Thursday, November 5, 2015
8:00 am - 9:00 am: Networking Breakfast
9:00 am - 12:00 pm: Program
555 Pennsylvania Avenue, NW
Washington, D.C. 20001
To spur greater job creation and growth, dozens of U.S. and international city-regions are pursuing creative strategies to strengthen their global economic connections and competitiveness.
From London to Los Angeles, regional coalitions of business and government leaders recognized the need to focus on international markets – newly collaborating to build their traded industry sectors, increase exports, and attract more foreign investment.
For Greater Washington, working together on global opportunities could help address long-standing economic challenges: decreasing reliance on federal government spending, generating higher-wage jobs, and reducing cross-border competition. Recent assessments show untapped potential for the region to leverage its unique international identity and assets for economic growth.
This event will feature the release of a new Brookings profile on Greater Washington’s global economic assets, competitive position, and implications; lessons from U.S. and international regions on their innovative practices and outcomes; and discussions with private and public sector leaders from D.C., Virginia, and Maryland about potential for a joint global economic agenda.
About the Global Cities Initiative
A Joint Project of Brookings and JPMorgan Chase
The Global Cities Initiative equips city and metropolitan area leaders with the practical knowledge, policy ideas, and connections they need to become more globally connected and competitive.
Combining Brookings’ deep expertise in fact-based, metropolitan-focused research and JPMorgan Chase’s market expertise and longstanding commitment to investing in cities, this initiative:
- Helps city and metropolitan leaders better leverage their global assets by unveiling their economic starting points on key indicators such as advanced manufacturing, exports, foreign direct investment, freight flow, and immigration.
- Provides metropolitan area leaders with proven, actionable ideas for how to expand the global reach of their economies, building on best practices and policy innovations from across the nation and around the world.
- Creates a network of U.S. and international cities interested in partnering together to advance global trade and commerce.
The Global Cities Initiative is chaired by Richard M. Daley, former mayor of Chicago and senior advisor to JPMorgan Chase. It is co-directed by Bruce Katz, Brookings vice president and co-director of the Brookings Metropolitan Policy Program, and Amy Liu, senior fellow and co-director of the Brookings Metropolitan Policy Program.
Launched in 2012, the Global Cities Initiative will catalyze a shift in economic development priorities and practices resulting in more globally connected metropolitan areas and more sustainable economic growth.
Core activities include:
Independent Research: Through research, the Global Cities Initiative will make the case that cities and metropolitan areas are the centers of global trade and commerce. Brookings will provide each of the largest 100 U.S. metropolitan areas with baseline data on its current global economic position so that metropolitan leaders can develop and implement more targeted strategies for global engagement and economic development.
Catalytic Convenings: Each year, the Global Cities Initiative will convene business, civic and government leaders in select U.S. metropolitan areas to help them understand the position of their metropolitan economies in the changing global marketplace and identify opportunities for strengthening competitiveness and expanding trade and investment. In addition, GCI will bring together metropolitan area leaders from the U.S. and around the world in at least one international city to explore best practices and policy innovations for strengthening global engagement, and facilitate trade relationships.
Global Engagement Strategies: In order to convert knowledge into concrete action, Brookings and JPMorgan Chase launched the Global Cities Exchange in 2013. Through a competitive application process, economic development practitioners in both U.S. and international cities are selected to receive hands-on guidance on the development and implementation of actionable strategies to enhance global trade and commerce and strengthen regional economies.
The Brookings Institution is a private non-profit organization. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. Support for the Global Cities Initiative was generously provided by JPMorgan Chase. Brookings recognizes that the value it provides is in its absolute commitment to quality, independence and impact, and makes all final determinations of the scholarly activities in the Global Cities Initiative, including the research agenda and products.
The agenda is subject
555 Pennsylvania Ave, NW
Washington, D.C. 20001