Monday, October 24, 2011

$10 Million for Global Cities Initiative

JPMorgan Chase has announced a $10 million grant to underwrite a joint project with the Brookings Institution that aims to help civic and business leaders identify and leverage their city's greatest economic development resources.
The Global Cities Initiative aims to provide leaders from the one hundred largest metropolitan areas in the United States with information, policy ideas, and the strategic partners necessary to build economic relationships with their international peers and operate in today's global environment. In an effort to drive discussion, consensus, and action, the initiative will host three regional conferences in the U.S. and one international conference each year for the next five years.

As part of the effort, Brookings will conduct research and analysis into metropolitan economies, and what they find will serve as a platform for a series of joint forums, which will help promote the exchange of ideas and best practices for delivering jobs and development in both U.S. cities and those abroad. The research is expected to provide U.S. metropolitan leaders with tangible ideas for how to expand their competitive position globally and domestically, building on policy and practice innovations from across the nation and around the world.
"Our nation's cities hold incredible, untapped potential for economic growth and job creation," said JPMorgan Chase chairman and CEO Jamie Dimon. "We need to put capital and knowledge to work in partnership with local governments and businesses so that cities can invest in the kind of 21st century infrastructure and export capabilities they need to compete and win in today's global economy."
“JPMorgan Chase & The Brookings Institution Announce Innovative Global Cities Initiative.” JPMorgan Chase Press Release 10/20/11.
Primary Subject: Public Affairs
Location(s): International, National

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