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POLICY 57

Cluster Strategy: Promote business clusters using through focusing resources and regulatory policies toward developing and retaining businesses in a number of discrete sectors that demonstrate opportunity to advance City goals and enhance the region’s economic strength.

The larger Twin Cities has a competitive advantage with its concentration of industry sectors that have demonstrated significant growth in recent years compared with the nation as a whole. Understanding the needs of these industries and ensuring they have the resources to continue growing is important to supporting a vibrant local and regional economy.

ACTION STEPS

The City will seek to accomplish the following action steps to promote business clusters using through focusing resources and regulatory policies toward developing and retaining businesses in a number of discrete sectors that demonstrate opportunity to advance City goals and enhance the region’s economic strength.

  1. Support and collaborate on a regional cluster strategy and continue to identify and promote Minneapolis-specific opportunities.
  2. Regularly analyze strategies, tools and other interventions to support clusters.
  3. Identify and support the built environment needs of clusters, including site assembly, clearance and redevelopment.
  4. Identify, build, and maintain human skills and networks that support business clusters.
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