Can Startups Save Struggling Metros?

One of the most striking and troubling features of today’s economy is the slowdown on innovation and economic dynamism. Former U.S. Treasury Secretary Larry Summers argues that the American economy has slipped into a period of low growth, low innovation, and secular stagnation.

A new study by Michael Mandel of the Progressive Policy Institute finds some evidence of a rebound in economic dynamism.

(Michael Mandel/TechNet)

For one, he finds that, over the past 25 years, young firms—that...

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