Fast Company is trying to locate hubs for the "creative class" (Richard Florida's term), and Madison is one of those hubs:
A progressive-minded enclave where unemployment is a rock-bottom 2.5% and the creative class continues to expand at an average of 7.8% a year. Madison owes much of its success to the 26,000 people who work in high-tech fields--a number that's growing every year. The vast majority of Wisconsin's recent $750 million biotech initiative will wind up here.
Madison was one of only two cities on the list located east of the Mississippi. The other: Raleigh-Durham, North Carolina.
Thanks to Allison Christians for the pointer.
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1. Posted by ziemer on November 18, 2005 @ 19:43 | Permalink
this is nonsense.
madison has a low unemployment rate because it has 40,000 full time students.
if you plunk 40,000 people into a community, and they consume like any other person, but without entering the full-time labor market, that community will have low unemployment.
i'm sure retirement communities have low unemployment, too, for the same reason. but i doubt richard florida would consider green valley, arizona a hub of the creative class.
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