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Brookings report: clusters good for the economy

Governors looking to boost job creation in their states should cultivate industry clusters that 112510switchgrass25_mc14132.jpgfocus on existing businesses and home-grown start-ups, says a Brookings Institution report released on Wednesday.

Old economic development strategies — tax credits, research and development, training programs, and physical infrastructure — won’t by themselves get it done in today’s post-recession environment, according to the report, Job Creation on a Budget.

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