Clusters and Competitiveness: A New Federal Role for Stimulating Regional Economics

Abstract

America’s Challenge Due to rising global competition, the nation’s capacity for generating stable, well-paying jobs for a large number of U.S. workers is increasingly at risk. In this environment, regional industry clusters represent a valuable source of needed innovation, knowledge transfer, and improved productivity. For that reason, the public sector around the world has launched numerous programs to catalyze growthproducing collaboration in key industry clusters. However, this nation’s network of cluster initiatives remains thin and uneven. As a result, many U.S. industry clusters are not as competitive as they could be, to the detriment of the nation’s capacity to sustain well-paying jobs.

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