Many countries that are committed to Smart City concepts think that this could encourage creation of employment opportunities at an accelerated rate. This is the trend found in the mission statements of many urban authorities in the West.
A recent case is that of Dublin, which has committed to develop Smart Cities that local authorities said would create 66,000 new jobs in the city when it becomes smart.
The scheme hopes to see a 10% to 15% increase in employment in the Irish capital. The plan is the final of eight job plans launched by the government as part of a €250 million regional jobs strategy.
It will focus on technology, financial services, life sciences, manufacturing, tourism, creative industries and retail sectors.
Some of the initiatives include: Establishing ‘StartUpSpaceDublin’ which will increase the number of businesses starting and surviving by 25%; Establishing a new Technological University in Dublin; Making Dublin an exemplar of a Smart City internationally, test bedding new technologies which use big data and the internet to improve city life; Expanding the audio-visual sector in Dublin, both as a production location and a pool for talent and enterprise. Promoting Dublin as “a city of villages”.
Minister for Jobs Richard Bruton said: “Dublin as the capital city and only city over one million population is a real driver of economic growth for Ireland. Getting the jobs market right in Dublin is crucial to our overall economic health as a country.”