The Daily Beast crunched the numbers to figure out the smartest cities in the country. Boulder, Colorado, tops the list of America’s brainiest metros. Boulder is home to the University of Colorado and was recently named by BusinessWeek as the nation’s best place for startup companies.
"Brainy metros tend to have higher incomes, wages, and economic output, higher levels of innovation (measured as patents), more high-tech industry, and higher housing prices, according to an analysis by my research team at the Martin Prosperity Institute.
Though luring new factories and building new stadiums lend themselves to outsize media attention and ostentatious ribbon-cutting ceremonies, the less glamorous work of building up local knowledge assets and leveraging existing university campuses yields far greater and lasting economic gains. Unlike incentive packages and new stadiums, which, despite their price tags of hundreds of millions of dollars, too often turn out to provide benefits that are scant or fleeting, knowledge assets like research universities can’t move; they are rooted in the local economy.
These brainy metros not only demonstrate a better approach to stimulating state and local economic development, they are helping to rebuild the U.S. economy as a whole."
Check out the entire gallery of brainy cities here.