An in-depth look at how New York adopted "innovation" and became a destination for startups and large tech companies.
In recent years, the language of "innovation" has spurred visions of urban economic revival led by digital technology. Investors, mayors, and tech evangelists transform the city into an "innovation complex" that expands the tech industry while struggling to control its power. No city has been more ambitious in this pursuit than New York. In The Innovation Complex, Sharon Zukin looks to the people who created New York's tech economy and the places where it took root. She traces its origins to the city's response to the 2008 financial crisis and the aggressive leveraging of wealth from the US and overseas. Through interviews with venture capitalists, startup founders, and economic development officials, she explores the spaces where the rules of the new economy are made--transforming the city but increasing dependence on Big Tech firms, siphoning public subsidies, and enabling the rise of a new meritocratic elite. Updated with a preface on the effects of Covid-19, Zukin's provocative interpretation of the innovation complex is a warning to cities around the world.
New York is rapidly changing in response to a new economy, but startups, tech workers, and venture capital are not visible unless you know where to look for them--in old industrial neighborhoods, on the waterfront, and at events like hackathons and meetups. In The Innovation Complex, Sharon Zukin shows the people and places that shape the urban tech economy, making cities more successful for businesses yet in some ways less livable.
[Zukin's] gift is to track the political economy of the particular cultural desires of an era, and concern for the interplay between cultural production and the production of urban space has been a constant as she has charted New York City's packaging of creativity, authenticity, and now, innovation." - Hillary Angelo, European Journal of Sociolog
