Brookings Mountain West presents "Advancing America's Advanced Industries: State by State, Region by Region" a talk by Mark Muro, senior fellow and policy director, Metropolitan Policy Program.
With the U.S. economy still flat, economic experts and leaders continue to search for the next source of U.S. and regional growth. One key component of the next era of prosperity can be projected: It is what the Brookings Metropolitan Policy Program and its associates at McKinsey & Co. call the advanced industry (AI) sector. The nation’s most strategic R&D - and STEM worker intensive industries, AIs like aerospace and IT are prime movers of regional and national prosperity, because they are key sources of technology innovation and generate domestic and international exports. Accordingly, the AI swatch of 23 discrete industries has emerged as an important new topic in economic discussions. In keeping with that, this lecture will introduce and describe the AI sector, review its strategic importance for states and regions, and consider the kinds of public strategies that can expand it. Along with national data, the talk will describe the AI sector in Southern Nevada and consider potential development strategies for the region.