There has been a growing discussion among capital groups to determine what industries can be added and what higher level jobs are needed in our region to stabilize real estate demand. With the abundant inventory of housing, construction and development do not add such jobs. Thus, new strategies are being pursued:
#1 - Repurpose commercial and retail real estate to provide facilities for new, larger scale technology operations, with most focus on medical technologies development.
#2 - Redevelop declining business districts such as Alamo and Danville to house small-footprint technology operations.
#3 - Develop new Industrial Partnership and Commercialization (IPAC) centers to house multiple start-ups in technology labs and engineering facilities.
Tom Cushing has dealt with some of the issues on a national basis but it would be interesting to invite professionals among your readership to define their views on regional economic growth.
As a CDSI Courtesy
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