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New Orleans has always been primarily a commercial centre, with manufacturing playing a secondary role in its economic life.
With manufacturing playing less a role in songs to be sold on the Internet, and thus creating fewer costs for recording companies, "we hope to get a larger portion of the pie," Mr. Murphy said.
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Historically, manufacturing played a unique and vital role in economic development.
Inequality has fallen in countries that rely heavily on exports of commodities, such as Peru, but also in those where manufacturing plays a bigger role, such as Mexico.
Manufacturing plays a small role in the economy; most activity involves processing agricultural products and making clothing and textiles and concrete blocks.
While traditional product planning cycles — designing, engineering, testing and manufacturing — play out, the vehicles sometimes emerge after the market has shifted.
The decline of American manufacturing plays a role here as well, as the sector has historically accounted for 70 percent of job-creating private-sector R & D, often in partnership with start-ups and small suppliers.
Continuous manufacturing plays a key role in enabling the modernization of pharmaceutical manufacturing.
Minimizing the residual stress build-up in metal-based additive manufacturing plays a pivotal role in selecting a particular material and technique for making an industrial part.
Speed, above all, is key in these manufacturing plays.
But there's more than enough cash flowing around this Valley to fund a few risky, expensive manufacturing plays.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com