Galt Global Review

QFS 360

January 25, 2006

Fast Cities


by Jake Gosselin


What do Vancouver, Dublin, Helsinki, Sydney and Montreal have in common? They are all cities that have been dubbed, Fast Cities—the new up and coming metropolis’ which are largely populated by the Creative Class—a distinct, innovative people who have a hand in creating metropolitan accomplishment—and according to Creative Class guru Richard Florida, they are working hard to pioneer new lands of opportunity. The demographic of the Creative Class has been researched extensively by Florida, whose thesis—the Creative Class is a distinct segment that drives innovation, creates urban success, and is critical to economic competitiveness—is enough for cities to come to him for advice on attracting this group of people. In his latest book, Flight of the Creative Class, Florida argues that this worldwide struggle for creative talent will be the defining economic issue of the 21st century.

Vancouver is a prime example of a fast-city, with one-third of its population made up of the creative class. Booming industries include film, animation, video-games, and biotech. The metropolitan area boasts an abundance of high-tech workers including over 90 biotech companies, making it the eighth largest cluster in North America (ahead of New York, Pennsylvania, Washington and Florida). With one of the highest immigrant percentages in the world Vancouver is one of Canada’s most liberal cities. It also delivers environmental diversity with both city life and natural surroundings with high-rises set against a backdrop of snow-capped mountains, beautiful forests and the Pacific Ocean. Richard Florida stresses the importance of diversity and its importance to allowing the creative class to thrive. Real diversity means the acceptance of different types of people who will question rules, ask hard questions and introduce new ideas—thus—Vancouver allows itself to both attract the Creative Class while giving the opportunity for its population to flourish.

Also with a large immigrant population, Sydney is a diverse city that offers both natural and synthetic magnificence. Sydney is home to both worlds—with a large population of artists—as well as being the centre of Australia’s financial district and home to more than 300 biotech companies. The city provides over twenty beaches where visitors and residents can indulge in surfing, sailing and yachting.

Because it is home to the fifth-largest Creative Class workforce, Montreal’s job progression ranks in the top five of North American cities. The city itself affords the best of both worlds—with Old World architecture and towering modern high-rises—Montreal appeals to all generations. Since the 1990s, Montreal has experienced a shift from industrial to a creative-focused business mix more dependent on ideas and originality rather than more derivative concentrations.

A favourite haven for the Creative Class, and home of Trinity College (circa 1592), Dublin is a city rising in growth and popularity. With housing that is both quaint and affordable, and lower corporate taxes, Dublin offers a capital city that is a convenient European base for major blue-chip companies which is facilitated by a technologically competent English-speaking work force. Networkers always have a place to interact with a wealth and variety of neighborhood pubs, where ideas can be born and deals can be made over pints of Guinness. Less than two decades ago, Dublin was a monetary disaster and relied heavily on British trade and agriculture. Then in the 90’s, Dublin began offering tax breaks to entrepreneurs, technology companies, and yes, artists. This transformation helped double the economy and turned Ireland into the world's largest exporter of packaged software. The US is now its largest customer and Dublin is the proud home to Bono, Van Morrison and Rolling Stone, Ron Wood.

Surrounded by the waters of the Baltic Sea, Helsinki is immaculate and exotic. With the waters sparkling and boat-filled in the summer, and an iced-over luminous paradise in the winter, Helsinki is a safe, beautiful booming city. Home to Olli-Pekka Kallasvuo, the CEO of Nokia, the world's largest cell-phone company, the company generates $39 billion in annual revenue allowing Helsinki to become one of Europe's new high-tech centers.

In an interview with Adam Hanft, Florida emphasized the importance of the social and economic impact of his studies and how they affect the world on a global scale: “people are realizing amazing productivity and creativity gains when they agglomerate. What my work tries to do is link this phenomenon to specific demographic indicators and economic trends.”


 

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