SlideShare ist ein Scribd-Unternehmen logo
1 von 53
Mary Frances Postupack 
President, 
University Economic Development Association
THANK YOU!
#UEDASummit
Javier Gonzales 
Mayor, City of Santa Fe
Mike Dozier 
Summit Committee Chair, 
University Economic Development Association
William Fulton, AICP 
Director, Kinder Institute for Urban Research, 
Rice University
Making Economic Development 
Work for Universities and 
Communities 
William Fulton 
Director Rice U. Kinder Institute 
Former Mayor, Ventura CA 
Former Director of Planning 
and Economic Development, San Diego, CA
So here’s a story about community 
economic development and 
universities
Baker Hall, Chemistry Building, Cornell 
University (built 1923)
Columbian Rope, Auburn, NY (1903- 
1980)
What do these things have to do 
with each other?
Innovation on the shop floor
Then Versus Now 
• Closed v. Open Innovation 
• Separation of Academia and Industry 
• Close Links To Surrounding Manufacturing 
Region
What does this mean? 
• It’s obvious what research 
universities do for the economic 
development of cities and regions. 
• It’s less clear what cities and regions do 
for the health of research universities
The Network City 
(city as network)
The founders of a manufacturing 
empire that survives as a network city
here are some of the things you need to 
create in order to build enduring prosperity 
skilled labor force 
quality of place 
Infrastructure 
educational 
opportunities 
critical mass of 
innovation and 
entrepreneurship 
physical facilities 
endowment of wealth
Cities are in a ferocious 
competition 
over 
place 
(both geographical location and high-quality, 
high-amenity “place”)
Universities are 
also 
in a ferocious competition 
over 
place 
(both geographical location and high-quality, 
high-amenity “place”)
There are 
geographical 
winners and 
losers in The Big 
Sort
If you’re Cornell, you’ve got a problem 
-- Do you solve this 
problem by 
“virtually 
moving” 
Cornell? 
-- Or by investing 
in the region 
where it is 
embedded?
The old model of place: Research 
Triangle Park’s suburban campus
The new model of place: North 
Carolina State’s walkable innovation 
campus
But universities must be able to county 
on consistent political leadership …
… which isn’t always forthcoming
Making Economic Development 
Work for Universities and 
Communities 
William Fulton 
Director Rice U. Kinder Institute 
Former Mayor, Ventura CA 
Former Director of Planning 
and Economic Development, San Diego, CA
Glenda Humiston 
State Director, 
California Rural Development Office, 
U.S. Department of Agriculture
President’s Panel 
Higher Education’s Role 
in Economic Transformation
Dr. Robert Behunin 
Vice President, 
Commercialization & Regional Development, 
Utah State University
Dr. Joseph Castro 
President, California State University, Fresno
Randy Grissom 
Interim President, 
Santa Fe Community College
Dr. Mary Walshok 
Associate Vice Chancellor for Public Programs 
& Dean of Extension, UC San Diego
THANK YOU 
BOARD MEMBERS!
#UEDASummit 
#HowToSantaFe
2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton
2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton
2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton

Weitere ähnliche Inhalte

Ähnlich wie 2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton

Ferguson1000-Reception Program
Ferguson1000-Reception ProgramFerguson1000-Reception Program
Ferguson1000-Reception ProgramJohnMFreeborn
 
Design Competition | First Place: 2015 Md Sustainable Growth Challenge
Design Competition | First Place: 2015 Md Sustainable Growth ChallengeDesign Competition | First Place: 2015 Md Sustainable Growth Challenge
Design Competition | First Place: 2015 Md Sustainable Growth ChallengeArchana Sharma
 
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...University Economic Development Association
 
Tbed21 An Overview
Tbed21 An OverviewTbed21 An Overview
Tbed21 An Overviewlagulnick
 
