Job Creation on a Budget: How Regional Industry Clusters Can Add Jobs, Bolster Entrepreneurship, and Spark Innovation

While conventional strategies of tax credits, training programs, and public infrastructure are crucial for economic development, the cultivation of regional industry clusters offers an innovative strategy for job growth and entrepreneurship. This report explains how these industry clusters operate and recommends policies that state governments can adopt to create new jobs and stimulate local business, including targeted data analysis and state-sponsored grants.