Many startups are ready to take on some of the most intractable urban challenges, but local governments that don’t create hospitable regulatory environments work against their own interests by inhibiting the activity of those young, nimble companies.
Startups can play a huge role in the growth of the economy, particularly over the long term, generating jobs, increasing tax revenue and diversifying a region’s economy. As National League of Cities President Mark Stodola puts it: “One of the biggest challenges – and greatest opportunities – that we have as local officials is preparing our cities for the future of work.”
