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August 24, 2021

World Economic Forum to Establish Global Centre for Urban Transformation in Detroit

World Economic Forum, Detroit

Photo: Detroit. Image credit: Sebastian Kruk.

World Economic Forum

Photo: Impressions from the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, January 20. Image provided by & copyright © World Economic Forum / Valeriano Di Domenico. [File Photo]

World Economic Forum

Photo: Impressions from the World Economic Forum Annual Meeting 2020 in Davos-Klosters, Switzerland, January 19. Image provided by & copyright © World Economic Forum/Sikarin Fon Thanachaiary. [File Photo]

Detroit, August 23, 2021 - The World Economic Forum has announced plans to establish a new global Centre for Urban Transformation headquartered in Detroit. The Centre seeks to increase public-private collaboration in cities and advance more inclusive and sustainable models for urban development.

“Around the globe, cities are facing unprecedented challenges from COVID-19 to climate change, exposing deep systemic inequities,” said Jeff Merritt, Head of Urban Transformation, World Economic Forum. “As we chart a course towards a more sustainable and equitable future, the government cannot carry this burden alone; increased public-private cooperation is essential. Detroit is uniquely positioned to serve as the epicenter for this work - a hub for urban transformation and innovation that the world can look to for guidance and inspiration.”

The World Economic Forum will leverage its global network of leading companies, governments, civil society organizations, and academic institutions to support cities as they seek to rebuild their economies and forge more resilient communities. It includes mobilizing the global business community to commit expertise and resources supporting local communities, advancing models for inclusive urban development, and exploring new approaches to expand urban services and economic opportunities in low-income and traditionally marginalized communities.

The Centre will launch in October with a series of events and announcements, showcasing innovative models of urban transformation from around the globe. Bedrock, Detroit’s largest real estate company, will host the Centre’s work in Detroit, providing a testbed to rethink and redefine the benefits and possibilities of urban living. World Economic Forum’s offices in Beijing, Geneva, Mumbai, New York, San Francisco, and Tokyo will do the additional work.

“Bedrock is excited to bring the World Economic Forum and its global platform to Detroit,” said Kofi Bonner, Chief Executive Officer, Bedrock. “This partnership provides an opportunity to showcase Detroit’s extraordinary growth and positions Michigan’s largest city and international border as a global hub for best-in-class thinking on developing a next-generation, inclusive urban economy.”

• What leaders are saying about the Centre for Urban Transformation

Source: World Economic Forum

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Edited & Posted by the Editor | 4:32 AM | Link to this Post

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