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Heartland Tech Weekly: What makes an ‘innovative’ economy?


Last week, a Milwaukee-based research nonprofit called the Public Policy Forum published a report determining how “innovative” the metropolitan area’s economy is as it gets ready for Foxconn to call one of its suburbs home.

So is Milwaukee’s economy innovative? It depends on who you ask. An established life sciences company might say yes, considering that Milwaukee has a competitive concentration of scientists and engineers compared to other Midwestern cities, at 13.1 per 1,000 working age adults. But the founder of a tech startup struggling to secure venture capital — Milwaukee startups only received $44.7 million in funding in 2016 — might think that the city still has a long way to go before it can be considered a good place to start an innovative business.

It can be tempting to paint the arrival of a factory like the one from Foxconn or a big exit from a hometown startup as a sign that a city’s economy has “made it.” But the report serves as an important reminder that it takes a lot of pieces to fall into place until a city’s economy can truly be considered a fertile place for multiple players in the tech industry — especially one that hopes to one day rival Silicon Valley.

Please send feedback, news tips, or story suggestions to me via email — bookmark our HeartlandTech Channel, and please remember to share these #HeartlandTech stories on TwitterLinkedIn, and Facebook.

Thanks for reading,

Anna Hensel
Heartland Tech Reporter

P.S. Please enjoy this video from Inc., “Here are the 6 best U.S. cities to start a small business

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About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

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Source: Samsung, Linux on Galaxy

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