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Milwaukee 7 has launched an impressive water cluster, based on its strength in providing water to process industries like paper and beer. The region's leaders are looking at their industrial strengths in a new light. They are repositioning their assets by using collaboration.
And that's the important point. Regional economic development strategies should start with a mapping of assets. For an introduction, see the Council on Competitiveness report on mapping regional assets.
But asset mapping is not simply compiling a list. The real value of asset mapping comes when you start to explore connections among assets and what new opportunities these connections create.
Other strengths are emerging in the M7 region. Here's a good review of the regional strengths in battery technology. Read more. In Indiana, we have followed a similar strategy of linking together our industrial assets in new ways. That led us to form the Indiana Energy Systems Network.
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