Incubators create both efficiency and innovation by bring together leaders to solve problems and sharing resources (space, overhead, infrastructure, knowledge) to make them more lean.
The Hub in San Francisco is a good example.
The incubator model focused on
solving the needs of declining cities could create a physical and economic focal point.
The incubators would need to focus on either: a) companies that can
bring revenue into the city because they sell globally; b)
solve problems in the city in a sustainable way.
I added that a
local community bank should be part of a hub to get ideas of how to uncover newly vibrant neighborhoods and businesses to lend to. I think if many of the innovations leveraged knowledge and needs of the banks, it would be a powerful synergy.