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Industry Cluster Funding

Industry clusters are regional concentrations of interconnected industries. The cluster region can be a state, region within a state, county, or metropolitan or micropolitan area. A local cluster region can even be a geographic area within a municipality, such as a restaurant row or warehouse district. Three of the more famous industry clusters in the United States are Hollywood, Manhattan’s Garment District, and Silicon Valley.

Typically, an industry cluster arises when several large corporations in related industries emerge or locate in a particular area, which then attracts other companies in related industries as ...

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