Cities Left Behind in Hi-Tech Innovation (The Creative Life)
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Closing economic gap in Hi-Tech sector. The host for this episode is Phyllis Blees. The guest for this episode is Rob Atkinson.
It has become clear that while the future of America’s economy lies in its high-tech innovation sector, that same sector has widened the nation’s regional economic divides.
This sector fuels a growing gap between the nation’s dynamic “superstar” metropolitan areas and most everywhere else. Most notably, just 5 top innovation metro areas—Boston, San Francisco, San Jose, Seattle, and San Diego—accounted for more than 90% of the nation’s innovation-sector growth 2005 to 2017, increasing their share of the nation’s total innovation employment from 17.6% to 22.8%. In contrast, the bottom 90% of metro areas (343 of them) lost their share.
The nation needs a major push to counter these dynamics. Our guest—president of the Information Technology and Innovation Foundation, a public policy think tank based in Washington, D.C. promoting policies in innovation economics, described how to close the divide through creative self-sustaining growth centers.
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