Monday, September 16, 2013

Innovative Start-Ups are Choosing Urban Lofts Over the Traditional Suburban Business Park

Research has shown an immense geographical shift of start-up activity from suburban parks to urban lofts, which should be considered in any urban planning. 

Recent studies by economist Richard Florida have shown, time and time again, that the innovative thinkers behind today's successful start-ups are moving to urban centers. Throughout the later stages of the 20th century, many of the nation's largest start-ups, including the ranks of Apple and Microsoft, started in "low-rise office parks just off highway interchanges." 

However, the modern start-up techie wants to be surrounded by inspiration and collaboration in an exciting and fast-paced lifestyle, guiding them towards more urban spaces. The benefits of these moves can be viewed in the increased opportunities for partnership, investors, and modern way of life. 

This trend has been viewed over the past 5-10 years throughout the nation, so what can we do to continue to develop Columbia as a start-up hot spot? We have resources in place, like our friends at CETi, the USC/Columbia Technology Incubator, and even have space at SOCO, but what can we do to continue this trend and growth in Columbia?

Trends and growth like this are greatly considered with the efforts of the Columbia Regional Competitiveness Initiative (CRCI). We must look at current and future trends to continue bringing Columbia to the forefront of competitiveness in the region and the nation, and adapting to trends such as this can only help the business environment of Columbia. CRCI is in it to win it, and this is just one of the approaches. 

If you want to read the full article on this start-up trend by economist Richard Florida, read it here

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