Tag Archives: The Brookings Institution

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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Knoxville fares well in Brookings report

The nation’s economic recovery is “running out of steam,” but Knoxville is doing better than most other metropolitan markets when it comes to job creation and production, according to study released this week by The Brookings Institution.

Knoxville was one of only 19 metro areas that saw faster output growth in the second quarter than in the first quarter, Brookings reports in the quarterly MetroMonitor, which analyzes the health of the nation’s 100 largest metro economies.

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