Can old towns and cities embrace the new innovation economies?

In both cities, even as people take pride in the past, some worry that it hasn’t equipped them to build new engines of regional prosperity and job creation. It’s a concern I see in cities in every mature economy that once lived in high-growth prosperity but no longer do. Like Dorothy in The Wizard of Oz, they yearn to get back to it, but think it might take something magical, the economic equivalent of ruby red slippers, to effect the change.

My take is that they already have the power within them. I’ll admit this is based on a quick impression.

via Will the Sun Shine Bright on Kentucky Innovation? – BusinessWeek.

Page 2 of the linked article has fantastic ideas:

  • Connect
  • Inspire
  • Transform

Making this happen requires leadership that “gets it”.

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