The Business of Attracting Industry

The success of such high-technology meccas as California's Silicon Valley, Massachusetts' Route 128 development, and Research Triangle Park, North Carolina, have led other locales to try to attract high-tech industries. Studies show that, for every new high-tech position created, 2 service...

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Bibliographic Details
Published inTechnology review (1998) Vol. 87; no. 4; p. 6
Main Authors Goldman, Marshall I, Stafford, Howard A, Templer, Mark
Format Magazine Article
LanguageEnglish
Published Cambridge Technology Review, Inc 01.05.1984
Subjects
Economic development
Education
Entrepreneurs
Executives
High
High tech industries
Location of industry
Polls & surveys
Pollution control
Regulations
Technology
United States > US
Massachusetts
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Summary:The success of such high-technology meccas as California's Silicon Valley, Massachusetts' Route 128 development, and Research Triangle Park, North Carolina, have led other locales to try to attract high-tech industries. Studies show that, for every new high-tech position created, 2 service jobs are created. Morever, high-tech development enhances and compounds other types of development. A major factor in the concentration of high-tech companies is the presence of major universities to feed the labor force. A variety of other variables important for attracting high-tech companies have been discovered. Surprisingly, though, the severity of local environmental laws has not proved to be particularly important, even for those companies with environmentally sensitive undertakings. Much more important are: 1. availability and cost of labor, 2. nearness to markets, and 3. business climate. A case study of entrepreneurial development around Route 128 near Boston, Massachusetts, is highlighted.
Bibliography:ObjectType-Article-1
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ISSN:1099-274X
2158-9186