Industry Clusters

Industry clusters are geographic concentrations of interconnected businesses, suppliers, and institutions within a specific field. For example, tech companies, universities, and startups may all be located in Silicon Valley. These clusters foster collaboration, innovation, and efficiency, as companies benefit from shared resources, talent, and knowledge. By being close to one another, businesses can exchange ideas, attract skilled workers, and become more competitive. Overall, industry clusters enhance economic growth and help regions thrive by creating a supportive environment for businesses in related industries.