A just-released book by two urban experts from the Washington D.C.-based Brookings Institution calls out Indianapolis as one of three cities where networks and collaborations are creating change and innovation. In The New Localism, authors Bruce Katz and Jeremy Nowak devote a chapter to how Indy, Pittsburgh and Copenhagen are getting things done. Katz says public-private-academic partnerships have been working in Indianapolis for a long time. "We can't find another place in the United States or in Europe where all of these sectors have come together, for 20 years, and had a strategy that they have executed with focus and discipline."

In an interview on Inside INdiana Business with Gerry Dick, Katz pointed to 16 Tech, the planned innovation community near downtown as an example of the city's new economy strengths.

Katz and Nowak contend that power is shifting to local communities. "The federal government, like Elvis, has left the building," said Katz. "What we are seeing is a structural shift in the United States and Europe, where problem solving is happening at the local level."

"Bruce and his team are really the folks who have written the book on 21st Century economic development," said David Johnson, the chief executive officer of the Central Indiana Corporate Partnership, a group of high profile chief executives formed in 1999 to support regional growth and prosperity. The effort is viewed as an example of the importance on collaboration among key networks. "The book also focuses on the need to focus on leadership and resources and investments, and I do think we have set up CICP to be about harnessing resources and investment," said Johnson.

Watch the entire interview: