Economy

Towards a New Digital Deal

Communities around the world are accelerating their response to the current wave of digital innovations and they have good reason to. Digitalization can be considered a critical ingredient in the recipe of our sustainable communities of today and tomorrow – in the broadest sense of the word – economically, socially and environmentally. Digitalization carries the means and the organizational paradigm to not just do things slightly more efficiently, but differently and better. The design shift it affords can help us collectively tackle some of the greatest challenges humanity has ever faced, such as climate change, the need for sustainable and affordable energy, fair and sufficient levels of water and food distribution, and education and healthcare for all in a world where the population continues to grow. And of course, it should help us arrive at solutions and services that will allow burgeoning cities to thrive.

Green Buildings in Sustainable Communities: Everybody Wins

Green buildings support the goals of sustainable communities and vice versa. When office, apartment and retail properties are built and managed sustainably, the surrounding neighborhood benefits. Likewise, a community that enables a sustainable, live-work-play lifestyle enhances the long-term relevancy of green buildings within its borders.

These communities often promote job growth by creating environments for start-ups to thrive. In addition, companies in many business sectors are locating offices in sustainable urban neighborhoods in order to attract the college-educated millennials who live there.  As they grow, companies lease office space in buildings they believe will help them attract talented employees—and sustainability is an important part of that appeal.

Northeast Ohio’s Startup Ecosystem: The Visible & The Invisible

As one of the region’s champions of entrepreneurship, Morgan Foundation has been among the ecosystem builders focusing on startup support for all types of entrepreneurs. The programs we fund help children develop the entrepreneurial mindset, support college students as they conceptualize and launch new ventures, and undergird the services that propel experienced adult entrepreneurs to develop high potential startups.

Northeast Ohio is doing well at concocting its entrepreneurial stew, but we recognize that there is always more to learn. As we prepare to welcome Meeting of the Minds to Cleveland in the fall, we see the goal of this gathering as ideal for the crucible of interdisciplinary thinking that is teeming in our region. We expect that it will throw “gasoline on the fire” and we are anxious to showcase all the great intersections brewing in and around Cleveland; the blending of medicine with biomimicry, fashion with technology, and 3-D printing with manufacturing!

Cities as Innovation Platform for Green Economic Development

Since 2010, the City of Vancouver has been executing on it’s world-acclaimed Greenest City Action Plan (GCAP) which aims to have Vancouver reduce its environmental impact, by a wide range of measures, and become the “greenest city in the world” by 2020. The plan is a bold one and has called on the Vancouver Economic Commission (VEC) and the City to support and enable innovation and innovators in new ways. Vancouver has transformed from a resource-based economy to a low-carbon, knowledge-based economy that can count over 20,000 “green jobs” representing more than 5% of today’s local workforce.

5 Ways Akron is Redefining Entrepreneurship

Akron, Ohio, like many legacy cities, experienced a rougher-than-average blow with the economic downturn. But with the help of a new generation of entrepreneurs, the city is also rebounding at a stronger rate than some of its neighbors. Here’s a look into what makes...

The Transformative Potential of Community Solar

America is following the sun. Last year, the U.S. welcomed a new megawatt of solar capacity every 36 minutes, which created 1 out of every 50 new American jobs. Solar energy is abundant, affordable, and clean – and it’s growing. Thanks to community solar, it could also become a transformative way to share power, welcoming low-income communities to the economic opportunities of clean, distributed energy.

While rooftop solar has become a familiar part of the solar sector’s growth, it’s not accessible to half of the country. If you don’t own your own roof, don’t have good sun exposure, or don’t have good credit, it’s not an option. From an industry perspective, that means that the solar sector is missing out on at least half of its potential customers.

Economic Development Starts in Kindergarten

Most new jobs are created by small businesses (66% according to the SBA).  How do we get those businesses to launch in our urban neighborhoods? There are many hurdles to overcome in starting a business but the biggest is the leap of faith it requires. A Leap of Faith...

Redefining Urban Risk and Resiliency

In today’s increasingly interconnected and rapidly changing world, social, technological and sustainability issues bring new dimensions to risk and have a major impact on the development and competitiveness of our urban centers. This results in urban risk management...

Three Principles of Sustainable Business

Over the past 15 years working in the sustainability industry I have witnessed many businesses sacrifice environmental goals to uphold quality and profit. Although sustainable resources and green technologies abound, increasing return on investment while achieving and...

Corporations Lead in 100 Percent Renewables

This November, Microsoft contracted for a massive 237 MW of wind power in Kansas and Wyoming. Most new electricity generation in the U.S. is from wind and solar, with much of the electricity being purchased by major corporations, like Microsoft. These corporations are...

Urban Innovator of the Week: Terence Patterson

Terence Patterson, President and CEO of the Downtown Memphis Commission, used to be Jerry Maguire. Originally from Memphis, he earned his undergraduate degree at Harvard, and then worked for three years for the Walt Disney Company doing corporate finance. After three...
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Meeting of the Minds is made possible by the generous support of these organizations.