High-tech industries are helping shape the new economy and making states and local governments rethink economic development strategies, partly because high-tech firms can locate almost anywhere and are motivated by quality of life and workforce issues.

Question

Quizplus · Accepted Answer

High-tech industries are less tied to traditional factors like raw materials and proximity to transportation hubs, focusing more on the availability of a skilled workforce and a high quality of life, which influences economic development strategies.

High-Tech Industries Are Helping Shape the New Economy and Making