Theme: Rise of the Talent Economy.
Subject Article: "Corporate Entrepreneurs Are at the Heart of Downtown Revitalizations."
Other Links: 1. "Dubuque?"
2. "Learning from Dubuque, Iowa."
Postscript: When the cost of labor starts driving firm location decisions, the economy is dying. The Innovation Economy is dying (i.e. converging):
But while this geographic battle for supremacy is compelling, its effect is actually to make location less, not more, important. For instance, thanks largely to the internet itself almost everyone has access to the same information; for most people, the days of having to be close to a data centre are long gone; and investors such as us are looking globally for promising companies we can help.
While every location has its opportunities and disadvantages – it is easier to find top computer scientists in San Francisco, for instance, but easier to hold on to them in Helsinki – where you start out is no longer a helpful predictor of your chances of success. Today, the simple truth is that great companies can come from anywhere.
Like manufacturing before it, the world of innovation is getting flatter.