2006
Wage Gains in the U.S. and its Metro Area Economies:
Press Release | Report | Key Findings | Appendix

January, 2006

January, 2005
Update on Job Creation and Metro Economies

October, 2004

September, 2004

August, 2004

June, 2004

February, 2004
Employment Update for the State of Michigan: Types of Jobs Lost and Gained (2001-2006)

November, 2003
Metro Economies Report: Economy Surges, But With Lower Paying Jobs

July, 2003

July, 2003

June, 2003
The Role of Metro Areas in the U.S. Economy: Employment Outlook

January, 2003
The Role of Metro Areas in the U.S. Economy: Employment Outlook
October, 2002
U.S. Metro Economies: Travel and Tourism Fuels the Nation’s Economy
June, 2002
U.S. Metro Economies: The Engines of America’s Growth (5th Annual Report)
July, 2001
U.S. Metro Economies: The Engines of America’s Growth – A Decade of Prosperity
June, 2000
Metro Economies: Leading America’s New Economy
May, 2000
Metro Economies: The Engines of America’s Growth
November, 1999
U.S. Metro Economies: The Engines of America’s Growth