As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
Brookings Explores Cluster-Based Frameworks for Economic Development
Regional innovation clusters can be a useful framework in understanding the high-tech economy, but only if local leaders recognize the limits of cluster-based strategies, according to a recent study by the Brookings Institution. Authors Mark Muro and Bruce Katz suggest that research has confirmed the positive impact clusters can have for local workers, firms and regions, but that effective policy interventions must focus on targeted initiatives to foster existing clusters. Clusters cannot be created out of nothing, and regional efforts should instead help to develop clusters where there is evidence of under-performance. Read "How Regional Innovation Clusters Can Foster the Next Economy" at: http://www.brookings.edu/papers/2010/0921_clusters_muro_katz.aspx.