In developing strategies for economic development, state governments must target base industries that bring income into the state and drive the rest of the economy. This article presents a case study of industry analysis and development strategy for Massachusetts, focusing on the state's base industries. Particular attention is paid to the role of industry clusters — groups of industries linked through customer, supplier, or other relationships, and typically concentrated geographically as well. After assessing strengths and weaknesses of the state's economy, the author concludes that despite the current severe recession, the state possesses the basis for renewed growth. Policy implications for the state government are summarized.
"State Strategy for Developing Base Industries: A Massachusetts Case Study,"
New England Journal of Public Policy:
1, Article 5.
Available at: http://scholarworks.umb.edu/nejpp/vol9/iss1/5