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New ideas represented in new products, processes, services and industries, are the only sources of sustained, significant profits. Prosperity ultimately comes from selling things that people want at the highest possible prices. Innovation is the most assured way to do this. Technology industries often grow twice as fast as that for other manufactured goods. The people who work in these industries have higher than normal wages. Furthermore, the rate of financial return on basic science investment is many times compared to other investments. No wonder that the Milken Institute has said that “that high tech was the biggest single factor in explaining why some communities recorded exceptional growth.”[1]
[1] North America’s High Tech Economy: The Geography of Knowledge-based Industries,
the Milken Institute, http://www.milkeninstitute.org/pdf/NAHTweb.pdf.
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A Conversation on Southern Energy—The 2009 Report on the Future of the South— PDF Available Focusing on the current and future role of energy in Southern economic development, A Conversation on Southern Energy is full of regional and individual state data about existing and alternative energy sources. The report also includes regional recommendations necessary for the South to participate in the future energy economy. Southern Growth, in conjunction with its Southeast Agriculture and Forestry Energy Resources Alliance, will continue to work on implementation of the recommendations. For more information, contact Scott Doron at sdoron@southern.org. Thursday, Dec. 3. In June 2009, the Pew Center on the States released a state-by-state analysis that estimates the number of jobs in the Clean Energy Economy from 1998 to 2007 and found that jobs in the clean energy economy grew at a faster rate than all jobs combined. This webinar presented by Southern Growth Policies Board will feature Kil Huh, Director of Research at the Pew Center on the States. Huh will discuss the results of the report in terms of the findings, implications, and opportunities for the South. Read more about Southern Growth’s webinars. |
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