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How Sears Fuels Startup Culture in Birmingham, Alabama

Birmingham, Alabama rose from the ashes of reconstruction to become an industrial powerhouse in the southeastern United States. But today Birmingham Mayor William Bell tells TheStreet's Joe Deaux that the country's 100th largest city, with the help of the University of Alabama at Birmingham, is fostering entrepreneurial businesses through a start-up hub founded at a former Sears department store. Much of the program's success emerges from UAB's large medical center, which UAB President Ray Watts says generates along with the university some $3.4 billion a year. Here's how the city and the university are attracting a generation of innovators in a town known for its civil rights past.