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WIRED – Facilitating “Wall Street West” June 27, 2006

Posted by Tom in Economic Development, Innovation, Technology, WIRED, Workforce.

The Department of Labor’s WIRED initiative takes a different form in each region it serves. In northeast Pennsylvania, it appears to be all about fiber-optics:

WHAT ARE THE GOALS? Several. They include extending a connected fiber optic line between northeastern Pennsylvania and New York City, and attracting financial houses to establish backup operations in the region — hence the term “Wall Street West.” The WIRED component refers to creating high-paying jobs that could improve the region’s economy.

It used to be that communities looked to rails, then roads, then airport hubs to build their business bases. Now, it’s fiber. Kudos to the leaders of northeast Pennsylvania for thinking beyond their current paradigm to build a completely new future for their workforce – and leveraging their $15 million WIRED grant to transform that workforce.

UPDATE: This complementary article makes the concept appear not so certain. Regardless, the forward thinking is worthy of admiration.



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