Urban Colleges And Universities And Their Communities
Urban Colleges And Universities And Their CommunitiesUrban Colleges And Universities And Their Communities
Urban Colleges And Universities And Their Communitiesawra2001
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010guest4b8d4d
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010guest4b8d4d
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010guest4b8d4d
 
Linked In Ds Hamilton Resume
Linked In Ds Hamilton ResumeLinked In Ds Hamilton Resume
Linked In Ds Hamilton Resumedshamilt
 
2009 05 14 Oc Division Program Optimized
2009 05 14 Oc Division Program Optimized2009 05 14 Oc Division Program Optimized
2009 05 14 Oc Division Program OptimizedRonKrater
 
Penn State’s Role in Economic, Workforce, & Community Development
Penn State’s Role in Economic, Workforce, & Community DevelopmentPenn State’s Role in Economic, Workforce, & Community Development
Penn State’s Role in Economic, Workforce, & Community DevelopmentPenn State University
 
ReinventingMfgFullReport
ReinventingMfgFullReportReinventingMfgFullReport
ReinventingMfgFullReportDiego Tamburini
 
African City Planner: Urbanization 2nd class
African City Planner: Urbanization 2nd classAfrican City Planner: Urbanization 2nd class
African City Planner: Urbanization 2nd classConstant Cap
 
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...Connect Your Own Dots: Social Media Integration as a Best Practice for Market...
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...Susan T. Evans
 
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobs
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobsHUD Sustainable Communities Learning Network Jobs Convening #SCLNjobs
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobsKristin Wolff
 
Southern SAWG, What is urban farming, 2014
Southern SAWG, What is urban farming, 2014Southern SAWG, What is urban farming, 2014
Southern SAWG, What is urban farming, 2014edwinmarty
 

Ähnlich wie 2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton (20)

Ferguson1000-Reception Program
Ferguson1000-Reception ProgramFerguson1000-Reception Program
Ferguson1000-Reception Program
 
Design Competition | First Place: 2015 Md Sustainable Growth Challenge
Design Competition | First Place: 2015 Md Sustainable Growth ChallengeDesign Competition | First Place: 2015 Md Sustainable Growth Challenge
Design Competition | First Place: 2015 Md Sustainable Growth Challenge
 
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...
UEDA Summit 2013 - Awards of Excellence - Research & Analysis - Primacy of Pl...
 
Tbed21 An Overview
Tbed21 An OverviewTbed21 An Overview
Tbed21 An Overview
 
Urban Colleges And Universities And Their Communities
Urban Colleges And Universities And Their CommunitiesUrban Colleges And Universities And Their Communities
Urban Colleges And Universities And Their Communities
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010
 
Cortright Akron Jan2010
Cortright Akron Jan2010Cortright Akron Jan2010
Cortright Akron Jan2010
 
Linked In Ds Hamilton Resume
Linked In Ds Hamilton ResumeLinked In Ds Hamilton Resume
Linked In Ds Hamilton Resume
 
2009 05 14 Oc Division Program Optimized
2009 05 14 Oc Division Program Optimized2009 05 14 Oc Division Program Optimized
2009 05 14 Oc Division Program Optimized
 
The Rise of Innovation Districts
The Rise of Innovation DistrictsThe Rise of Innovation Districts
The Rise of Innovation Districts
 
Penn State’s Role in Economic, Workforce, & Community Development
Penn State’s Role in Economic, Workforce, & Community DevelopmentPenn State’s Role in Economic, Workforce, & Community Development
Penn State’s Role in Economic, Workforce, & Community Development
 
Indy livability challenge master show standard
Indy livability challenge master show   standardIndy livability challenge master show   standard
Indy livability challenge master show standard
 
Create Wv111208
Create Wv111208Create Wv111208
Create Wv111208
 
ReinventingMfgFullReport
ReinventingMfgFullReportReinventingMfgFullReport
ReinventingMfgFullReport
 
African City Planner: Urbanization 2nd class
African City Planner: Urbanization 2nd classAfrican City Planner: Urbanization 2nd class
African City Planner: Urbanization 2nd class
 
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...Connect Your Own Dots: Social Media Integration as a Best Practice for Market...
Connect Your Own Dots: Social Media Integration as a Best Practice for Market...
 
