June 8, 2007
Issues Facing Investment and Finance in the Development of Industrial SME Micro Clusters.
With reference to ************* brief dated June 1, 2007, the following statement was made:
"One of the issues not yet addressed in cluster development is access to appropriate financial resources necessary in the development of an industrial cluster of SMEs. Access to adequate patient capital and operating liquidity are ongoing concerns for small business and are considered the primary obstacle for cluster development by our clients.
If strategies for economic diversity using the cluster model are to be successful, the investors and financing institutions should be engaged early in the development of the cluster model. This will allow investors and financiers to study the nuances of clusters and establish effective practices in advance of cluster development.