Inclusive Recovery in US Cities
nat rosasco • April 21, 2020
The Mastercard Center for Inclusive Growth and Public Private Strategies hosted a webinar discussion on how city government, community leaders, philanthropy and local companies can protect vulnerable populations during the COVID-19 pandemic. This is an unprecedented global health and societal emergency affecting every corner of the U.S. While metropolitan areas have initially become hotspots for the virus, many American cities will be amongst the hardest hit places from a coronavirus recession.
The conversation was rich. Here’s what we heard:
- The magnitude of this crisis is unparalleled and there are few relevant historical comparisons.
- The people and places that were economically fragile before the crisis have been the ones who have been hardest hit.
- Although this crisis is broader, deeper and likely to be more prolonged than recent financial or public health crises, there are lessons from the past that point to imperatives and opportunities from this crisis.
- Cities have a critical role to play given trust and close connection to people and neighborhoods. But cities can’t act alone -- there needs to be coordinated state and Federal action.
- The need for cross-sector collaboration has never been greater. This provides an opportunity for companies to do well and good in tandem with government, and community actors.
Featured speakers included:
- Miguel Gamiño, Executive Vice President, Enterprise Partnerships and Head of Global Cities and City Possible at Mastercard
- Marla Blow, Senior Vice President for North America at the Mastercard Center for Inclusive Growth
- Bruce Katz, Founding Director of the Nowak Metro Finance Lab at Drexel University and Partner at Accelerator for America
- John W. Lettieri, President and CEO of the Economic Innovation Group
- Erika Poething, Vice President & Chief Innovation Officer at The Urban Institute
Each of the speakers referenced reports, thought-pieces and other resources. We have included some of those links below:
Accelerator for America: COVID-19 Relief Toolkit
An #LALOVE Story
EIG Blog: The Paycheck Protection Program Needs Fundamental Improvements, Not Just More Funding
EIG Blog: How Congress Can Fix the Paycheck Protection Program
Measuring Inclusion in America’s Cities
Public Private Strategies: COVID-19 Employer Resources
Setting Up a Local Small Business Emergency Relief Fund: Lessons from Three First Movers
Urban Institute Report: Inclusive Recovery in US Cities
Please watch the recording of the webinar in full via the link below.
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