Download or read book Assessing a City's Potential in Attracting High-tech Firms written by and published by . This book was released on 2005 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: High tech industry plays a significant role in the economic growth of any city. Cities compete against each other for attracting such high-tech industries. Everyone wants it, but not everyone can get it. After all, there will be some winners and some losers. The consequences of this scenario for unsuccessful cities raise some issues that should be a concern for planners and policy makers. How can a city determine whether is should pursue tech-based economic development, if at all, before investing critical resources. The goal of this study is to help cities assess their potential for attracting hightech industries. A city needs to compare its attributes with specific requirements of High-Tech industry to find its strengths and weaknesses, most of which depend on the geographical location of any city. For this evaluation, knowledge of all the factors which contribute to attract high-tech industry is necessary. Such knowledge would then help a city to prioritize the future development goals and objectives. This study involves collection of factors which attract high-tech industry based on prior research and literature review. The collected factors are then ranked based on expert opinions. In addition, a set of hypotheses are formulated for these factors stating their contribution in attracting high-tech industry. A correlation analysis is conducted to determine the strength of relationship with high-tech status of cities. The results are used to summarize characteristics of high-tech cities. Additionally, the results are tested against the set of hypotheses to determine if the literature findings are supported by statistical tests or not. These findings are used to evaluate the significance of various factors for attracting high-tech industry and the extent to which they influence high-tech industry locations.