Millennials flocked to U.S. cities over the past decade, but in some places, the migration appears to be reversing. After years of growth, the population of millennials in Boston and Los Angeles has fallen since 2015, with more young people leaving the cities than arriving last year, according to the latest Census data. And millennial growth has slowed in large hubs like Chicago, New York and Washington, D.C.

Dowell Myers, professor of demography at the University of Southern California, first suggested in 2015 that cities would begin to see declines in millennials. With the largest birth group turning 27 this year, Myers says it’s only a matter of time before millennials head to the suburbs for more space.

The next time someone tells you that we can’t tie an individual weather event to climate change, you should tell them that’s partly to mostly bullshit. Not only can we say a whole lot about an event’s ties to climate change, but some events could not have occurred without global warming’s assistance. 

Let this sink in for a second. 

Global warming is bringing us newly possible extremes, from the 2016 global average surface temperature milestone (it was number one, baby), to a stifling heat wave in Southeast Asia that set numerous all-time high temperature records. 

The EU is stepping up efforts to stimulate investment in the bioeconomy, sounding out investors on the opportunities and challenges of a new multi-million euro fund.

At a conference on December 6 in Brussels, European Commission and European Investment Bank officials received market views on ways the new investment vehicle could coax private capital into a sprawling sector filled with researchers and executives who retool biomass into bioplastics, cosmetics and other goods.

Hire talent, yes. Define your values, sure. Set clear goals, of course.

But how do you actually build and manage high-performance teams?

Stanford University researchers share new findings on how hierarchy improves morale, as well as how experts drive or block innovation, depending on their organizational role.

Plus, practiced CEOs and coaches share their tips on how to run a better interview, how to select talent that will grow with your company, and what to look for when hiring for a team -- not just a single role.

The Drucker Forum 2017 in Vienna last month gave considerable attention to the role of a corporate strategy in a rapidly changing world. In particular, Steve Blank explained how CEOs have to grapple with five new forces, that led, among other things, to Jeff Immelt losing his job as CEO of General Electric (GE), despite a massive multi-year effort at innovation through the Lean Startup approach.

Want to raise $700,000 for your business? Follow Elon Musk's lead and sell some hats.

Earlier this year, the CEO of Tesla and SpaceX apparently got really frustrated with Los Angeles traffic and tweeted that he wanted to dig some tunnels to alleviate the problem. Hence, The Boring Company was born. With this pet project, Musk aims to dig a 6.5-mile tunnel to prove the concept in Los Angeles, with plans for more extensive tunnels in the city to follow.

The works of Leonardo da Vinci were so transformative, they still hold influence more than 500 years after his death. His painting, Salvator Mundi, an iconic image of Jesus Christ giving a blessing, broke all records for any piece of art when it was sold at auction in November for more than $450 million. Walter Isaacson, former chairman of CNN as well as managing editor of Time magazine, has chronicled the life of the greatest figure of the Italian Renaissance in a book simply titled Leonardo da Vinci. Isaacson, a professor of history at Tulane University, visited the Knowledge@Wharton show on Wharton Business Radio on SiriusXM channel 111 to explain what businesses can learn by embracing da Vinci’s kind of intense creativity and curiosity.

Image: http://knowledge.wharton.upenn.edu

Last week, The Digest covered newly released data from the National Science Foundation’s National Center for Science Education Statistics, which found that for the first time in five years, federal funding for higher education research and development increased in both current and constant dollars. For the country as a whole, higher education R&D expenditures increased by roughly 10 percent from FY 2011 to FY 2016, while gross domestic product increased by nearly twice as much. This article examines state-by-state trends in R&D activity at colleges at universities.

Creativity makes our world a better place.

Really, what would the world look like if no significant discoveries were made? No revolutionary ideas, or even just new approaches to doing things?

Creativity pushes humanity forward. It helps the gears of progress spin faster. And it simply makes people’s lives more comfortable and exciting.

But you may be wondering, then, how to be creative.

If you’re reading this, you’ve already taken the right first step to improving creativity skills.

Gov. Larry Hogan says a jobs program he implemented is off to such a good start he wants to expand it.

Hogan's program, the More Jobs For Marylanders Act, became law this year after it was passed by the General Assembly. The program provides tax credits to manufacturing companies that create jobs in certain jurisdictions, including Baltimore City and Baltimore County.

In the first few months, Hogan said nearly 70 companies have sent letters of intent to the Department of Commerce to participate. Seventeen companies, including Alertus in Prince George's County and Marlin Steel in Baltimore, have submitted applications totaling the creation of 450 new jobs.

Image: Gov. Larry Hogan said his More Jobs For Marylanders Act is spurring the creation of 450 jobs so far. - HARRY BOSK

ALBANY, N.Y. (AP) — Christmas came early for economic development officials across New York state Wednesday with Gov. Andrew Cuomo's administration announcing $755 million in funding for hundreds of local efforts to boost the state's business climate.

