For more than a decade, one of the hottest trends in economic development has been pursuing biotechnology. Cities and states around the nation have made considerable investments in biotech research, ranging from California’s voter-approved $3 billion research program, to smaller efforts in cities around the country, including Indianapolis, St. Louis, and Phoenix. One of the […]
Florida’s Biotech Bet Read More »
The growing appreciation of the importance of cities, especially by leaders in business and science, is much appreciated and long overdue. Many have embraced the Smart City banner. But it seems each observer defines “city” in the image of their own profession. CEOs of IT firms say that cities are “a system of systems” and
What does it mean to be a “Smart City?” Read More »
Over the past few weeks, there’s been a fair amount of media furor over the slowdown in container traffic handling on the West Coast as dockworkers and shipping companies negotiated the new terms of a labor deal. You no doubt heard a fair amount of hyper-ventilation about the economic consequences of disruptions to this international
Any Port in a Storm? Read More »
As chronicled in our report here and commentary here, we are seeing evidence of a shift in employment back to city centers. We believe that this is driven by a number of forces, including the increasing preference of young, talented workers for urban living; some of this shift is cyclical and coincides with the fact that more
Urban Employment: How does your city compare? Read More »
At CityObservatory, we strive to make data the driving force behind our operations. We know that many of you share our keen interest in digging through the data, and we strongly believe that everyone benefits when data sources and methods are as transparent as possible. In the spirit of open data, we’ve created this page
(This post coincides with the newly released report, Surging City Center Job Growth. The report and more details are found here.) For decades, urban economists have chronicled the steady decentralization of employment in our metropolitan areas. First people moved to the suburbs for low density housing, and then businesses followed—especially retail and service businesses that catered
Jobs Return to City Centers Read More »
For over half a century, American cities were decentralizing, with suburban areas surpassing city centers in both population and job growth. It appears that these economic and demographic tides are now changing. Over the past few years, urban populations in America’s cities have grown faster than outlying areas, and our research shows that jobs are
Surging City Center Job Growth Read More »
It’s telling that Governing calls gentrification the “g-word”—it’s become almost impossible to talk about neighborhood revitalization without objections being raised almost any change amounts to gentrification. While we applaud the attempt to inject some rigor and precision into a debate that has been too often fueled by emotion and anecdote, Governing’s analysis serves only to
Great public spaces make great cities. But so do great private spaces. They provide opportunities for people to socialize, and provide the character that make a city more livable and unique. We have already talked about how restaurants add value to a city– but thought we’d look at bars in the same way. Now, what
We recently featured a post regarding how venture capital is associated with economic mobility. We know that these are strongly correlated—and that, if we are concerned with the ability of children today to obtain ‘The American Dream,’ we should be concerned with how to increase economic mobility. To understand more about how cities can increase
How is economic mobility related to entrepreneurship? (Part 2: Small Business) Read More »
