The word cluster can spur a wide array of ideas and images – not all appropriate for public consumption. Nevertheless, these ideas all have to do with bringing things together, some loose amalgamation of related objects. Effective clustering speaks to bringing them together in a thoughtful and interconnected way so that it all seems to work. In other words, all the individual components benefit so that the whole is greater than the sum of its parts.
Try applying that cluster concept to economic development. Imagine a group of companies involved in a particular segment of an industry. Add to that entities such as universities and research organizations as well as government, funding and economic development bodies.
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Author: Rebecca O. Bagley
