Eds, Meds and Urban Revival – In many cities, a big university is becoming the economic engine that a big corporation used to be.

In an era when technological know-how and innovation have become prime economic drivers, "eds and meds" have become indispensable anchors of urban growth. "In many respects," a report by CEOs for Cities and the Initiative for a Competitive Inner City commented a few years ago, "the bell towers of academic institutions have replaced smokestacks as the drivers of the American urban economy."

May 2008 By ROB GURWITT

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