Fitzgerald Participates in 2012 Cleveland Fed Policy Summit

Focus on Effective Strategies to Strengthen and Rebuild Communities

PITTSBURGH – Allegheny County Executive Rich Fitzgerald participated this morning in the 10th Annual Federal Reserve Bank of Cleveland Policy Summit on Housing, Human Capital and Inequality.  He, along with Mayor Frank Jackson of Cleveland and Vice Mayor Roxanne Qualls of Cincinnati, participated in a breakfast panel on challenges presented by dwindling tax bases and scarcer federal and state dollars.  The panel was moderated by former Pittsburgh Mayor Tom Murphy, a Senior Resident Fellow at the Urban Land Institute.

“It’s exciting to participate in discussions such as this one that allow us to collaborate and discuss rebuilding strategies that work,” said Fitzgerald.  “Allegheny County is setting the pace for post-recession jobs, ranks high on the job creation index, and is one of the best markets to find a job in the country right now.  With our diverse economy, we’re taking full advantage of those opportunities right now.”

The 2012 Cleveland Fed Policy Summit is focusing on effective strategies, measuring the impact of programs and providing guidance on where community leaders should direct scarce funds to gain the greatest effect.  The two-day event also includes discussion on the latest research and promising practices in economic policy and development in low- and moderate-income communities.

Following the Regional Leaders Breakfast Panel that the County Executive participated in, the audience engaged in a discussion about their experiences in making tough budget calls, using data to help them make decisions and how research is used to evaluate programs and policies.

“Allegheny County was recognized for the great work that we’re doing,” added Fitzgerald. “To be doing so at an even with the Federal Reserve Bank of Cleveland, which includes Western Pennsylvania, Ohio and West Virginia, is very complimentary. The panel was a positive one.  The audience wanted to know how we’re so successful – how we have lower foreclosure rates, continue to draw jobs and revitalize our community in the face of recession.”

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