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobs
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobsHUD Sustainable Communities Learning Network Jobs Convening #SCLNjobs
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobs
 
Southern SAWG, What is urban farming, 2014
Southern SAWG, What is urban farming, 2014Southern SAWG, What is urban farming, 2014
Southern SAWG, What is urban farming, 2014
 
Ntaylor_LivingLoop_UIC_Capstone
Ntaylor_LivingLoop_UIC_CapstoneNtaylor_LivingLoop_UIC_Capstone
Ntaylor_LivingLoop_UIC_Capstone
 

Mehr von University Economic Development Association

Mehr von University Economic Development Association (20)

University of Georgia - Archway Partnership
University of Georgia - Archway PartnershipUniversity of Georgia - Archway Partnership
University of Georgia - Archway Partnership
 
Marquette University - Explorer Challenge -
Marquette University - Explorer Challenge - Marquette University - Explorer Challenge -
Marquette University - Explorer Challenge -
 
Ideadvance Lean Start Up
Ideadvance Lean Start UpIdeadvance Lean Start Up
Ideadvance Lean Start Up
 
AoE place - Paul Kinghorn
AoE  place - Paul KinghornAoE  place - Paul Kinghorn
AoE place - Paul Kinghorn
 
NEWERA - Internship Draft Day
NEWERA - Internship Draft DayNEWERA - Internship Draft Day
NEWERA - Internship Draft Day
 
University of Wisconsin- Seven Points and Sentry Insurance
University of Wisconsin- Seven Points and Sentry InsuranceUniversity of Wisconsin- Seven Points and Sentry Insurance
University of Wisconsin- Seven Points and Sentry Insurance
 
Fresno State - VIP Program
Fresno State - VIP ProgramFresno State - VIP Program
Fresno State - VIP Program
 
UT - CIS - Asset Based Planning in Rural Tennessee Counties
UT - CIS - Asset Based Planning in Rural Tennessee Counties UT - CIS - Asset Based Planning in Rural Tennessee Counties
UT - CIS - Asset Based Planning in Rural Tennessee Counties
 
Idealized redesign 2018
Idealized redesign 2018Idealized redesign 2018
Idealized redesign 2018
 
Biomanufacturing 2018
Biomanufacturing 2018Biomanufacturing 2018
Biomanufacturing 2018
 
UEDA Annual Summit Dr. Kalvans
UEDA Annual Summit Dr. KalvansUEDA Annual Summit Dr. Kalvans
UEDA Annual Summit Dr. Kalvans
 
UEDA Annual Summit 2018 Monday noon
UEDA Annual Summit 2018 Monday noon UEDA Annual Summit 2018 Monday noon
UEDA Annual Summit 2018 Monday noon
 
UEDA General Board Meeting
UEDA General Board MeetingUEDA General Board Meeting
UEDA General Board Meeting
 
2018 ueda awards of excellence presentation
2018  ueda awards of excellence presentation 2018  ueda awards of excellence presentation
2018 ueda awards of excellence presentation
 
UEDA Summit 2018 Introduction
UEDA Summit 2018 IntroductionUEDA Summit 2018 Introduction
UEDA Summit 2018 Introduction
 
Elon University - Comprehensive Digital Records for the 21st Century Workplace
Elon University - Comprehensive Digital Records for the 21st Century WorkplaceElon University - Comprehensive Digital Records for the 21st Century Workplace
Elon University - Comprehensive Digital Records for the 21st Century Workplace
 
University of Alabama -Advanced Economic Development Leadership
University of Alabama -Advanced Economic Development LeadershipUniversity of Alabama -Advanced Economic Development Leadership
University of Alabama -Advanced Economic Development Leadership
 
University of Idaho - MOSS
University of Idaho - MOSSUniversity of Idaho - MOSS
University of Idaho - MOSS
 
