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Homegrown Solutions: Fostering Cluster Formation

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  • Maryann P. Feldman
  • Johanna L. Francis

Abstract

The 1980s ushered in a new era in technology and economic development policy as a result of increasing competitive pressure. Start-up companies built around commercializing new technologies developed in public or private labs were seen as a means to reinvigorate economies and renew industrial competitiveness in high-technology fields. This article considers the perspective of the small innovative firm and the question of what small technology-intensive firms want from state economic development programs. Drawing on a review of the literature and a series of case studies of cluster development, this article presents a set of stylized facts and policy recommendations.

Suggested Citation

  • Maryann P. Feldman & Johanna L. Francis, 2004. "Homegrown Solutions: Fostering Cluster Formation," Economic Development Quarterly, , vol. 18(2), pages 127-137, May.
    • Handle: RePEc:sae:ecdequ:v:18:y:2004:i:2:p:127-137
    DOI: 10.1177/0891242403262556
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