A recent Brookings/ITIF report announced recently that nine out of 10 tech jobs were created from 2005 to 2017 in just five U.S. markets: Boston, Seattle, San Diego, San Francisco and Silicon Valley.
Nine out of ten. Roughly half of the remaining 382 markets lost jobs in the same industries; others gained but not as substantially as the top five. So, what next? The authors propose—and we wholeheartedly agree—that the federal government invest in the top eight or ten most-promising-for-innovation markets in the middle U.S., providing the necessary jumpstart cities need to successfully seed growth. Not a crazy idea if you understand that some of our country’s earliest research parks were heavily funded with federal dollars (i.e., Raleigh-Durham, Boston, etc.)