But cities have rarely thought about these issues for the specific purpose of addressing inequality and helping marginalized people. Urban development has historically focused on the structure of the local economy, business development, job creation and, increasingly, education and workforce preparedness. With just the second punch, a city might have great ideas but no meaningful execution.Īs more and more cities are flourishing, we face a central global challenge: How do cities realize their full potential without leaving anyone down for the count? With just the first punch, a city might have a gleaming downtown but lack sustainable policies for the long term. The other punch is understanding the reasons why: to boost incomes, improve education and expand opportunity, to name a few.

One punch is doing the commonsense things it takes to grow the economy and create jobs. But, as any boxer knows, to be a contender you need a good one-two punch. and Latin America regions for JPMorgan Chase & Co.Ĭities are increasingly punching above their weight as engines of global economic growth.

He serves as Chairman of the Southeast U.S. Mel Martinez is a former United States Senator from Florida and served as the 12th Secretary of Housing and Urban Development under President George W. He serves as Chairman of CityView and Chairman of the Executive Committee of Siebert, Brandford, Shank & Co., LLC. Henry Cisneros is a former Mayor of San Antonio, Texas, and served as the 10th Secretary of Housing and Urban Development under President Bill Clinton.

Best global trade cities