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ICIC Convenes National Leaders To Focus on Strengthening Urban Economies.



New policies to stimulate the struggling U.S. economy must include America's inner cities. Urban recovery could serve as a national model; neglect could be devastating dev·as·tate  
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.

2. To overwhelm; confound; stun: was devastated by the rude remark.
.

MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- At a time when economic uncertainty is spreading across the country, a broad coalition of corporate, civic, policy, and academic leaders from around the U.S. will gather today in Miami at the ICIC's sixth annual Inner City Economic Forum (ICEF ICEF International Court of the Environment Foundation
ICEF Inner City Economic Forum
ICEF International College of Economics and Finance (Higher School of Economics, Moscow, Russia) 
) Summit determined to ensure that America's long-neglected inner cities are not left out of future stimulus plans. Now in its sixth year, ICEF is a nationally recognized for its success in formulating and implementing an action agenda for market-led inner city revitalization.

With a change in leadership due in Washington and at a time of economic and financial distress Financial distress

Events preceding and including bankruptcy, such as violation of loan contracts.
 for the entire nation, the future of America's inner cities is at a crossroad. In a robust economy inner cities have had success drawing attention to their case for inclusion. But when hardships are widespread, analysts say, there is a danger that low-income urban neighborhoods will fall back into obscurity.

"The current economic crisis poses dangers for inner city economies, but it also presents an opportunity for policymakers," said Michael Porter This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the Initiative for a Competitive Inner City, co-sponsor of the forum. "The conditions are in place for inner cities to serve as models for national economic recovery. Targeted initiatives for infrastructure repair and business stimulation could produce immediate and tangible results. Ignoring inner cities, on the other hand, would create a drag on Verb 1. drag on - last unnecessarily long
drag out

last, endure - persist for a specified period of time; "The bad weather lasted for three days"

2.
 the economy that would have broad implications," said Porter, who is also a professor at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. .

The ICEF meeting in Miami presents a timely opportunity for policymakers, and business and civic leaders to ensure that inner city economic development and revitalization is positioned at the forefront of the federal agenda over the next decade. This year's ICEF Summit, co-sponsored by ICIC ICIC Initiative for a Competitive Inner City
ICIC International Cancer Information Center
ICIC I See, I See
ICIC International Council for Internet Communications
ICIC Interexchange Carrier Industry Committee
ICIC Intercalibrations-Intercomparisons
 and the Brookings Institution's Metropolitan Policy Program, will focus on "Putting the Inner City First." The collaboration between ICIC and Brookings brings inner cities into sharper focus as economic entities, while at the same time a part of broader metropolitan areas. Policies and economic initiatives must be developed with recognition of their unique characteristics.

Miami Mayor Manny Diaz This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , a respected voice for inner city revitalization, is representing the host city at the ICEF Forum. Bruce Katz, vice president and director of Brooking's Metropolitan Policy Program, who brings a policy expertise unmatched in the field, also will be in attendance. "We must work together and face the problems of inner cities head on," Porter added. "Inaction and indifference are not intelligent options."

"Inner cities play a significant but underleveraged role in broader metropolitan economies. Building on the real assets Real assets

Identifiable assets, such as land and buildings, equipment, patents, and trademarks, as distinguished from a financial investment.
 of these places is a competitively wise and fiscally smart strategy for the federal government to pursue. And the energy and environmental returns associated with reinvestment provide a pressing rationale for refocusing federal investments," says Katz.

The ICEF Summit was founded by the Initiative for a Competitive Inner City (ICIC), a national, non-partisan, not-for-profit organization founded in 1994 by Harvard Business School Professor Michael E. Porter. Professor Porter, a renowned expert in international business competitiveness, shifted his focus to the study of the competitiveness of inner cities as business locations. The ICEF Summit is the country's only national leadership network focused on business-led inner city economic development. Founded in 2003, the ICEF is an ambitious effort to provide direction for and infuse in·fuse
v.
1. To steep or soak without boiling in order to extract soluble elements or active principles.

2. To introduce a solution into the body through a vein for therapeutic purposes.
 energy into a national movement around the revitalization of America's inner cities. It has emerged as a powerful mechanism for generating innovative ideas on inner city economic development and transforming ideas into action.

Summit 2008 will be a unique and timely event that examines the current critical transition point of economic and political change in America. Professor Porter will deliver a presentation on "Putting the Inner City First: Making the Case for an Inner City Economic Policy." In addition, both the McCain and Obama Presidential Campaigns will be represented by urban policy experts who will explain and debate their candidates' views. Other sessions will focus on the role federal policy can play in a sustainable, business-led revitalization of America's inner cities, particularly in critical areas such as infrastructure, workforce training, and capital and investment flows.

During the event, participants will collaborate with leading policy experts and urban practitioners to discuss and define concrete recommendations for business development and job creation in inner city economies. As a result of these Summit discussions, ICIC and Brookings will collaborate to develop policy recommendations for an inner cities agenda based on conference discussions.

In addition to Professor Porter and the Brookings Institution's Bruce Katz, 2008 Summit speakers include former HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God.  Secretary Henry Cisneros; Kevin Kelly, Assistant Commissioner, New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Department of Small Business Services; and Stefan Pryor, Deputy Mayor of Newark, NJ. For more information about the 2008 Summit, visit www.icic.org.
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Publication:Business Wire
Date:Sep 25, 2008
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