Tuesday, April 18, 2017 9:00 am
Washington, D.C. – Today, a new report outlining a growth strategy for Oklahoma City’s emerging innovation district, an area encompassing the Oklahoma Health Center and Automobile Alley, was released by the Brookings Institution and Project for Public Spaces’ Anne T. and Robert M. Bass Initiative on Innovation and Placemaking.
The culmination of an 18-month study, the report assesses the Oklahoma City metro region economy and offers recommendations on industry innovation, placemaking, and inclusive growth practices to strengthen the innovation district and the broader region. It will be publicly unveiled at an Oklahoma City Chamber of Commerce event from 9am-12pm CT at the Skirvin Hotel Grand Ballroom.
The report, “Positioning for Growth: Advancing the Oklahoma City Innovation District” finds that, with the right investments, the Oklahoma City innovation district has the potential to become a major center of gravity for regional innovation and economic development.
Innovation districts are concentrations of research-oriented anchor institutions, companies, intermediaries, cultural amenities, community-oriented public spaces, and retail and residential space. Bounded roughly by Robinson and Lottie Avenues to the west and east and 4th and 13th Streets to the south and north, the emerging Oklahoma City innovation district is a 1.3-square-mile area encompassing both the Oklahoma Health Center and the vibrant commercial corridor of Automobile Alley.
For Oklahoma City’s innovation district to succeed, the region’s public and private leaders must better capitalize on the area’s dominant industries and invest in high-quality places where research institutions, firms, and talent concentrate and connect. Furthermore, they should explore how regionally-competitive industries, such as healthcare and energy, can converge to form new businesses and fields. At the same time, city leaders should improve the region’s ability to attract a talented workforce and to provide training and employment opportunities for area residents who are not currently connected to the innovation economy.
As an existing employment hub, the home of major anchor institutions and research assets, and a site ripe for placemaking interventions, the innovation district could propel the Oklahoma City region forward. To this end, this report recommends four multifaceted strategies around which innovation district institutions, firms, and civic leaders should rally city and regional stakeholders:
To operationalize these strategies, district leaders should establish a new type of innovation district governance entity that gives voice to the district’s narrative, defines its vision, and helps it act as a unified place to have maximum collective impact on the city and region.
With detailed analyses of the Oklahoma City region’s challenges and opportunities and assessments of best practices in other cities and innovation districts, “Positioning for Growth: Advancing the Oklahoma City Innovation District” offers a clear strategy for Oklahoma City leaders to forge a stronger economy and community.
The Anne T. and Robert M. Bass Initiative on Innovation and Placemaking is a collaboration between the Brookings Institution and Project for Public Spaces. It aims to catalyze a new cross-disciplinary approach to city building that integrates the reinforcing benefits of vibrant public spaces, innovative urban economies, and inclusive growth.
To learn more, please visit: www.brookings.edu/project/anne-t-and-robert-m-bass-initiative-on-innovation-and-placemaking/.