The objective of the Texas Industry Cluster Initiative is to stimulate long-term sustained growth and focus the allocation of state resources on key industry clusters identified to be engines of job creation and economic development in the 21st century.
"Industry cluster" means a concentration of businesses and industries in a geographic region that are interconnected by the markets they serve, the products they produce, their suppliers, the trade associations to which their employees belong, and the educational institutions from which their employees or prospective employees receive training.
The Texas target industry clusters are:
The Texas Industry Cluster Initiative is building the future economy of the state of Texas by focusing on strengthening competitive advantage through six target industry clusters.
"This cluster initiative is important because for the first time in the history of this state, we will have a coordinated, market-driven economic development strategy that focuses on areas where we have the greatest growth potential and focuses on fostering that potential." – Governor Rick Perry, 2004
The assessment phase of this initiative actively engaged a broad cross-section of over 700 stakeholders throughout the state. Collectively, the findings and recommendations call for strategies to develop a skilled workforce, a competitive education system, and an effective commercialization process for products and technology supported by a highly efficient supply chain.
For the full reports from the 2005 Texas Industry Cluster Initiative, visit the Economic Development & Tourism – The Texas Economy page on the Governor’s website.