Voters said unequivocally in this year's midterm elections that economic growth and quality jobs are their top concerns. The divided federal government that resulted from those elections seems likely to take incremental but not transformative steps on critical economic issues. In other words, less gridlock but little impact.

So responsibility for action on those issues that most concern voters now shifts to the states (where 36 governors were just elected or re-elected) and to the cities and metro areas within them that drive the nation's economy. Our prediction: Expect governors and local leaders to design and deliver a new kind of economic development that aims to grow advanced industries through investments in platforms, people and places.

What are advanced industries and why should states be so committed to them?

READ MORE

Bruce Katz and Mark Muro | December 15, 2014