Cities could help foster and nurture economic development with dedicated areas for start-ups and businesses, such as Boston's Innovation District. Such places are designed to facilitate open interactions and collaboration between people, companies, and other innovators.
Thomas Menino writes:
"The launch of President Obama's Startup America initiative comes at a time when our nation's cities are primed to lead the country out of the recent recession. Unemployment rates are steadily declining in many metro areas, and the private sector is beginning to reinvest in the economy. But for cities to capitalize on this opportunity to create jobs, spur innovation, and accelerate entrepreneurship, our strategy has to be deliberate and hard-charging."