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2021-12-13 GC Agenda - Item 9 - Attachment 1 - Draft Economic Development Strategy 2021-2030

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“Innovation industries bring good jobs and high salaries to communities
where they cluster and their impact on the local economy is much
deeper than their direct effect. Attracting a scientist or software engineer
triggers a multiplier effect, increasing employment and salaries for those
that provide local services. In essence, a high tech job is more than a
job... research shows for each high tech job, five additional jobs are
created outside the high tech sector.”
Source: Enrico Moretti (2012) The new geography of jobs.
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