Recent issue of MassBenchmarks available
The 2006 Volume 8 Issue 2 of MassBenchmarks provides an overview of the state of the Commonwealth’s economy, as well as feature articles highlighting the Pioneer Valley region. UMass Boston professor Alan Clayton-Matthews reports that the pace of economic growth in the state has increased significantly in the last year, reflecting improved global markets for information technology equipment.
Nevertheless, the outlook for continued growth is unclear due to a number of factors. UMass Amherst professor Robert Nakosteen discusses ongoing economic revitalization efforts in the Pioneer Valley, once a national manufacturing hub. The region seeks to build on a focused base of high end and precision manufacturing, in addition to other innovation clusters fueled by its academic institutions and the medical and health care industries. In a related article, author Tim Brennan outlines the region’s strategy for building physical, institutional, and social networks to leverage growth.
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August 30, 2006