Georgia Certified Economic Developer Program
Georgia Certified Economic Developer ProgramGeorgia Certified Economic Developer Program
Georgia Certified Economic Developer Program
 
Montana Manufacturing Extension Center
Montana Manufacturing Extension Center Montana Manufacturing Extension Center
Montana Manufacturing Extension Center
 

Kürzlich hochgeladen

lONG QUESTION ANSWER PAKISTAN STUDIES10.
lONG QUESTION ANSWER PAKISTAN STUDIES10.lONG QUESTION ANSWER PAKISTAN STUDIES10.
lONG QUESTION ANSWER PAKISTAN STUDIES10.lodhisaajjda
 
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdf
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdfSOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdf
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdfMahamudul Hasan
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaKayode Fayemi
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxraffaeleoman
 
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...amilabibi1
 
My Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle BaileyMy Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle Baileyhlharris
 
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...David Celestin
 
Dreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video TreatmentDreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video Treatmentnswingard
 
Dreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio IIIDreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio IIINhPhngng3
 
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfAWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfSkillCertProExams
 
Report Writing Webinar Training
Report Writing Webinar TrainingReport Writing Webinar Training
Report Writing Webinar TrainingKylaCullinane
 
Digital collaboration with Microsoft 365 as extension of Drupal
Digital collaboration with Microsoft 365 as extension of DrupalDigital collaboration with Microsoft 365 as extension of Drupal
Digital collaboration with Microsoft 365 as extension of DrupalFabian de Rijk
 
Uncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoUncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoKayode Fayemi
 
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfThe workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfSenaatti-kiinteistöt
 

Kürzlich hochgeladen (15)

lONG QUESTION ANSWER PAKISTAN STUDIES10.
lONG QUESTION ANSWER PAKISTAN STUDIES10.lONG QUESTION ANSWER PAKISTAN STUDIES10.
lONG QUESTION ANSWER PAKISTAN STUDIES10.
 
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdf
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdfSOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdf
SOLID WASTE MANAGEMENT SYSTEM OF FENI PAURASHAVA, BANGLADESH.pdf
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New Nigeria
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
 
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...
Bring back lost lover in USA, Canada ,Uk ,Australia ,London Lost Love Spell C...
 
My Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle BaileyMy Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle Bailey
 
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...
Proofreading- Basics to Artificial Intelligence Integration - Presentation:Sl...
 
Dreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video TreatmentDreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video Treatment
 
Dreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio IIIDreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio III
 
ICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdfICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdf
 
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfAWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
 
Report Writing Webinar Training
Report Writing Webinar TrainingReport Writing Webinar Training
Report Writing Webinar Training
 
Digital collaboration with Microsoft 365 as extension of Drupal
Digital collaboration with Microsoft 365 as extension of DrupalDigital collaboration with Microsoft 365 as extension of Drupal
Digital collaboration with Microsoft 365 as extension of Drupal
 
Uncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac FolorunsoUncommon Grace The Autobiography of Isaac Folorunso
Uncommon Grace The Autobiography of Isaac Folorunso
 
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfThe workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
 

