October's figures put the measure back on a positive track. Slight increases in the report's new project inquiries and new design contracts readings point to robust activity in the coming months. Dive Brief:
Relatively stable employment and spending figures also bode well for future activity. October notched an additional 11,000 net new jobs.
Recent spending reports also suggest a positive outlook in demand for design services. September's figures showed slight overall growth, marking a 2% increase from the year before. Though spending has trended downward steadily since March, the measure will likely continue to pick up as rebuilding efforts following a spate of hurricanes across the South and wildfires in California begin to ratchet up.
Ronald Schott, an executive at Arizona Technology Council, has touted Gates' location decision for the city due to its proximity to the proposed I-11 freeway and Las Vegas. The location is also said to be "in the desert," which gives Belmont Partners the ability to build the city on a clean slate instead of needing to tear down existing infrastructure.Though the process of building a smart, connected city rarely happens in this manner.
Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other.
Co-Founder of Microsoft
Building from the ground-up is a more expensive and risky approach — one that sometimes looks more appealing in renderings than in actuality. In Ashburn, VA, the 16.8-acre Gramercy District is being built from scratch with the intention of being the region's first holistically "smart city" where people will want to "live, work and play," yet there has been little reported interest in area residents actually moving there.In order to fill Gates' community with residents, the investment firm will need to develop a city that has affordable housing, accessible transitg.