Economic Alliance of Greater Baltimore -- Recently, Richard Florida of The Atlantic‘s CityLab published a synopsis of a study detailing extensive research that linked arts clustering to widespread economic development in nearly every metropolitan region across the country. The Economic Alliance of Greater Baltimore elected to recreate some of this research and examine arts clustering in the Baltimore metropolitan area with 2012 data – two years newer than what was originally published – and compare it to the peer markets selected for the 2014 Regional Report.

LOWELL, Mass. -- Gov. Charlie Baker today announced a $4 million dollar grant from the Massachusetts Technology Collaborative (“MassTech”) to UMass Lowell to support development of a printed and flexible electronics industry cluster, an emerging field that has the potential to become a $76 billion global market in the next decade.

Godwin Xerri, Malta Independent -- According to a study published by Policy Research Corporation in 2008, Malta employs 7,600 people in the traditional maritime sectors, 11,000 people in coastal and sea related recreational and tourism and 1,400 persons in fisheries. These three areas make up for 20,000 jobs out of a working population of 190,000 people which represents 10.5% of Malta's work force.

Jonatan Paton -- The importance of clusters and cluster policies has been slowly increasing in the competitiveness context and in regional development models.

The U.S. Cluster Mapping Portal has soft-launched its Region Comparison Tool, which will allow users to directly compare different regions (States, Economic Areas, Metro/Micropolitan Statistical Areas, and Counties) across various clusters and indicators. See below for a walkthrough of the process of creating and saving a custom region comparison.

Lisa Monti, Mississippi Business Journal -- A new study looking at Mississippi’s maritime industries spotlights the importance of shipbuilding, fishing, oceanography and marine technology as a dominant force in the state’s economy. The data show that in the three coastal counties, about 51,000 people – 35 percent of the entire workforce – are employed in so- called blue industries. Ashley Edwards, Susan Veglia and Kevin Buckley compiled the study as part of the Masters of Economic Development Program at the University of Southern Mississippi.

Peter Dizikes, MIT News Office -- Experts have long theorized that having a cluster of firms within a given industry helps a region’s economy grow.

Max Ufberg, Pacific Standard -- Seemingly every American city, from Boston to New Orleans, wants to be “the next Silicon Valley.” This isn’t anything new; it has happened before with industries like film, video games, and alternative energy. Basically, if an industry looks profitable, city (and state) officials will often try to work tirelessly to bring their own municipalities a piece of the financial pie.

On Friday, December 19, 2014, EDA's Regulatory Revision Final Rule appeared in the Federal Register. The new regulations will take effect on January 20, 2015. 

Things to Know: 

Brian Kelsey, CivicAnalytics -- The falling price of oil will compete for economic story of the year in 2014, but what does it mean for economic developers heading into 2015? Most of the attention so far has been paid to oil-producing states like Texas and North Dakota, but for economic developers in non-production states, could lower oil prices create opportunities for leveraging their own competitive advantages?