Category: Retired

Innovation ecosystems — places where companies and anchor institutions cluster and connect with startups, incubators, and smaller accelerators — are far from a new urban trend. As technology has become core to our economy in the past few decades, big coastal cities like Boston, San Francisco, and Seattle have become big tech innovation ecosystems, attracting more and more talented workers, startups, and investment capital from across the country and the world every year. 

Despite all the growth spurred by these tech-based innovation ecosystems, the resources and the capital haven't been shared equitably with existing communities. Additionally, as we’ve seen in these big coastal cities, the creation of housing hasn’t kept up with the influx of workers — causing prices to skyrocket and creating new challenges for lower-income groups and people of color.

But there’s a new global trend happening to intentionally plan innovation ecosystems in a way that still brings the advantages of economic opportunity and jobs, while also attempting to share the benefits more broadly. In this episode, we explore this new generation of innovation ecosystems that could not only spark economic growth, but offset some of the urban development approaches that have left too many neighborhoods behind.

In this episode:

• [0:00 - 5:50] Phil Armstrong, executive director of Greenwood Rising Black Wall Street History Center, and Trey Thaxton, entrepreneur and owner of the Tulsa-based Goldmill Co. and Greenwood Ave. cover the history of Tulsa, Oklahoma, and what tomorrow could look like with a new innovation ecosystem in place.
• [5:51 - 10:33] The podcast hosts Vanessa Quirk and Eric Jaffe discuss Innovation Ecosystems and how a mixed-use innovation ecosystem in neighborhoods might benefit from the opportunities by staying in their communities as well as generating wealth over time.
• [10:34 - 22:16] Landon Taylor, co-founder of Legacy First Partners, and Victor MacFarlane, founder and CEO of MacFarlane Partners, explain their vision for the Freedom West that will allow the residents to have access to job training, entrepreneurship training, and access to capital to allow them to participate in the 21st-century economy.
• [22:17 - 29:03] Randy Wiggins, founding managing director of Build in Tulsa, and Brian Brackeen, general partner of Lightship Capital strives to build Tulsa as the most Black entrepreneur-centric ecosystem in the country and in the world.

To see images and videos of topics discussed in this episode, read the link-rich transcript on our Sidewalk Talk Medium page at https://bit.ly/3DdhNKL

City of the Future is hosted by Eric Jaffe and Vanessa Quirk, and produced by Guglielmo Mattioli. Story editing by Rough Cut Collective and Benjamin Walker. Mix is by Andrew Callaway. Art is by Tim Kau. Our music is composed by Adaam James Levin-Areddy of Lost Amsterdam. Special thanks to Phil Armstrong, Trey Thaxton, Landon Taylor, Randy Wiggins, Brian Brackeen, Alison Novak, Jesse Shapins, and Chrystal Dean.

Cities throughout the U.S. (and around the world) are struggling with the many issues that come with neighborhood growth and displacement. But what if, instead of being negatively impacted by development, residents benefited from it instead?

In this episode — part two of our two-part series on new models for wealth-building — we explore “neighborhood REITS,” a model that helps community members invest in local development projects. This innovative approach can help folks participate in their own communities’ growth, and as we see through the work of Albina Vision, it can also potentially begin to redress some of the racial inequities that have been baked into our housing system for decades.

In this episode:

• [00:00 - 05:30] Local Portland artist Cleo Davis shares the struggles of gentrification that destroyed the legacy of his community in the historically Black neighborhood of Albina.
• [06:16 - 13:07] Marc Norman, associate professor in affordable housing, breaks down a new wealth-building model called a neighborhood REIT.
• [13:08 - 23:09] Rukaiyah Adams, Board Chair of the Albina Vision Trust, discusses the history of Lower Albina and her hopes that a neighborhood REIT could be one way to help people access the multi-generational wealth that they were denied.
• [23:10 - 25:37] Cleo Davis wraps up with the hope that Albina Vision will be the greatest monument to Black creativity and prosperity that the neighborhood could have.

To see images and videos of topics discussed in this episode, read the link-rich transcript on our Sidewalk Talk Medium page at https://bit.ly/3FhzYQW.

City of the Future is hosted by Eric Jaffe and Vanessa Quirk, and produced by Guglielmo Mattioli. Story editing by Rough Cut Collective and Benjamin Walker. Mix is by Andrew Callaway. Art is by Tim Kau. Our music is composed by Adaam James Levin-Areddy of Lost Amsterdam. Special thanks to Cleo Davis, Marc Norman, Rukaiyah Adams, Winta Yohannes. Annie Koo, Alison Novak, Jesse Shapins, and Chrystal Dean.