Yeah, I agree. That’s why I said it’s incredible that not much has come out of Yale and UConn compared to other schools of their size and rank. Cambridge did invest a lot into the area around MIT and Harvard to help make sure those areas were attractive to young people
The schools are one thing, but the business climate, taxes and common sense are others.
We retired to SC in 2011, travel a lot and marvel at the growth here and elsewhere in the South and Southwest. On a visit to Charleston a couple weeks ago we saw 7 of those large construction cranes building apartments/condos, commercial buildings and a parking garage. All organic growth, not the subsidized development of living spaces and commercial properties the "leaders" in Hartford seem to specialize in. Also, lots of gentrification of the old houses on small streets in the downtown area. Sort of like you see in Boston, Georgetown and other areas that are vibrant and growing.
You need a vision and long range plan, favorable regulations and a tax structure that encourages growth and expansion. People here are upbeat, friendly and welcoming of businesses and growth. An anecdote about taxes that our friends back in CT can't believe: a year or two after we moved here the sales tax rate went down one percent because the capital projects for which the increase was approved BY THE VOTERS were completed.
Consider that Charleston and Hartford have a lot in common. Both have great history but Charleston has a wonderfully developed tourism industry that has packaged and better marketed its assets. Both cities have colleges/universities but almost all in Charleston are right downtown and add to the talent base for local businesses as well as serving as a large pool of customers for the very vibrant restaurant and nightlife scene. Both have water, Hartford the river and Charleston several rivers and the Atlantic. Both also have major industry. Hartford with aerospace, insurance and medical centers and Charleston with its port, aerospace (Boeing plant building composite fuselage sections for the 787), auto (new Mercedes and Volvo plants) and the Medical University of South Carolina.
The result: Hartford's population decreased from 1960 (162,178) to 2016 (123,243) while Charleston's increased from 1960 (60,288) to 2016 (134,385). Accidental? The weather? Maybe to some degree but more likely it's due to business conditions and foresight, plus leaders who have taken better advantage of the area's assets.