Nowak Lab Newsletters
Linked below are Nowak Metro Finance Lab newsletters, shared biweekly by Bruce Katz.
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This newsletter has a longstanding affinity for metropolitan and regional thinking and action. As laid out in The Metropolitan Revolution (the 2013 book co-authored with Jennifer Bradley), metropolitan areas and their broader regions have emerged as the driving units of the global economy and the appropriate geography for solving cross-jurisdictional challenges like climate, economic competitiveness, housing, transportation, and workforce. The book extolled efforts in places as disparate as Cleveland, Denver, and Houston to bring governance into alignment with the reality that economic, environmental, and social challenges, alone and together, do not respect artificial, administrative boundaries. For these challenges, the geography of “real world” solutions are metropolitan in scale, even if general purpose local governments and specialized public authorities are bounded and fragmented. Read more...
Since the start of the COVID-19 pandemic, small business has served as the focal point of relief efforts, from the earliest local relief funds and the Paycheck Protection Program, to a total of $1 trillion in relief disbursed by the Small Business Administration. These funds, though enormous in volume, exposed the deficiencies of our existing capital systems when it comes to serving small and marginalized entrepreneurs and enterprises. Read more...
The litany of disruptive effects is long and daunting. In the US alone, the pandemic disrupted global supply chains, accelerated remote work, devastated downtowns and amplified all forms of digital communication and commerce. Russia’s horrific campaign against Ukraine triggered volatility in energy and commodities markets, reinforced deglobalizing dynamics and intensified re-militarization given the struggle between autocracies and democracies. Read more...
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