Commentary: Innovation districts can help Detroit build on success
1/28/22 Crain’s Detroit Business
Like many other states and cities, Michigan and Detroit have faced significant challenges in recent decades. The development of innovation districts is one investment that has helped cities such as Pittsburgh, St. Louis and Atlanta weather these challenges.
… Innovation districts concentrate universities and medical institutions, mature firms, startup companies and entrepreneurial support organizations in urban settings to amplify their economic and social impact. One Michigan example is the Grand Rapids Medical Mile anchored by Michigan State University, the Van Andel Institute, Spectrum Health, Grand Valley State University and Grand Rapids Community College. Innovation districts often aim to increase incomes and wealth for a broad swath of residents through supplier diversity, workforce and talent development and affordable homeownership.
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