Tuesday, December 31, 2024

Clusters and Innovation Districts Brookings Institute Analysis (Economic Cluster Development)

Continuing to investigate the concept of cluster development for a model I'm creating and a book I'm writing. This publication by the Brookings Institute has a lot of information within it and it furthers understanding of some of the key pieces that help create a cluster. Of particular interest is the cluster map that helps show the influence of anchor businesses (pg. 23). The criteria in which they mapped are most of the main ones but there could be others as well.

I have used a cluster map like this about 14 years ago in order to understand how gaps in service would be a good place would be to encourage entrepreneurship. For example, let us say that you have a paper industry, and you have a gap in some services so need to hire outside. If the need is sufficient and long enough it does create an opportunity to attract new entrepreneurs. 

The advantage of attracting such clusterable businesses to places like Escanaba and Delta County is that they can create homespun opportunities to find symmetry with anchor businesses that leads to jobs (This is my example town. How you attract business is based on grants, needs, business collaboration, marketing, etc.). If you can find businesses that can feed multiple anchor businesses at once you improve upon the cluster supply network.

Clusters and Innovation Districts: Lessons from the United States Experience.

Bailey, M. & Montabano, N. (2018) Clusters and Innovation Districts: Lessons from the United States Experience. The Brookings Institute. https://www.brookings.edu/wp-content/uploads/2018/05/es_20180508_bailyclustersandinnovation.pdf 

Manufacturing USA: A Third-Party Evaluation of Program Design and Process. (2017) Deloitte Consulting, LLP and Deloitte Services, LP. 

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