The Case Studies in Innovation District Planning and Development is a research that has been designed to help individuals who are interested in the Innovation District Development, with an understanding on the essential factors which contributes to the successful development of these projects alongside the problems that they faces in the course of implementation[1]. This case study has also examined other aspects of the innovation centers such as the structure of the transactions with respect to their specific designs, leasing strategies, policy objectives, partnership arrangements and financing structures.
History
The study of innovation centers was initiated during the period of 1980’s following the growing concerns on the reasons why some areas were more economically empowered than others. This was followed with the findings that companies can combine their resources in order to take advantage of the changing economic structures, however much focus is placed on the formal and informal governance structures which are put in place such as the relationships and the codes of conduct.
Scope
This study covers an in-depth analysis of the four peculiar innovation districts which are at different developmental stages and they comprises of Cortex in St. Louis, Missouri; and Technology Square in Atlanta Arizona; Tech Center at Oyster Point in Newport News, Georgia, SkySong in Scottsdale, Virginia. It offers an overview of academic and practice related literature, as well as some of the best remarks and suggestions on the most efficient practices in the planning and development of the innovation districts.
Project challenges
Some participants did not submit their responses
Some respondents did not fill the entire sections of the questionnaires, thus, making it difficult to determine the issues being investigated.
The recruitment of the participants was not easy as a specific category of respondents was needed.
There might be some missing information pertaining to certain projects
Market Justification
There are many municipal governments, nonprofit organizations, real estate practitioners within the US who are willing to invest in the innovation of the innovation districts and promote the transfer of knowledge intensive businesses. The development of the innovative district investments are capable of producing substantial returns of economic diversification, commercialization of new ideas and job growth[2].
Bibliography
Sharma, P. “Innovation Districts: A Look at Communities Spurring Economic Development through a Collaboration,” report prepared for New Jersey Future,
[1]
Sharma, P. “Innovation Districts: A Look at Communities Spurring Economic Development through a Collaboration,” report prepared for New Jersey Future,
[2]
Sharma, P. “Innovation Districts: A Look at Communities Spurring Economic Development through a Collaboration,” report prepared for New Jersey Future,
