Mid-sized cities outperform major metros at turning economic growth into patents
New research provides ammunition for spreading federal R&D dollars beyond Silicon Valley. Economists Federica Coelli (EBRD) and Paul Pelzl (NHH Norwegian School of Economics) studied 2.5 million patents across 759 U.S. communities over 40+ years. Their finding: smaller urban areas innovate effectively when economies improve. Current reality: Just 5% of U.S. communities produce 75% of all patents. Share By the numbers: The boom effect: 8.3% increase in overall patents when oil/gas employment