Austin ranks as the fifth Most Future-Ready City

January 19, 2016
Source: 
Dell Future Ready Economics

San Jose, San Francisco, Washington, D.C., Boston and Austin are America’s most future-ready cities—but each arrived on top with a different balance of strengths.

Those were the findings from the Dell Future Ready Economies Model based on insights and criteria developed at the 2015 Strategic Innovation Summit: Enabling Economies for the Future, hosted by Harvard University and sponsored by Dell.

The model is meant as a tool for cities to gauge their preparation for future growth.

The summit identified three primary characteristics of Future Ready Economies: the ability to attract people who are engaged in and open to lifelong learning that drives innovation; businesses that thrive in collaborative environments; and infrastructure that provides platforms for people to engage, collaborate, learn and innovate.

Dell commissioned IHS Economics to find proxy indicators that define those characteristics. The resulting index is a model intended to help decision makers understand what makes certain cities more prepared for future growth.

“We’re very confident these cities will grow faster in the next five to ten years than most other cities,” said James Diffley, IHS Economics Group Managing Director for U.S. Regional Services.

The rankings revealed no definitive formula for achieving future readiness, though education figured prominently. The top four cities overall were also the top four of cities with the highest percentages of undergraduate and graduate school degrees.

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