| (Illustrative Only-Example for Learning) Jake is a free thinker mixed with a little scientific knowledge. He has explored some new concepts and created some practical solutions for the community cluster that has started to form over the past few years. To Jake he can see ideas in action locally through micro developments that made a slow growth place thriving again through a mini-renaissance. Put it on investor's map for consideration. There are few barriers to innovation here and that makes a difference. Jake sees a bigger picture of how elements interact and can tap those fundamentals in economic and social exchange assumptions. As an example, business that consider working in groups/committees to solve problems shared by participants creating innovation throughout the community. That helps not only their business but also others. The benefits of the community are considered in the decision making process and that fosters social community growth. One might see the fruit of one's labor in the lives of community members in terms of quality of life, jobs, reduction in crime and more opportunity for the young. It is time to start focusing on developing our communities again because that is where home and hearth is located and that is where development impacts lives in ways we can see it. What was presented above is a learning example. You may consider investing in a UP community like Escanaba. The downtown is ripe for start-ups and business participation in growth. Escanaba DDA |
Communities can also boost innovation by embracing the idea of economic clustering, where local businesses collaborate to share infrastructure, lower costs, and support each other’s growth. Clusters create opportunities for joint problem-solving, new startups, and shared efforts such as developing export markets. As an example coordinating industry-government stakeholders to attract start-ups and small business investments that can enhance the whole cluster in measurable ways. When done well, they encourage faster development, lower transaction costs, and a form of creative regeneration that sparks new ideas.
As technologies like AI, robotics, and advanced manufacturing continue to blend with traditional industries, innovation will only grow more critical. The race is on.
End of Year Edition – Despite the Odds, Global R&D Spending Grew Again in 2024, Inching Closer to the USD 3 Trillion Mark