Check out this story from TIME by Stephan Faris: What Torino Can Teach Cleveland. From the article:
[Torino’s] example has encouraged the likes of Cleveland, where a group of philanthropists has teamed up with local politicians to boost the region’s economy. Once a powerhouse of heavy industry — steel, rubber, automobiles — Cleveland has struggled for decades to find its footing. Recently, however, the city and the surrounding area have established agencies like those in Torino to help young companies get off the ground, assist midsize businesses with finding new markets and guide the city’s old manufacturing base into faster-growing sectors such as medical supplies, flexible electronics, clean energy and next-generation polymers. “The question is, What do you do if Bill Gates doesn’t settle down in your town?” says Brad Whitehead, president of the Fund for Our Economic Future, a partnership of more than 100 regional philanthropies. “We’re trying to put ourselves in the way of luck.”
Read more about what this “Italian Detroit” can teach Cle: http://Time.com
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