An analysis of a potential cluster in an energy sector of Albany, NY

Abstract

Purpose

The idea of business clusters is used more and more in public policy as businesses and governments are noticing their advantages. The purpose of this study was to determine if a business cluster would be possible in an energy sector of Albany, New York, since energy is so diverse.

Design/methodology/approach

The method utilized for this research was a case study approach, whereby data were accumulated through first hand knowledge in a particular study done on a potential cluster in Albany, New York. The aim of the literature review was to decipher which elements would be necessary to develop a cluster.

Findings

The findings concluded that the basic elements of a cluster consist of: geography, the role of government, entrepreneurship, SME's, trust, cooperation and networking. All are necessary for a cluster to succeed. The researcher documented the birth of the cluster by attending several meetings and a trade show. Interviews were conducted with the leaders who were involved in the cluster, which included government, educational and business officials. The results concluded that most of the elements were present in the Albany area to develop a cluster, and therefore the cluster could be possible.

Research limitations/implications

Clusters can take years before they are successful, and this study was not nearly long enough to determine this. Further research will be needed to determine if the cluster could be fully operational.

Originality/value

This study is valuable because it offers a model for future clusters to follow. It is original in nature as there have never been any studies done on this particular topic; especially in an energy sector of Albany, New York. It also serves as foundational and historical evidence for future research.

Citation

Frisillo, D. (2007), "An analysis of a potential cluster in an energy sector of Albany, NY", Journal of Business & Industrial Marketing, Vol. 22 No. 7, pp. 508-516. https://doi.org/10.1108/08858620710828872