A new report from the Brookings Institution’s Metropolitan Policy Program cites the Central Indiana Corporate Partnership as a successful model of cluster initiatives. The report drew its conclusions from five national case studies, one of which focused on the CICP, and says industry clusters "offer a compelling framework for local and state leaders to analyze and support their economies."
The CICP is a holding company that includes several statewide initiatives focused on different sectors, including AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana, Energy Systems Network, and TechPoint. Joseph Parilla, co-author of the report titled Rethinking Cluster Initiatives, praised the Indianapolis-based organization.
"CICP is the rare organization that is not devoted to a single issue or cluster, but rather has developed the reputation and abilities to seed several well-respected initiatives over time," Parilla said. "It remains one of the most impactful business and civic leadership organizations in the nation, and has become a durable institution because it values professional and technical guidance, continuous assessment and learning, and rapid adaptation, if necessary."
The report discusses five traits of successful cluster initiatives, including:
- Focused on establishing a robust ecosystem, not job gains
- Industry-driven, university-fueled, government-funded
- Placing a collective big bet on a unique opportunity
- Championed by passionate, dedicated leaders
- Anchored by a physical center
"CICP and our six talent and industry sector initiatives are providing both the workshop to develop and then the runway to launch the best collaborative opportunities for our region’s future success,” David Johnson, chief executive officer of the CICP. "We’re honored that Brookings Institution has featured our organization as a success story in their new report."
You can connect to the full report and the case study on the CICP by clicking here.