INC.: To Drive Innovation, Cities Need to Look to Ecosystems Rather Than Incentives

Traditional local governments have used subsidies and tax incentives to convince new companies to open a factory or office in their constituency. In this article on Inc. Greg Satell argues against this practice. To create a welcoming environment for new and often innovative companies the local ecosystem needs to be strengthen. An ecosystem of companies that are already there and other institutes like higher education and research firms.

To Drive Innovation, Cities Need to Look to Ecosystems Rather Than Incentives

It’s not any particular node, but networks, that drive prosperity

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