Quote:
Originally Posted by dc_denizen
the value of incentives is definitely going to be secondary to the human capital, networking, and infrastructural assets of the chosen city. These might be worth $10s of billions, compared to 2-5$ billion in incentives.
Places like Boston, Austin (and Seattle, SF etc), maybe LA, have a proven pipeline to create, fund, and commercialize new technologies and companies. Amazon (and any other tech company) will need this ecosystem to thrive. Toronto, Philadelphia, Atlanta, and many other places don't have that capacity. even Chicago is debatable. (Chicago, Dallas and Atlanta are more about old-school corporate headquarters; Philadelphia is poorly run and thrives off of the same media/finance complex as NYC; Toronto, produces little in the way of new technology companies given its size and the amount of immigrants)
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Your data is outdated.
http://www.chicagobusiness.com/article/2...hrinking-city-growing-wealthier-educated
October 04, 2017
Chicago is now the nation's best-educated big city
Chicago is now the nation's best-educated big city
Even as Chicago's population shrinks, the city is becoming notably wealthier and better educated, both in absolute and relative terms compared to other cities and the country as a whole, newly available U.S. Census figures show.
Combined with other data, the continuing tale-of-two-cities story suggests large numbers of lower-income African-Americans are fleeing Chicago even as somewhat lesser numbers of better-educated and higher-earning whites, Asians and blacks are coming in. That's leaving the city better off in some ways than it was a decade ago, but smaller.
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According to American Community Survey data compiled by Zotti, the share of Chicagoans over age 25 with bachelor's degrees or higher leapt from 29.3 percent in 2006 to 38.5 percent last year, with the increase particularly strong since 2011. That hike was larger than any of the country's four other largest cities—New York, Los Angeles, Houston and Philadelphia—and more than twice the 4.3 percent national increase.
Stunningly, a greater share of adults in once-blue-collar Chicago now hold degrees—38.5 percent—than in New York (37 percent) or the U.S. as a whole (31.3 percent).
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Particularly interesting is what's happening in the African-American community.
For more than a decade, this cohort overall has been fleeing Chicago in stunning numbers, down more than 42,000 just last year, according to ACS data. But the city gained 18,000 black residents with college degrees since 2011, according to Zotti, the greatest of the 10 U.S. cities with the most black residents.
https://www.forbes.com/sites/petesaunder...ted-millennials-are-moving/#2980ab26d3cc
Jan 12, 2017 @ 02:41 PM
Where Educated Millennials Are Moving
Pete Saunders
Chicago is a significant outlier in its attraction and concentration of educated Millennials. The Chicago numbers are worthy of closer inspection. At the metro level, as expected, Chicago has the third highest number of educated Millennials, after New York and Los Angeles. However, between 2010 and 2015, that number grew only 7.2%, the lowest figure of the 33 metros examined. Furthermore, the number of educated Millennials in outlying suburban areas grew less than one percent in the same period. But an interesting transition is taking place in Chicago. Despite the city representing about one-quarter of the metro area's population, about half of educated Millennials in the metro area are choosing to live in the city, and that number is rapidly rising.
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