Regional clusters spark growth
From: Opinion: Regional clusters can spark growth – John Fernandez – POLITICO.com
If you want to see how American communities can reinvent themselves to compete in today’s global economy, just walk through downtown Pittsburgh. Once abandoned steel plants now house a thriving cluster of innovative robotics companies.
Regional Business Clusters are not a new concept, but how does a region firstly, identify what clusters already exist or could be initiated? Secondly, how does the region motivate the level of investment required to bring about the type of success demonstrated in Pittsburgh and other places?
The genesis is often from the nexus of academia and research with corporate investment, but even regions without large corporations and universities can come together to establish clusters of businesses that attract complementing businesses.
What industry sectors stand out in your region as potential clusters?
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