In June 2013, the New Orleans Business Alliance (NOLABA) and City of New Orleans unveiled ProsperityNOLA, a five-year economic development plan geared toward fostering a more diverse, sustainable, and prosperous New Orleans economy. A living and actionable roadmap, ProsperityNOLA envisions New Orleans as a competitive city where businesses are eager to invest and grow. It aligns proactive steps for realizing this vision by framing strategies for five of the city's key growth clusters, such as advanced manufacturing and creative digital media.
Clusters are a key element of technology-based economic growth policy aimed at boosting the nation's technology clusters, which are regional concentrations of technology R&D and production, including pools of skilled labor, research facilities, and partnership mechanisms for research and production scale-up. This economic and policy analysis brief from theNational Institute of Standards and Technology, an agency within the U.S.