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What are “clusters of technology-related businesses” and “clusters of industrial activity”?

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What are “clusters of technology-related businesses” and “clusters of industrial activity”?

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These phrases refer to geographic concentrations of competitive industries with common technologies, buy-sell relationships, common labor pools, etc. The cluster provides that industry with a competitive advantage. It is made of a variety of companies sharing a technology base, labor pool, or other strategic relationship. Growth of these clusters will bring a critical mass to each industry in Maine, thereby providing a competitive advantage.

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