Long Beach, California: Defense Conversion and Incubator/Technology Park
(1995-96)
Professional with ETG (then a unit of DRI/McGraw-Hill) were asked by California State University Long Beach to develop a conversion strategy for the Cabrillo Navy base. The approach used here was to analyze the surrounding industry clusters in Long Beach and Los Angeles and determine their status, growth and requirements for expansion in the region, then use their requirements to shape a research and technology park complex that would leverage the core competencies of the University. The project provided an economic rationale and design for development of the converted base facilities to new uses. This plan is now being implemented, and ETG went on to design components of the park being developed. In addition, ETG developed the first cluster analysis of the City of Long Beach, and demonstrated how their cluster structure sets the stage for future economic development investments. In a follow-up study with Long Beach we are helped to design a demand-driven regional business incubator that utilized ETG’s approach of avoiding “physical” incubators when not necessary and emphasizing “virtual” incubators wherever possible to accelerate enterprise formation by overcoming market gaps in business services, market information, technology “downstreaming”, production partnerships and financing.