Cultural technology district: a model for local and regional development

The urgency to cope with the international economic crisis has led to efforts to identify innovative tools and frameworks that are capable of regenerating local and national economic development. The enhancement of the cultural heritage sector can be a strategic factor in improving the competitiveness of country systems. In Italy, the nation's rich cultural heritage is not managed in an efficient and effective manner, even though it embodies a tremendous opportunity to enhance local economic growth, especially in light of the role of new cultural technology districts (CTDs). This article intends to present the CTD business model aimed to promote local and regional development in Italy, to attract domestic and international tourist flows and spread them out more evenly across all regional territories and to verify the CTD's opportunity through the Lazio Region experience.