Building on Innovation
January 1, 2011
Building on Innovation: The Significance of Anchor Institutions in a New Era of City Building
Author: Tom Murphy
Building on Innovation, authored by ULI Senior Resident Fellow for Urban Development Tom Murphy, maintains that in the current environment of extremely limited public funds, being competitive means being able to create new economic engines, new marketplace synergies, and new corporate enterprise offshoots. The difference between the winners and losers, Murphy says, is a shared goal by both the public and private sector to create a climate for progress. “The technology and information economy has created a tempo of quick-speed change and public-private community interdependencies so great that they have generated a new paradigm of local economic development and city building,” Murphy says.