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OECD Territorial Reviews: The Chicago Tri-State Metropolitan Area, United States 2012

image of OECD Territorial Reviews: The Chicago Tri-State Metropolitan Area, United States 2012

The OECD Territorial Review of the Chicago Tri-State metropolitan area, the first of its kind conducted by the OECD in the United States, assesses the region’s capacity to contribute effectively to regional and national economic performance and quality of life. The Review focuses on four thematic policy issues: i) the effectiveness and coordination of workforce development programmes in the Chicago Tri-State metro-region; ii) the metro-region’s capacity for innovation; iii) its role as a major centre for logistics in North America; and (iv) its capacity to encourage green growth over the long term. The review also focuses on the state of region-wide institutional collaboration and offers a vision for effective tri-state region-wide stakeholder engagement.  

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Innovation and entrepreneurship in the tri-state region

This chapter focuses on the region’s innovation and entrepreneurship capacity. Human capital lies at the core of any innovation ecosystem, and while the region is a magnet for Midwest talent, the segment of the population with low skills along with shortages in particular skills, such as computer science, mathematics and business administration, constitute bottlenecks that need to be fixed. The private and non-profit sectors are more advanced than are the federal, state and local authorities in articulating, promoting and pursuing a true, region-wide vision for innovation-led growth. The chapter underscores the need for a public-sector change in attitude to ensure a reduction in the “race-to-the-bottom” style of competition among local and state authorities and a more strategic focus that orients investments toward supporting the region’s innovation drivers through greater collaboration and pooling of scarce resources.

English

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