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07 Dec 09

Civic Ventures :: Civic Ventures Overview

"About Civic Ventures
Civic Ventures is leading the call to engage millions of baby boomers as a vital workforce for change. Through an inventive program portfolio, original research, strategic alliances, and the power of people´s own life stories, Civic Ventures demonstrates the value of experience in solving serious social problems – from education to the environment and health care to homelessness. Founded in 1998 by social entrepreneur and author Marc Freedman, Civic Ventures works to define the second half of adult life as a time of individual and social renewal. "

"Helping society achieve the greatest return on experience."

www.civicventures.org/overview.cfm - Preview

civic_ventures boomerism ageing social_capital society investment

04 Mar 09

Economic Impact: The City as a Social Portfolio « The Captured Perspective

Great 'Captured Perspective' blog post by Peter Boumgarden, who comments on Richard Florida's Atlantic Monthly piece:
QUOTE
"...cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.
UNQUOTE

capturedperspective.com/...the-city-as-a-social-portfolio - Preview

captured_perspective peter_boumgarden richard_florida social_capital cities diversity economics

What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.
What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.

What you have in a city like Detroit (or unfortunately, many mid-major Midwestern cities, St. Louis included) is a poor social portfolio- resulting from a significant lack of industry diversity, and a lack of concentrated interaction among any diversity. Taken together, these cities are both at higher risk of collapse given the right conditions, and a lower ‘risk’ of growth and innovation.
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- What this means is that cities are not just portfolios that emerge segmented for risk, but also social entities that respond positively to this differentiation with increased generativity. Cities are not only portfolios, but also social entities where diverse individuals interacting results in additional benefits for the growth of that city, over and above the lower risk of economic failure. In this way, a city might best be conceived a social portfolio.
  
  What you have in a city like Detroit (or unfortunately, many mid-major Midwestern cities, St. Louis included) is a poor social portfolio- resulting from a significant lack of industry diversity, and a lack of concentrated interaction among any diversity. Taken together, these cities are both at higher risk of collapse given the right conditions, and a lower ‘risk’ of growth and innovation.