Innovation Corridors Have Economic Assets Driving Business Growth
16 Mar 2022
News
It’s no secret that the recipe for economic success usually includes generous portions of innovation and technology. That has been part of the economic development story for many years in such places as Boston, Seattle, the Research Triangle, and Silicon Valley.
But just as you can find more and more cutting-edge restaurants and exceptional craft breweries in sometimes surprising places beyond the most obvious locales, the innovation-based recipe for success is being served up in smaller communities, too, far beyond the places that may first come to mind. When it comes to building an innovation corridor or innovation district, the traditional addresses don’t have a monopoly on brains and forward-thinking.
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
Housing Costs Less
Abundant Shopping
Low Cost of Living
Open Spaces