From Richard Florida (the expert on all things urban+economic+geography) in CityLab today on the why SF has outperformed LA:
"This is where the physical planning leaves off and the human infrastructure of the reg"on becomes critical. What L.A. lacked as the New Economy came into being was the interconnections between different groups that would have allowed it to transform its pre-existing skills and organizations into New Economy industries. Even though L.A. had amazing technology endowments going into the New Economy, the existing firms were not pushed to do technology differently. They stayed with their old client, the Defense Department, and with making elaborate big technology systems (some of the best in the world)."
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