What could it could mean for a "tech" town to be born, especially with what we have today regarding techniques and tools. While the dream has not really bore out yet (especially at a village level), I would argue we could do even better in middle America with this thinking; small college towns. While its a bit of existing gravity well, you could do a focused effort to get a flywheel going (redo mini Bell labs around the USA solving regional problems could be a start).
Yes it takes decades. My only thought on that is, many (dare say most) people don't even have short term plans much less long term plans. It takes visionaries with nerves and will of steel to stay on paths to make things happen.
Love the experiment idea.