Writing for the MIT Sloan School of Management website, Dylan Walsh discusses the findings of various studies on the concentration of innovation across various US cities.
The issue at hand:
“The most technologically productive places in the country also have some of the highest labor and real estate costs. Startups deciding where to locate as well as established companies opening new offices must actively weigh the benefits of productivity in a given location against the costs of doing business there.”
Importantly, the findings of such studies “hold particular relevance as the federal government redefines its role as an investor in innovation.”
The article makes the interesting suggestion that “building lots of mid-sized hubs for innovation would not only be good economics — there are lots of positive effects and social gains that flow from knowledge creation — but also good politics.”
Read the full article here.
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