Ralph Lauren has always had a story. At first, my father told the story just through his designs. Now we're constantly looking for new ways to tell that story through innovation and technology.

Whether an economic boom is fueled by the fashion industry or technology innovations, it needs a brick-and-mortar foundation. This is not only true in New York and San Francisco; wherever you live, you can find a local hotspot positioned to attract interest from businesses, consumers and investors.

Wearable technology is a big trend, and a lot of people have been trying to figure out how to take it from band or bracelet to clothing. We thought it'd be cool to make a shirt that can monitor your body measurements.

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