NorTech

Why Clusters Matter

As defined by The Brookings Institution, clusters are "geographic concentrations of interconnected businesses, suppliers, service providers, and associated institutions in a particular sector."

The development of regional innovation clusters is important to diversify Northeast Ohio’s economy in order to:

  • Transition from unemployment or underemployment to high-skill jobs
  • Create new, higher wage job opportunities
  • Develop regional business opportunities that are less susceptible to off-shoring
  • Engage and stabilize diverse communities by re-purposing idle assets and human capital
  • Manufacture products in region for export to other markets, driving revenue back to the region.

Regional-Innovation-Cluster_chain