After a rigorous and competitive application process, the Greater Phoenix region was selected as one of eight markets in the U.S. to take part in the Global Cities Initiative, a joint project of Brookings Institution and JP Morgan Chase. According to Brookings, Greater Phoenix exhibited the readiness, capability and commitment to participate in the Initiative.
The project entails designing and implementing strategies to grow the region’s economy by expanding global trade and investment. Greater Phoenix was selected – and is an ideal location for the project – because of its proximity to Mexico and its outstanding trade relationships.
Phoenix was also selected to host a Global Cities Initiative forum in 2014 – it’s the only metro in the Initiative hosting a forum next year. The forum brings together business leaders and experts from all over the country to discuss the global economy and how each region could benefit. Last year’s program was in São Paulo, Brazil.
Leading the Initiative for the Greater Phoenix region is Phoenix Mayor Greg Stanton with a team of outstanding business and civic leaders, including Joe Stewart, market manager – AZ & NV Middle Market, Chase; Dennis Hoffman, professor and director, L. William Seidman Research Institute at the W. P. Carey School of Business at Arizona State University; and Barry Broome, president and CEO Greater Phoenix Economic Council.