Innovation in Economic Development, Ohio MEMS Association 2004 Economic Summit: The Business Case

Edward W. Hill · Patrick Gammons

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Regional Development and Innovation Regional Development and Policy Regional Economic Development and Innovation

Abstract

This presentation outlines the seven principles of economic development and ways to think about innovation in the regional economy. It stresses the need to innovate as a product’s market power and earnings diminish along the product life cycle. The presentation closes with a discussion of the components of a successful regional innovation portfolio.

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