REUTERS/Chris Helgren - A Google logo is seen at the entrance to the company's offices in Toronto September 5, 2013.
Blog Post | Innovation Districts Series
Google Shows Power of Urban Innovation Districts
August 20, 2014,
As the U.S. economy continues to restructure post-recession, the spatial geography of innovation is shifting as well. The innovative economy is relocating—from isolated office parks in the suburbs to cities, creating in the process areas known as “innovation districts.” Changing living preferences among younger, educated workers are contributing to this trend, but, so too is a shift in the business models of innovative firms, moving away from a closed model of innovation, toward a more open and collaborative model requiring proximity to other firms and specialized research institutions.