Place
View of El Paso, TX. The Nowak Lab, with the Aspen Institute Latinos and Society Program, is leveraging the procurement economy to empower small businesses, strengthen local supply chains, and foster equitable economic growth in communities like El Paso, San Antonio, and beyond. | 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 Projects
Opportunity Zones, introduced by the 2017 Tax Cuts and Jobs Act, are designed to attract private investment to distressed communities. In six years, Opportunity Zones have sparked $100 billion in investment, particularly in housing development. Alabama's Opportunity Alabama (OPAL) has emerged as a successful model, mobilizing local and national investments, with a focus on building a sustainable capital access ecosystem.
England's experiment with metro mayors aims to decentralize power from the highly centralized government, allowing local leaders to better address regional challenges. However, true devolution requires three key steps: granting fiscal autonomy to mayors, involving them in industrial policy design, and empowering them to compete globally. This would enable cities to drive local growth and reduce the gap between London and other regions, marking a true shift in governance.
Pittsburgh is well-positioned to lead in "physical AI," leveraging its strong robotics and AI ecosystem, academic institutions like Carnegie Mellon, and innovation initiatives. Challenges like limited venture capital persist, but the city’s resources could drive advancements in defense, healthcare, and infrastructure.
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