Investing in activities that support the creation and expansion of high-growth companies and jobs is at the forefront of technology-based economic development (TBED). TBED fosters a climate where new and existing companies that develop technology and continuously innovate will thrive. Understanding the trends that are affecting and influencing TBED can help guide investment priorities for practitioners and policymakers across the nation.
A slow yet stable national economic recovery gave rise to many new initiatives across states and regions with a shift toward targeted and refined investments in the high-tech economy for quicker returns – a continued trend from 2012.