We explore the impact of geographically bounded, intra-firm linkages (internal agglomerations) and geographically bounded, inter-firm linkages (external agglomerations) on firms’ location strategies. Using data from the Census Bureau’s Longitudinal Business Database, we analyze the locations of new establishments of biopharmaceutical firms in the U.S. in 1993–2005. We consider all activities in the value chain and allow location choices to vary by R&D, manufacturing, and sales. Our findings suggest that internal agglomerations have a positive impact on location.

Clusters are geographic concentrations of industries related by knowledge, skills, inputs, demand, and/or other linkages. A growing body of empirical literature has shown the positive impact of clusters on regional and industry performance, including job creation, patenting, and new business formation. There is an increasing need for cluster-based data to support research, facilitate comparisons of clusters across regions, and support policymakers and practitioners in defining regional strategies.

The Startup Genome, in partnership with Telefónica Digital, engaged more than 50,000 startups across the world to understand where, outside of the proven testing ground of Silicon Valley, entrepreneurship takes hold. Simultaneous with a global explosion of entrepreneurship has been a burst of new startup ecosystems around the world, and a newfound maturity in others. While Silicon Valley is still the world's largest and most influential start-up ecosystem, flourishing communities in other U.S.

Silicon Valley has long been regarded as the prime breeding ground for high-tech startups, but rapid exchange and commercialization of ideas and technology has recently revealed a number of cities worldwide that have also become successful startup incubators over the past decade. Click on the graphic below for an enlarged look at what makes the top 20 cities so successful. 

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Cleantech researchers, entrepreneurs, investors, corporate executives, and policy-makers across New England are driving economic growth, stimulating creation of new jobs and businesses, and protecting the environment by enabling development of new and innovative clean technologies. A series of recent studies have characterized the economic importance of cleantech at the state level, but there has not been a regional analysis of the cleantech innovation cluster in New England.

In 2013, the United States economy appeared to have at last emerged from the hangover of the Great Recession, with economic indicators picking up across the board and stock markets roaring ahead. For good reason, there is a great deal of optimism regarding economic growth. At the same time, perils lurk and several long-term challenges give cause for economic pessimism.

Researchers have generally found that entrepreneurs are more optimistic and more confident than non-entrepreneurs. While it may help entrepreneurs persevere in the face of potential business failure, we cannot mistake their confidence for always knowing what to do with their business idea. Entrepreneurs in fact seek out mentors and other useful connections to help them succeed throughout the growth of their businesses, particularly at the start.

This presentation presents an overview of the four key initial strategies that clean tech organizations in Los Angeles are taking to create a world-class cleantech hub in LA, and coordinate the region's efforts, resources, stakeholders, and entrepreneurs around cleantech innovation and commercialization.

We quantify agglomeration spillovers by estimating the impact of the opening of a large new manufacturing plant on the total factor productivity (TFP) of incumbent plants in the same county. Articles in the corporate real estate journal Site Selection reveal the county where the "Million Dollar Plant" ultimately chose to locate (the "winning county"), as well as the one or two runner-up counties (the "losing counties"). The incumbent plants in the losing counties are used as a counterfactual for the TFP of incumbent plants in winning counties in the absence of the plant opening.

This paper outlines elements of a conceptual framework that clarifies the role that clusters play relative to government policies and actions of individual companies in supporting the emergence of "High Road" strategies that lead to better New Growth Path–related outcomes. It then focuses on creating a new set of data that can start shedding light on the empirical relevance of this framework. The first main section of the paper draws on a new set of employment and wage data across European clusters.