www angeloueconomics com december 2005 global economic development strategy report 2 target industry identification & analysis presented to the city of manchest er nh draft delivered manchester new hampshire prepared by table contents introduction 1 review assessment selection 4 recommendations 19 business financial services 21 software it 28 defense advanced security 34 life sciences medical technology 45 aviation 55 next steps 61 competitive clusters is one key generators regional wealth a cluster develops when businesses in interrelated industries choose locate close proximity take advantage region s inherent advantages these then become interdependent on each other enhance their operating environments and ultimately more landscape this happens experts field they profitable grow faster pay higher wages beyond its traditional low paying such as retail general now has opportunity support several emerging whole supports
