TECHNOPOLE

'Technopole' refers to a center of high-tech manufacturing and information-based quaternary industry.
These may be developed by the private sector or by the co-operation or partnership between the public and private sectors. Governments of all levels promote them as a panacea for economies hurt by economic restructuring. Large corporations and small business locate in technopoles. Networking between other firms is important and made possible by technological advances.
Factors important to investors include:

★ Good buildings and building sites

★ An attractive environmental setting

★ Excellent highway access and proximity to an international airport

★ Excellent international tele-communication facilities

★ Good quality housing for managers and,

★ Easy access to a substantial pool of well trained and motivated labour
The aim is to create new industrial jobs to replace jobs lost from old industries that are contracting. However, re-industrialisation using these sorts of industries creates fewer jobs than are lost.