Innovation Clusters Create Competitive Communities

By Jonathan Sallet and Ed Paisley | September 22, 2009

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President Obama’s call for a national innovation policy to spur sustainable economic growth and job creation contains an important new idea—community leadership is a critical component of our nation’s economic strength that the federal government must actively cultivate. The president and his team recognize that when dynamic local businesses (large and small) actively engage with nearby universities and research institutions, community colleges and workforce training programs, local financial institutions and venture capital investors, the result is broad-based, innovation-led regional economic growth that will power our country in the 21st century.

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