Earlier this week, U.S. Commerce Secretary Penny Pritzker announced the launch of the U.S. Cluster Mapping and Registry project, a national economic initiative based at Harvard Business School’s Institute for Strategy and Competitiveness and supported by the U.S. Economic Development Administration. EDA is proud to launch this next tool in our economic development arsenal.
The projects EDA funds help communities grow and strengthen their local and regional economies. However, funding without an informed plan can’t drive meaningful economic development. EDA staff gets inquiries daily from different organizations looking for grant information. Every community we speak with has a plan it is developing to spur economic growth and create jobs. Some are more fleshed out that others, but EDA’s advice is always the same: look at the resources in your community and make sure this project fits with the economic strengths of your area. In short, identify your regional clusters.
The U.S. Cluster Map & Registry provides new insights on the role of clusters in driving regional economic outcomes. It looks at the regions whose clusters are denser than average to identify national clusters. Making this cluster data available will assist communities seeking to do economic development, businesses looking to expand, and researchers hoping to better understand regional economic drivers.
Image: Gilles Mingasson