When we think of common business trends, location is hard to ignore. Movies in Hollywood, technology in Seoul, oil in Calgary—these places are practically defined by the industries that have formed there. It’s often unthinkable to imagine those areas in any other light besides what economies are based out of them.
There’s a necessity to be hip to this, too. A collection of businesses around a particular location-specific industry means that there is saturation, resources, and/or business interests there that can help companies related to that industry flourish even more, both internally and externally.