Date Added: Oct 2009
Universities can help boost a mature industrial economy by reinvigorating the flow of new ideas in the community. But universities can approach this task in different ways, each leading to vastly different outcomes. Long before Silicon Valley, cities like Akron, Ohio, and Rochester, New York, were known as America's centers of innovation and high technology. Call them "Silicon Valleys of the Second Industrial Revolution." Ambitious and technologically minded entrepreneurs flocked to these cities, hoping to tap into the excitement and prospect of making one's name in emerging technologies and industries. Years later, companies like Goodyear (based in Akron), Kodak (based in Rochester), and other successful ventures that emerged during this period would become the industrial giants of the 20th century.