How is the new city-making industry evolving to help cities create extraordinary economic value?

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A new city-making industry is perhaps the best vehicle for cities around the world to successfully deal with mega challenges such as: energy efficiency, environmental sustainability, natural disasters and manmade disruptions, infrastructure development & renewal, and the holistic deployment of smart technology.

I have observed and participated in the making of this emerging industry since the beginning of the twenty-first century as I helped cities in Asia, the Middle East, Europe and the Americas plan and launch districts designed to support innovation and entrepreneurship. Conceived after the turn of the twenty-first century, the intent of such districts is to jump start extraordinary high value industry clusters within 10-15 years, a process that formerly took 30-50 years or longer in places like Silicon Valley, Cambridge, UK and the Kendall Square area around the Massachusetts Institute of Technology. These projects are propelled by alliances forged among the following: public sector agencies at local and national levels, established start-up businesses of all sizes, education and research institutions, financing enterprises, real estate developers, and information & communication technology companies.



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