Innovation Districts as a Strategy for Urban Economic Development: A Comparison of Four Cases.

163 Pages Posted: 24 Dec 2019

See all articles by Joshua M. Drucker

Joshua M. Drucker

University of Illinois at Chicago - Department of Urban Planning and Policy

Carla Maria Kayanan

University of Michigan at Ann Arbor - A. Alfred Taubman College of Architecture and Urban Planning

Henry C. Renski

University of Massachusetts - Department of Landscape Architecture and Regional Planning

Date Written: August 2019

Abstract

This study investigates the urban economic development strategy of innovation districts. As the phenomenon of innovation districts currently is flourishing and expanding across the nation, it commands rigorous attention from those interested in understanding economic development in the United States. Researching the design, opportunities, and pitfalls associated with the economic development strategy will be valuable to policymakers. By studying innovation districts, we aim to provide practical guidance to governments, nonprofit organizations, and other interested actors as they consider devoting substantial effort and resources toward improving their local and regional economies.

Because innovation districts are relatively new, this research does not claim to provide definitive empirical knowledge or results. Moreover, it is too early in the application of innovation districts to conduct widespread empirical evaluation. Instead, our approach focuses on examining four cases of innovation districts that present contrasting settings and policies. We assess the economic development efforts as they have progressed so far by drawing on existing theories of regional economic development and by relating the design and implementation of innovation district actions to stated and normative goals. In conducting this research relatively early in terms of innovation district applications, we anticipate the information to be opportune for the consideration of local economic development policymakers and stakeholders.

Keywords: innovation district, innovation, entrepreneurship, economic development, urban development, place-making, urban revitalization

JEL Classification: O10, O21, O30, R11, R58

Suggested Citation

Drucker, Joshua M. and Kayanan, Carla Maria and Renski, Henry C., Innovation Districts as a Strategy for Urban Economic Development: A Comparison of Four Cases. (August 2019). Available at SSRN: https://ssrn.com/abstract=3498319 or http://dx.doi.org/10.2139/ssrn.3498319

Joshua M. Drucker (Contact Author)

University of Illinois at Chicago - Department of Urban Planning and Policy ( email )

115 CUPPA Hall (CUPPAH)
Chicago, IL 60607-7065
United States
312-413-7597 (Phone)
312-413-2314 (Fax)

HOME PAGE: http://www.uic.edu/cuppa/upp/Faculty/Drucker/Drucker.html

Carla Maria Kayanan

University of Michigan at Ann Arbor - A. Alfred Taubman College of Architecture and Urban Planning ( email )

2000 Bonisteel Boulevard
Ann Arbor, MI 48109
United States

Henry C. Renski

University of Massachusetts - Department of Landscape Architecture and Regional Planning ( email )

Department of Operations and Information Managemen
Amherst, MA 01003
United States

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