Cluster Science

14 Sep

In terms of economic development, Los Angeles has a lot of elements working in its favor. So why isn’t L.A. doing as well as its counterparts when it comes to building new, viable industry clusters? The area’s emerging biomedical, technology, and clean technology sectors may provide some teachable moments for a region that’s still sorting out how to attract and retain business.

Here’s what Los Angeles has going for it: a strong concentration of research power, an established network of investors, a culture that supports entrepreneurship, and a population that avidly adopts new technology. The region is home to the nation’s largest manufacturing base and local leaders are keen to attract and grow industry clusters that are well-suited to the region. And, in spite of the high cost of living, Los Angeles is still a desirable place to live.

Yet we’re lagging behind the competition. The following case studies look at what we can learn from the region’s biomedical, clean technology, and technology sectors.

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