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Regional Statistics <br />U.S. Metro Economies <br />U.S. Metro Economies; Gross Metropolitan Product with Housing Update, January 2007 <br />• A key <br />success behind <br />the economic <br />development of metro <br />areas <br />is the <br />proximity <br />of <br />businesses <br />and <br />skilled <br />labor. The <br />synergy provided by <br />- labor, <br />- extensive business networks, <br />- cutting edge research at institutes of higher learning, that <br />- attracts both capital and entrepreneurs to metro areas. <br />• Metro areas are at the center of the development of new <br />technologies, such as nanotechnology or biotechnology, and <br />play a major role in shaping the future economic <br />development. <br />