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The enthusiasm surrounding high-technology (high-tech) indus­ tries is in part a response to the prospect of future employment growth and to the expectation that these industries will form the basis of self-sustaining local/regional economies. Currently, how­ ever, states and communities compete for high-tech employment with only a vague understanding of the forces governing the diffusion of high-tech development. All too often they use scarce public revenues to attract these industries with little assurance of long-run returns on such investment.

Metropolitan High-Technology Industry Growth in the Mid 1970s: Can Everyone Have a Slice of the High-Tech Pie