In 2006, New York City Mayor Michael Bloomberg created a Commission for Economic Opportunity to analyze the causes, scope, and consequences of poverty in New York City. In response to the Commission's report, the Mayor established a Center for Economic Opportunity (CEO) to test and implement an ambitious set of initiatives to address poverty, combined with rigorous evaluation. The wide range of initiatives particularly target the needs of young adults, the working poor and children.
On April 21, 2009, the Center for Economic Opportunity released its 2nd Annual Report, describing progress to date, highlighting the initiatives that are and are not working, and describing its future plans. Mayor Bloomberg discussed the lessons and insights from New York City's initiatives, as well as New York City's proposal for a Federal Urban Innovation Fund to fight poverty. After he spoke, a panel explored the New York City experience in greater detail, and discuss its relevance for addressing urban poverty and federal poverty policy in the Obama Administration.