2014 - UEDA Annual Summit - Monday Morning Keynote Address - William Fulton

Hinweis der Redaktion

  1. I use the phrase “stick” because the real challenge is for prosperity to be enduring, not fleeting. There used to be a saying that economic development was “buying jobs” – using money to subsidize companies that create jobs. But nowadays it’s more like “renting jobs”
  2. Now, as a contrast, let’s take a look at a different factory. This is a photograph of the Columbian Rope Factory in my home town, Auburn, New York, which was in operation from 1903 to sometime in the 1970s. My grandfather was the head of the R&D lab there. Today he would be considered a critical component of the innovation economy. The plant was a beautiful building – it was rectangular with a courtyard in the middle, and there was one rope line that circled the entire factory while the rope was being manufactured. The owners sold the company in 1980 and it is now part of another rope company and located in Guntown, Mississippi, near Memphis. The plant itself – an architectural masterpiece that would make a great outlet mall or something today – was torn down and replaced with a shopping center so sad and tired that it is about to be torn down itself. So what did Auburn get in the end?
  3. Now, as a contrast, let’s take a look at a different factory. This is a photograph of the Columbian Rope Factory in my home town, Auburn, New York, which was in operation from 1903 to sometime in the 1970s. My grandfather was the head of the R&D lab there. Today he would be considered a critical component of the innovation economy. The plant was a beautiful building – it was rectangular with a courtyard in the middle, and there was one rope line that circled the entire factory while the rope was being manufactured. The owners sold the company in 1980 and it is now part of another rope company and located in Guntown, Mississippi, near Memphis. The plant itself – an architectural masterpiece that would make a great outlet mall or something today – was torn down and replaced with a shopping center so sad and tired that it is about to be torn down itself. So what did Auburn get in the end?
  4. Now, as a contrast, let’s take a look at a different factory. This is a photograph of the Columbian Rope Factory in my home town, Auburn, New York, which was in operation from 1903 to sometime in the 1970s. My grandfather was the head of the R&D lab there. Today he would be considered a critical component of the innovation economy. The plant was a beautiful building – it was rectangular with a courtyard in the middle, and there was one rope line that circled the entire factory while the rope was being manufactured. The owners sold the company in 1980 and it is now part of another rope company and located in Guntown, Mississippi, near Memphis. The plant itself – an architectural masterpiece that would make a great outlet mall or something today – was torn down and replaced with a shopping center so sad and tired that it is about to be torn down itself. So what did Auburn get in the end?
  5. In the smokestack days, cities were like factories. They were linear and functional in nature. Functions were segregated. “Places” were very segregated functionally, just as they were on a factory line.
  6. Now it’s completely different. Most people work for small organizations, and those organizations must interact with each other all the time. The richer this interaction, the better for economic growth. Cities must accommodate this change, and serve not as assembly lines but as networks.
  7. It will be made by one of these guys; or the modern equivalents of these guys (who, admittedly, wear ‘business-casual’ and not suits.) These are the founders of Silicon Valley – the “Traitorious 8” who left Shockley Semi-conductor in 1957 to form Fairchild Semiconductor. Their names would be familiar to you. They invented Silicon Valley. And here’s the funny thing about Silicon Valley: It should be hollowed out by now. After all, 40 to 50 years ago, what did they do in Silicon Valley. They manufactured computer equipment on assembly lines. By soldering them and things like that. Think about it: When Silicon Valley first got its name, it was a factory town where assembly workers manufactured computer parts. Now it’s the place where Facebook and Google are reinventing our lives and the world. What do those two things have to do with each other? How did this happen??? The answer, of course, is that Silicon Valley is not an economic colony. It is a brain center. Over time, Stanford has become the leading academic institution for high-tech brains in the world. And generation after generation of smart Stanford kids have come out of academia to reinvent Silicon Valley. As they’ve done so, they’ve created a remarkable virtuous cycle – the more successful Silicon Valley becomes, the more the billionaires give to Stanford, and the more it has the resources to generate more geniuses. Last year Stanford raised a billion dollars – more money than any other university in America, including Harvard. And with each new reinvention of Silicon Valley, the other components required for the next reinvention grow even stronger – the labor pool, venture capital, intellectual horsepower like intellectual property lawers, and on and on and on. Steve Jobs didn’t go to Stanford. But he lived in the center of the high-tech world and just sort of picked it up, the way kids who grow in LA wind up being film directors. In other words, everything they’ve created in Silicon Valley has helped build the foundation for the next thing. In Chandler, they manufacture chips. This doesn’t lead to anything.
  8. I use the phrase “stick” because the real challenge is for prosperity to be enduring, not fleeting. There used to be a saying that economic development was “buying jobs” – using money to subsidize companies that create jobs. But nowadays it’s more like “renting jobs”