SB 5329 - DIGEST |
(AS OF SENATE 2ND READING 1/20/06) |
Finds that the use of industrial clusters as a descriptive tool can provide a clear understanding of the relationships between firms that drive the local economy. An industry cluster is a group of complementary, competing, and interdependent firms that represent the entire value chain of a broadly defined industry from suppliers to end products, including supporting services and specialized infrastructure. |
Finds that: (1) Cluster-based economic analysis is a tool for understanding industry dynamics; |
(2) The purpose of cluster analysis is to identify those areas of the economy in which a region has or might develop a comparative advantage and to develop short and long-term strategies for growing the regional economy; and |
(3) Using cluster analysis in the development of economic development strategies highlights opportunities for coordination and improvement in areas of mutual concern to firms without threatening or distorting competition |
Declares an intent that the department of community, trade, and economic development use a cluster-based economic analysis in the development and delivery of economic development services in the state. |