FW: [Indicators] Urban Markets Initiative launched
- -----Original Message-----
From: Arun Barman [mailto:ABARMAN@...]
Sent: Monday, July 26, 2004 11:02 AM
Subject: [Indicators] Urban Markets Initiative launched
The Urban Markets Initiative (UMI), housed in the Brookings
Institution's Metropolitan Policy Program and funded by Living Cities,
aims to promote the wider availability of more robust, reliable, and
usable information to overcome market imperfections and unleash the
hidden human, economic, and physical assets of inner-city neighborhoods.
The UMI website is now live at http://www.brookings.edu/metro/umi.htm.
There, you can download our inaugural publication, "Using Information to
Drive Change: New Ways of Moving Markets." The 20-page framing paper
describes the urban information gap and its impact on investment
decisions, and suggests actions in three major areas to address the gap.
Also featured online are details of five pilot projects recently funded
by UMI to develop innovative ways to use information to improve the
efficiency of urban markets and expand market participation in inner
These pilot projects, selected from an initial pool of 44 proposals,
will work to develop new technologies and practices to streamline data
manipulation and sharing by local governments; display in real-time
housing and crime data to slow or reverse neighborhood decline; help
track and better manage change in urban real estate markets; create a
new transportation affordability index to take account of proximity to
transit; and help build the credit ratings of urban consumers. The pilot
projects will affect markets in Baltimore, Boston, Indianapolis,
Memphis, Milwaukee, Minneapolis, Providence, and Washington, D.C.
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