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Here's a good commentary from Northern Colorado. The author does a good job summarizing how the dynamics of economic development have shifted and why innovation and regional collaboration iare so critically important.
In the face of growing global competition, the only sustainable advantage for U.S. regions will be continuous innovation, according to research conducted by the Council on Competitiveness.
Innovation is the process by which individuals, companies, regions and even entire countries remake themselves in the face of changing markets.
It is the driver of productivity growth and, ultimately, of a rising standard of living.
For more than a decade, reputable organizations have studied how regions become more innovative, thus poised to be globally competitive. They share the belief that an economy is no longer defined by the political boundaries of a city, county or state.
This regional concept promotes partnerships among key community players, including K-12 districts, community colleges, universities, lifelong learning centers, regional primary employers, work force centers and economic development organizations.
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