Industry Clusters make so much sense. Working with Industry Cluster data makes sense too – however, getting companies in your location to define the specific industry clusters they are in is challenging. Many companies define themselves in terms of which one or two NAICS codes best represent what they do, but that is hardly enough.
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.
5G is here now – at least in some places – and its impact on industry clusters will be intense. 5G rollout plans by AT&T, Sprint and others will have a dramatic effect on which geographic areas are at a technology advantage versus those that are at a clear disadvantage. 5G services impact IoT, AR, VR, Big Data, and other internet platform and cloud technologies that, in turn, will impact most every industry. At Industry Building Blocks (IBB) we estimate that 5G technologies will significantly impact at least 7,000 of the top 20,000 global industries.
Since our 1st Industry Summit on Nov 28, 2018 which introduced the concept of Industry Clusters (to a sold-out crowd which gave rave reviews) the Southern Tier has moved to an industry-cluster mindset. Many people felt it was the best government-run conference ever because the industry clusters crossed political and jurisdictional boundaries and brought together many city, county and multi-county organizations that were rarely aligned with themselves or the objectives of the private sector companies.
SSTI’s annual conference engages those involved in the innovation economy in a dynamic exploration of the advances and challenges facing our community. Gather with your peers to help build solutions in the face of uncertain funding and other roadblocks, and to share practices that strengthen science, tech, innovation, and entrepreneurship. Find out more here.
National prosperity is created, not inherited. It does not grow out of a country's natural endowments, its labor pool, its interest rates, or its currency's value, as classical economics insists.
A nation's competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against the world's best competitors because of pressure and challenge. They benefit from having strong domestic rivals, aggressive home-based suppliers, and demanding local customers.
Clusters are geographic concentrations of industries related by knowledge, skills, inputs, demand, and/or other linkages. A growing body of empirical literature has shown the positive impact of clusters on regional and industry performance, including job creation, patenting, and new business formation. There is an increasing need for cluster-based data to support research, facilitate comparisons of clusters across regions, and support policymakers and practitioners in defining regional strategies.
National prosperity is created, not inherited. It does not grow out of a country's natural endowments, its labor pool, its interest rates, or its currency's value, as classical economics insists.
A nation's competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against the world's best competitors because of pressure and challenge. They benefit from having strong domestic rivals, aggressive home-based suppliers, and demanding local customers.
This Policy and Impact Study by the Humphrey School of Public Affairs, State and Local Policy Program at the University of Minnesota is the second in a series of four developed as part of the U.S. Cluster Mapping Project, an effort supported by the U.S. Economic Development Administration. The report illustrates how Minneapolis-St. Paul (MSP) has benefited from applying a cluster approach as a conceptual framework for diagnosing the regional economy and as a platform for joint action to address the challenges identified.
Insights for City Leaders from Four Case Studies in the U.S.
Each of the case studies highlighted in this report offers actionable insights to help city leaders galvanize their cluster building efforts. They represent unique insights for the two types of cluster growth models that exist in the U.S.—cluster initiatives and cluster-oriented economic development plans—in different contexts. For city leaders designing new cluster growth strategies, we also offer a set of six general recommendations to ensure the strategies will maximize economic growth.
The MetroHartford Alliance is an investor-based economic development partnership focused on business development and growth, retaining and attracting jobs and talent in targeted sectors of insurance financial services, aerospace defense, health sector, advanced manufacturing, logistics and broadcast media. We are focused on ensuring a strong urban core, and promoting the Hartford Region.
Gene Goddard, Chief Business Investment Officer
Location
31 Pratt Street 5th Floor Hartford, CT06103 United States
Industry Building Blocks (IBB) is the FIRST and only company to provide granular industry information for the top 20,000 global industries used to analyze: [1] Companies; [3] Market Areas; [3] Industries; [4] Clusters.
Location
28 Vestal Avenue 28 Vestal Avenue Binghamton, NY13903 United States
The Greater Richmond Partnership, Inc. (GRP) is the lead regional economic development organization for the City of Richmond and counties of Chesterfield, Hanover and Henrico in Virginia. GRP attracts new companies to the region by providing in-depth market data, marketing the region globally and generating quality economic opportunities. Learn more at www.grpva.com.
Location
901 E. Byrd Street Suite 801 Richmond, VA23219 United States
