City of Providence to Partner with Anchor Institutions to Drive Innovation and Economy
NEC member the City of Providence recently announced a partnership with anchor institutions to drive urban innovation. Mayor Jorge O. Elzora explained that this partnership would revitalize two innovation districts in Providence, one in the Jewelry District and another along the Woonasquatucket River Corridor, by prioritizing public and private investments in those areas.
Providence’s Urban Innovation Partnership echoes a model embraced by many other cities across the country, where city governments are considering how to thoughtfully partner with local businesses. Officials believe that partnering to grow the economy in Providence in a way that serves the diversity of the city will ensure a collective success. In efforts to advance their vision, the City of Providence has selected Boston-based Venture Café Foundation to serve as “Urban Innovation Districts Maker Incubator Program Manager” to help organize collaboration between various local institutions.
Providence Mayor Jorge O. Elorza said in his announcement, “Through the Urban Innovation Partnership we’re making a commitment to work collaboratively because we know that Providence’s future success requires that our diverse anchor institutions join us at the table. Our city has so many existing resources and strengths and to truly advance them we must work shoulder to shoulder to support innovation and job growth in our capital city.”
The NEC congratulates the City of Providence on this new initiative and commends their commitment to advancing urban innovation and their local economy.