Posted
2:41 PM
by Gene
A PANACEA FOR OUR ECONOMY:Northeast Ohio is among a growing number of regions that are combating the loss of traditional factory jobs by developing industry clusters in fields such as biomedicine [government support, check]
, renewable energy [check]
and aerospace [check]
. Besides medical devices, the Cleveland area — a more than century-old stronghold for auto, rubber and glass making — aims to carve out niches in clean energy [check]
and flexible electronics [since it sounds weird -- check]
.Wow! A 1.000 BATTING AVERAGE!
Now, the federal government is stepping in. President Obama's fiscal 2012 budget proposes a competition to identify 20 potential clusters that would receive a share of $2.5 billion in financial incentives. A separate program involving 16 U.S. agencies aims to advance existing industry hubs. With a report Friday showing job growth slowing, officials say funding for innovation is needed to expand payrolls.CHECKS!