Beyond Clustering

For much of the past decade, local economic development officials-and the real estate interests who follow them-have spent many thousands of dollars to look for what has been called high-tech "clustering"...a concentration pattern, with one set of companies and industries luring business to a particular place... Yet, even in the heart of Silicon Valley, there is growing sentiment that argues against the clustering thesis... Instead, this new trend augurs something far more profound -- the shifting of top-end tech jobs to peripheral areas... The real critical issue for site selection, in the new paradigm...lies in finding and retaining talent.

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