The author develops a conceptual model that specifies six types of “community capital” assets—polity, physical, financial, human, cultural, and social—that U.S. cities, particularly those left behind in the most recent economic boom, will have to develop to thrive and prosper in the twenty-first-century knowledge-based economy. Each of these sources of “capital” is described, and specific examples of how each is manifested in selected, highly competitive new economy cities are presented. The article concludes with a discussion of the steps and strategies U.S. cities will have to pursue to develop their full complement of community capital assets.
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