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Harvard Business School U.S. Economic Development Administration

cluster oil and gas production and transportation

CivicAnalytics: What do falling oil prices mean for economic developers?

Brian Kelsey, CivicAnalytics -- The falling price of oil will compete for economic story of the year in 2014, but what does it mean for economic developers heading into 2015? Most of the attention so far has been paid to oil-producing states like Texas and North Dakota, but for economic developers in non-production states, could lower oil prices create opportunities for leveraging their own competitive advantages?

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The U.S. Cluster Mapping Project is led by Professor Michael E. Porter at the Institute for Strategy and Competitiveness, Harvard Business School.

This project is funded by the U.S. Department of Commerce, Economic Development Administration.