What are Economic Clusters?

Economic clusters are geographic concentrations of firms, workers, and industries that do business with each other and have common needs for talent, technology, and infrastructure. Economic clusters in a region are essentially networks for similar, synergistic, or complementary groups that can engage a particular industrial sector. Often these clusters cross over boundaries of municipalities and counties, making the cluster regionally relevant or impactful.

How does APC utilize economic clusters?

The Acadiana Planning Commission uses economic clusters as a tool to aid in policy creation and strategic planning. When the right policies and plans are in place, our partners can use economic cluster development to recruit companies that will find Acadiana appealing. This is one way APC generates higher-paying jobs and spurs economic growth in the area. 

Have new economic clusters been identified for the region?

Yes, the Acadiana Planning Commission has identified the biopharmaceutical cluster as a possible growth area for this region. Acadiana has all of the ingredients necessary to support growth in the biopharmaceutical manufacturing sector. Organizations looking to expand their R&D and manufacturing can leverage the region's transportation network, access to petrochemicals, agriculture, skilled workforce, and pro-business legislation. The APC and partnering organizations believe that this industry could grow here and are actively securing grants to help make that possible. 

If you would like to learn more about this and other economic cluster opportunities, please contact the APC today.