by Julie Huls | Mar 8, 2020 | Placemaking,Economic Development,Middle America,tech innovation,Rise of the Rest,Urbanism | 0 comments
The December white paper issued by Information Technology and Innovation Foundation & The Brookings Institution has, thankfully, been getting a lot of national attention and represents the next chapter in our country's economic history.
The bad news? 90% of innovation employment growth in the last 15 years was generated in just five major coastal cities: Seattle, Boston, San Francisco, San Diego, and San Jose. This concentration is not only risky for the country, it completely discounts the invention and technical talent in the middle part of the country. Progressive companies (Google, Microsoft, etc.) are catching on and expanding offices in urban markets in the middle U.S. as industry and government slowly come to realize that they'll be left behind without an aggressive innovation economic development strategy. Those that move quickly and rally the leadership and resources required to be competitive in the tech talent arena will be rewarded exponentially. Just ask St. Louis, Nashville, Austin, Madison, Charleston, Phoenix, Las Vegas...