Industry clusters are geographically specific groupings of inter-connected companies (specialized suppliers, service providers and support institutions) which, by locating near each other, increase their productivity, accelerate innovation, and stimulate new business formation. In the broader sense, clusters also include all of the elements of the economy that contribute to the success of the companies: education and workforce training providers; governmental regulators; financial service companies; research and development organizations; labor organizations; and even community groups.
