Tech Based Economic Development

r-and-d-summary

During the last several years, the U.S. economy has been undergoing a dramatic transformation as the nation moves to an economy driven by technology—through the creation of new industries and the application of technology in traditional industries. Competing in a global economy, regions must have an economic base composed of firms that constantly innovate and maximize the use of technology in the workplace. Technology-based economic development is the approach used to help create a climate where that new economic base can thrive.