Even before the pandemic, Silicon Valley was already facing challenges. Tech companies were bleeding workers due to less-than-helpful White House visa policies and the unintended consequences of the longest bull market cycle in history. These factors and several others created an unbalanced, unsustainable distribution of wealth and resources.
Now, with the pandemic pushing tech companies toward blended or virtual workforces, I'm hearing new questions about the heartland's long-term viability. Can we replicate Silicon Valley elsewhere — and, perhaps more importantly, should we?
Image: Yung Wu is the CEO of MaRS Discovery District, an innovation hub located in Toronto, Canada.- Yung Wu