The state's 10 economic regions will split the money, intended to support job training, subsidies for expanding businesses, funding for community organizations and other local economic initiatives. Under Cuomo, the annual awards have become a key component of the state's efforts to help the economy statewide — and in upstate in particular.

After my company raised over $60 million in financing and passed the 200-employee mark, we faced an urge many other venture-backed startups do: the impulse to splurge.

The money Vidyard secured from our first round of fundraising went straight into building out new product lines. Since we’d built a great video platform for marketing teams, we figured we’d “rinse and repeat” by developing similar products for sales and customer support teams. But in hindsight, we were placing our core market at risk by diluting our focus on known income streams.

AUBURN, Ala (WRBL) — If you’re a student entrepreneur at Auburn, well it’s time to show your million dollar smile…or idea. Benny LaRussa Jr., and Lynn LaRussa recently created the LaRussa Catalyst Fund which is a $1 million permanent endowment for Auburn University student entrepreneurs looking to bring their business ideas to life.

Their endowment will be matched as part of 1982 graduate Raymond Harbert’s dollar-for-dollar “challenge match” initiative, increasing the total support to $2 million.  Harbert offered to match endowment gifts up to $15 million, as part of his $40 million commitment that resulted in the naming of the college in June 2013.

Image: http://wrbl.com

Georges Doriot, a Harvard professor and World War II military quartermaster, founded the country’s first venture capital firm in Boston in 1946. Doriot may have been first, but he is not the most famous.

While researching a recent feature about longtime VC Alan Patricof and his firm Greycroft, Fortune asked venture capitalists and founders who they would put on the “Mount Rushmore of Venture Capital.”

The four most common responses in this very informal survey are listed below. But we thought it would be fun to ask Fortune readers to weigh in too: Do you agree with these choices? Or would you replace one of them with someone else? Scroll down to the polls below and have your say.

Venture capital will remain to be relevant in 2018. While this career choice is easier to some, getting hired in the industry is a totally different story. Here are some of the trends that are expected to unfold next year.

Artificial intelligence is predicted to make its impact in venture capital (VC) in the future. Often, VC companies are on the lookout for promising startups. The work requires intensive travel and researching. InReach Ventures and previously a partner at Balderton Capital Roberto Bonanzinga says the method is inefficient.

One of the concerns with economic development tax credits and other incentives is that their cost will balloon over time, causing fiscal havoc for the issuing government. So what does it mean when these incentives are used less than expected?

We've noticed the following from a set of recent state incentive evaluations:

• In Oklahoma actual payments under the Quality Jobs Program from 1994-June 2017 were $1.1 billion compared to $3.9 billion of potential payments from signed agreements — 28% of the projected cost.
• In North Carolina, an analysis found the state paid $102 million under the JDIG and One North Carolina Grant programs -- 25% of the projected cost.

When Steve Jobs launched the iPhone in 2007, many pundits were less than impressed. Some said that its unusual shape made it unwieldy. Others thought that it was too expensive. Still others remarked that all the extra software made it a poor choice for its primary function — making phone calls.

But part of Jobs’s genius was his ability to recognize patterns that others couldn’t. Executives at Xerox, for example, didn’t see much potential in the Alto, but he built the Macintosh based on it. When music players seemed like a dead end, he reimagined them with the iPod and transformed the industry.

Image: http://innovationexcellence.com

Illinois state government is leaning on its relationships with private businesses as part of a structured attempt to generate new ideas and expand its portfolio of technologies.

State officials told StateScoop they met regularly with Illinois-based businesses in 2017 as part of a new group called the Corporate Innovators Council. The group’s members — which include representatives from Discover Financial Services, Bosch, Northern Trust, Mars-Wrigley, McDonald's, Grainger and Cigna — share their knowledge and experience using innovative business practices. The state says it hopes to apply what it is learning from its corporate partners to find creative solutions to government’s challenges and launch new initiatives like its recent chatbot hackathon.

Image: Illinois Department of Innovation & Technology

CEO Elon Musk brought a one-two punch to the Tesla Semi event last month. First, he knocked back the traditional semi truck by unveiling a fully electric version. Next, a new roadster sports car surprised the crowd by driving out of the semi. Musk then boldly declared the electric car’s victory over the gas-powered vehicles that have dominated the industry since the 19th century.

Inbound marketing is an effective strategy when it comes to growing your small business. It helps you attract customers to your site by providing valuable content. From there, you can guide them through your buyer’s journey, eventually converting them into customers.

At the same time, inbound marketing establishes your business as a leader in your niche. More important, it doesn’t require a huge marketing budget or team.