In the same way that companies like Nike, Apple and Facebook have created “mini-cities” for employees where chance encounters between innovators leads to new ideas and accelerates learning, Zappos CEO Tony Hsieh wants to attract hundreds of entrepreneurs to downtown Las Vegas to help make it more “collisionable.”

Hsieh’s $350 million fund, “The Downtown Project,” is aimed at “transforming the decaying and blighted part of the old Vegas Strip” with $200 million earmarked for real estate, $50 million for small businesses, $50 million for education, and $50 million for tech startups, PandoDaily reports.

The Downtown Project’s goal is to create a “whole community of creative technologists, designers and entrepreneurs” by investing in 100 to 200 companies and helping provide a setting rivaling New York or San Francisco in which they can thrive.

If Las Vegas sounds like an unlikely magnet for tech startups, Quicken Loans founder and Chairman Dan Gilbert is leading similar efforts to revitalize Detroit, which include a startup zone around the old Madison Theatre dubbed “The M@dison Block.” Source: pandodaily.com

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect is LIVE next week! Join us and thousands of your peers from wherever you are.Register Today×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription