Bruce Katz, Vice President and Director of The Brookings Institution’s Metropolitan Policy Program, outlines how cities can harness demographic, cultural and economic changes to successfully transform themselves into viable places to live and work.
In a presentation delivered to the Federal Reserve Bank of Philadelphia on April 5, 2006, Bruce Katz discusses the profound demographic, economic, social, and cultural forces reshaping the nation, how these broad forces give cities the best chance to compete in decades, and how cities are increasingly making Transformative Investments to realize their full potential.
According to Mr. Katz, Transformative Investments are multi-dimensional efforts that remake the urban physical landscape to stimulate economic growth, improve fiscal vitality, and advance social equity.
The challenge facing cities is how to make Transformative Investments the norm rather than the exception.
Thanks to Ashwani Vasishth
FULL STORY: Transformative Investments: Unleashing the Potential of American Cities
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