Set up research facilities instead of trying to pick winners

Another approach that might be considered is that taken many years ago by North Carolina when it set up its Research Triangle Institute Park. It made no attempt to pick winners. Rather, it made land and facilities available in close proximity to its three major universities and developed an administrative structure that encouraged cooperation between the universities and the Institute's tenants. Research Triangle Institute changed the economic face of North Carolina. Oakdale Research Park in Coralville has used a similar approach on a much smaller scale. Even that small-scale effort has been quite beneficial.