August 24, 2012 by Art Eddy
There was an interesting article on the Atlantic Cities blog about “Venture Capital Centers” (see link below). Will Providence be able to pull itself together and take advantage of the growing economy along the Boston to D.C. corridor? Low rents with a great quality of life makes it seem like an easy choice, but has the state and the city done what it needs to do to compete and take advantage of this growth? We have decided not to reinstate the historic tax credits which help to reinvigorate urban centers, the very locations the new generation of techies prefer (I would even argue older techies, that one is for you dad),we have a semi-defunct transit system which is complicated and cumbersome for users, and surrounding cities with shovels in the ground on new infrastructure projects making competition heavy. Are we going to pull it together and take advantage of a glimmer in this bleak economy or are we going to sink back to mediocrity?
Providence has the bones of a place that can become one of New England’s best cities. The knowledge district is poised to meet this new demand, but will it meet the market? RIPTA has ideas to develop bus rapid transit and the street car, but will it integrate into a bigger system? Will we be a player and grab some of this economy? Time will tell.