At SSTI, we believe that sound policy and effective programs depend on a clear understanding of what works and why. Our Recent Research articles distill new academic studies, evaluations, and data analyses that shed light on the forces shaping technology-based economic development. By translating complex findings into accessible insights, we help practitioners, policymakers, and partners apply the latest evidence to strengthen their own innovation, entrepreneurship, and workforce strategies.

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Cluster Allow for "Job Creation on a Budget," Finds Report

With the fears of rising state deficits and high unemployment, states must make tough decisions regarding their economic development efforts in the coming years. Researchers at the Brookings Institute contend that states should focus on regional economic clusters because it provides a "low-cost means" to reignite innovation, entrepreneurship and job creation. "Organic" job growth should be the focus of state economic development, according to the report — Job Creation on a Budget. The researchers say, "Some 95 percent of all job gains in a year in an average state come from the expansion of existing businesses or the birth of new establishments (i.e., organic factors of job growth)." These efforts also take significantly smaller financial commitments by the state and provide a more streamlined approach to achieve meaningful job growth than other more conventional economic development efforts.

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