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Economic Development Quarterly
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Homegrown Solutions: Fostering Cluster Formation

Maryann P. Feldman

University of Toronto

Johanna L. Francis

Johns Hopkins University

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.

Key Words: industry clusters • entrepreneurship • high-tech industrial development • regional growth

Economic Development Quarterly, Vol. 18, No. 2, 127-137 (2004)
DOI: 10.1177/0891242403262556
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