A new study makes the development of innovation districts sound like a win-win for all parties involved. But a look at some existing districts, like Boston’s Cambridge or Brooklyn’s Dumbo, makes it clear that there are downsides too.
Talented people are starting to move to places where the cost of living is more reasonable, but a town can't just be cheap and wonderful. It also has to be connected.
Silicon Shore. Silicon Beach. Silicon Roundabout. How many different technology hubs can we have? Like the untethering of manufacturing from regional natural resources that crushed the Rust Belt, Silicon Valley's one-time advantage of a high concentration of venture capitalists matters less and less as the cost of technology falls.
Silicon Valley and Chesapeake Energy face the same problem: the cost of extraction. The technology industry needs to get smarter about workforce development, and fast.