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Tech-Based Economic

Development

tech-ledNations everywhere have recognized that technology is the engine of economic growth. For example, technology accounts for more than half of US economic growth during the last 50 years, and even higher levels in Europe. America’s most prosperous regions and states are home to technology-intensive clusters of innovation, comprised of related companies and supporting organizations. These clusters attract investment and business activity from around the globe.

The Federal government is working to stimulate the formation and growth of these clusters in the United States, through investments at the state, regional and local levels in proof-of-concept and commercialization programs, early-stage seed capital funds, broadband and smart grids, work force skills development, science and research parks, and projects that stimulate advanced manufacturing and the green economy. TechVision21 helped clients win grants to support development of advanced manufacturing and clean energy technology research centers.