Place
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Shops and small-business buildings in the Over-the-Rhine neighborhood of Cincinnati, OH | Photo by Carol M. Highsmith
Disruptive macro forces are reshaping the global economy, ushering in a New Economic Order. The Nowak Lab helps cities and metropolitan regions navigate these changes by leveraging their distinct competitive assets to foster innovative, inclusive, and resilient growth. Through research on topics such as the industrial geography, innovation districts, and the clean energy transition, the Lab bridges the gap between “macro” trends and “metro” opportunities. Recognizing that the impacts of these forces vary widely across the U.S., the Lab provides actionable economic analyses to help local leaders assess their position within this evolving landscape and harness their region’s potential to maximize local impact.
Recent Publications
The Trump Administration’s policy shifts have created financial uncertainty for cities and states. NYC’s Comptroller analyzed the city’s reliance on federal funds, highlighting risks to entitlement programs, public services, and infrastructure. This model can help other municipalities assess their fiscal exposure. With federal cuts now a reality, local governments must prepare for the impact.
In light of recent federal disruptions, cities and metropolitan areas must unite and take charge to protect their economies and residents. Local leaders need to organize quickly, collaborate across sectors, and adapt to the challenges ahead. This new localism requires agility and coordination to defend against federal changes, leverage opportunities, and ensure long-term prosperity. The time to act is now.
Opportunity Zones have attracted over $100 billion in investments, addressing local issues like housing shortages. Moving forward, a "2.0" version is proposed to adapt to market changes like the real estate crisis and industrial growth. Effective local leadership and targeted investments are key to ensuring these zones create lasting, sustainable economic impact.
View all of our Place publications