What is the impetus behind the Innovate ABQ project? It began with the economic shift that occurred during the Great Recession. The technology and human capital-based economy emerged, which highlights the need for a specialized workforce. Researchers found that four drivers of prosperity are inherent in cities that have capitalized on the new economy: human capital, infrastructure, quality of place, and innovation.
Innovate ABQ is a project that intends to bring those ideas together at a site meant to serve as the nucleus for an innovation district. Central Avenue and its neighborhoods serve as the perfect Petri dish for a 21st Century economy. Recent developments and announcements support this idea. Ultimately, Innovate ABQ will make Albuquerque more competitive in a global marketplace.