Before the end of the year, Karl Palachuk and I intend to do our quarterly analyst briefing webinar that typically enjoys a receptive audience. On deck on the agenda for our to-be-announced 4Q Analyst Report webinar is a non-partisan review of the election. We’ll stick to the facts and discuss how it results impact MSPs. Trust us!
I want to leak one topic right here, right now. At a high-level it concerns each part of America having the ability to innovate technology. For example, my hometown Anchorage Alaska could be an Arctic engineering powerhouse (it’s the same altitude as Finland which is very technologically oriented).
This amazing study here was published by the Information Technology & Innovation Foundation and written by John Wu, Adams Nager and Jospeh Chuzhin. It’s pitch is simple: “Contrary to perceptions, America’s innovation-driven, high-tech economy is not concentrated around hubs like Silicon Valley; it is widely diffused—and every state and congressional district has a stake in its success.”
For years, policy discussions about America’s innovation-driven, high-tech economy have focused on just a few iconic places, such as the Route 128 tech corridor around Boston, Massachusetts; Research Triangle Park in Raleigh, Durham, and Chapel Hill, North Carolina; Austin, Texas; Seattle, Washington; and, of course, California’s white-hot Silicon Valley. This has always been too myopic a view of how innovation is distributed across the country, because many other metropolitan areas and regions—from Phoenix to Salt Lake City to Philadelphia—are innovative hot spots, too, and many more areas are developing tech capabilities. An unfortunate result of this myopia has been that policy debates about how to bolster the country’s innovative capacity have often been seen as the province of only the few members of Congress who represent districts or states that are recognizably tech-heavy, while many members from other districts focus on other issues. This needs to change, not only because the premise is incorrect, but also because the country’s competitive position in the global economy hinges on developing a broad-based, bipartisan, bicameral understanding and support for federal policies to spur innovation and growth.
A defining trend of the last decade is the degree to which technology—information technology, in particular—has become a critical driver of productivity and competitiveness for the whole economy, not just the tech sector itself. This is abundantly clear throughout the United States, as revealed in both traditional economic data, such as high-tech export activity, and in newer metrics, such as broadband deployment. Indeed, all districts have some kind of technology and innovation-driven activity occurring locally, either because long-established industries such as agriculture, mining, manufacturing, and professional services are rapidly evolving into tech-enabled industries, or because new developments such as cloud computing and ubiquitous access to broadband Internet service allow innovators to create new, IT-enabled enterprises in any small town or rural area they may choose, not just in Silicon Valley or Boston.
This is a great study. You’ll need to get your smarts on to read the 56+ pages but, trust me, it’s worth it! Download here.