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Carroll Area Development Corporation and its partners focus on firms in the industry clusters known as Advanced Manufacturing, Life Sciences, and Information Solutions. In Carroll County, there is a fourth "cluster" of industries: Existing industry partners in Carroll County are considered a cluster because the vast majority of investment and jobs are created in the Carroll area as a result of existing industry.
Life Sciences is a group of industries that includes production agriculture, value-added processing, pharmaceuticals, animal health products, and businesses involved in the application of biological and biochemical sciences to plants, animals, processed foods, and humans. Specialty proteins generated from plants and animals can be used to develop pharmaceuticals, nutraceuticals and nutrition products. Iowa's strengths in animal and plant sciences at the Regents universities and in the private sector point toward the development of these "bio-proteins" as an area of focus. Iowa State University is building a $425 million Plant Sciences Institute to serve as a global center for the study and commercialization of new products from plants, including vaccines; new industrial uses for crops, bio-based fuels, and other innovations.
Advanced Manufacturing is defined as the rapid introduction of new processes, materials and technologies to manufacturing applications. Together, they all benefit from proximity to a community of firms that share knowledge, training, resources and suppliers. This cluster includes metals, machinery, plastics, paper, printing and publishing, instruments and measuring devices, transportation equipment and lumber and wood products industries.
The Information Solutions sector includes businesses involved in insurance, financial services, and information technology. It is widely recognized that the availability and deployment of advanced telecommunications services - high speed Internet access in particular - is critical for businesses to be successful in the New Economy.
Click here to view the executive summary of the Carroll Regional Cluster Analysis.