Richard Florida says that the economic benefits of 'agglomeration' are seldom given the attention they deserve. A new study by Florida and the Martin Prosperity Institute aims to do just that.
Florida explains why density is a key factor in innovation and economic growth:
"The dense geographic clustering of economic activities was true of the industrial behemoths of the past - steelmaking in Pittsburgh and automotive production in Detroit. And, despite advances in communications technology, it applies even more so today: from high-tech firms in Silicon Valley to film producers in Los Angeles and recording studios and record labels in Nashville. There's no doubt: The geographic concentration of firms, industries, technologies, people, and other economic assets plays a powerful role in innovation and economic growth."
Florida says that he will release more details of the survey in future articles.
FULL STORY: The Power of Density
Dormant Inner Suburbs and the Affordability Crisis
Richard Florida takes a look at a new report that traces the affordability crisis to cities' inability to densify their older, inner suburbs.
High Density Means More Economic Growth and More Happiness, Too
Using new analysis of recent US Census data, Richard Florida demonstrates that “[c]ities and regions where density is more concentrated near their urban cores — appear to gain the biggest economic advantage.” That, and a tad more happiness.
Class is (Most Likely) Destiny in the United States
Richard Florida reports on why America ranks second to last among first world nations for economic mobility; the Northeast remains the most mobile region of the country.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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