Developed by the Federal Reserve Bank of Chicago, the PCIT is an interactive map  created to enable municipal leaders and their partners concerned with community and economic development issues to identify groups of cities experiencing similar trends, challenges, and opportunities along economic, demographic, social, and housing dimensions.

Using data on 300 cities from the 2010-2014 American Community Survey, as well as longitudinal historical census data, the PCIT performs a cluster analysis to identify similar cities. The 300 cities located nationwide have a common baseline: a population of at least 50,000 in 1960. Today, the 300 cities have a median population of just over 100,000.

The PCIT, developed by the Community Development and Policy Studies division (CDPS) of the Federal Reserve Bank of Chicago, is a data comparison and visualization instrument that can help policymakers and practitioners understand a municipality in the context of peer cities. The tool stems from the Industrial Cities Initiative (ICI), a study that originally profiled ten mid-western cities with manufacturing legacies, at least 50,000 population, and at least 25 percent employed in manufacturing in 1960, and how they have fared in socioeconomic terms over time.