Saturday, March 15, 2025

Understanding the Patterns of Local and Regional Growth (economic cluster research)

My research focuses on economic rapid transactional development that in part considers factors like finance, technology, investors, taxes, civics, transference of ideas (speech), so on and so forth as input factors. Reading about others research and ideas creates new ideas and helps further knowledge. 

This piece was a few years ago but did bring forward three points about regional development.

Understanding Patterns in U.S. Regional Economic Growth

1. Technology and incomes rose in some places.

2. Decline of manufacturing and rise of technology have change which locations grew.

3. Housing availability impacts growth.

Thoughts are that technology, and manufacturing should develop together to create maximum wealth, human capital that feeds skilled innovative labor, and housing (including quality of life) impacts resource/talent draw.

I write about a lot of places but do like Escanaba because one can better understand the input factors. Also, the people are really great and care about their community. It is also possible to see the impact of ideas in action that can impact other parts of the UP if they work out well.

Just in case your wondering, I'm proof reading my book but think I need to add a chapter on why various stakeholders would collaborate for mutual community-industry development.

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