![](https://www.brookings.edu/wp-content/uploads/2016/06/trade004_16x9.jpg?quality=75&w=372)
![](https://www.brookings.edu/wp-content/uploads/2016/06/trade004_16x9.jpg?quality=75&w=372)
The Brookings-Rockefeller Project on State and Metropolitan Innovation (PSMI) was a five-year research, practice, and communications effort launched in 2011 to shift the focus on economic development from consumption-based economic growth strategies to asset-based development efforts centered on long-term investments in human capital, innovation, trade, and other drivers of a globally competitive economy