First, the institutional advantage of private economy is a powerful booster for the formation and development of industrial clusters. The establishment of joint-stock cooperative system has greatly improved the concentration of small-scale original capital, and the capital has been organized several times or even ten times at once, thus greatly improving the level of entering the industry and shortening the industrialization process. Private enterprises are flexible in mechanism and sensitive to the market. Under the background that the mechanism of state-owned and collective enterprises was inactive at that time, they had great competitive advantages, thus making up for the disadvantages in technology, talents, brand and marketing. Private enterprises not only survive in the cracks, but also often surpass established state-owned enterprises. For example, Shenyang Shuangxi has always been a leading enterprise in the pressure cooker industry, and Supor is a rising star, which can be used for reference. However, after more than ten years' development, Supor has surpassed Double Happiness and become the leader in the domestic cooker industry. There are many similar examples in Taizhou's leading industries.
Second, creating a comprehensive environment for the development of small enterprises is the main factor to form industrial clusters. Private economy is developed under the impetus of family industry, professional market, private capital and joint-stock cooperative system. These factors work together at the same time, forming a comprehensive environment for the development of small enterprises. The existence of this environment has solved all the problems of small enterprises in capital, raw materials, technology, manufacturing and sales, lowered the threshold for small enterprises to enter the industry, enabled enterprises to expand in a "landing" way, and made the original sense of enterprise clusters form rapidly. Taizhou's regional economic development can catch up with Zhejiang, from the penultimate place to the fourth and fifth place in the province, which is also mainly due to the rapid evolution of this enterprise cluster.
Third, the organization of private capital has led to the rise of capital-intensive industries. After more than 20 years of efforts since the reform and opening up, Taizhou has developed capital-intensive industries such as automobiles, motorcycles, household appliances, sewing equipment, medicine and chemical industry. It is not that the accumulation of individual capital has reached a high level, but that the industrial division of labor has realized the organization and scale of private capital. In other words, supporting enterprises only invest in the intermediate links of the industry, and assembly enterprises only undertake the investment in the production links of the final products, and the industrial links are linked through the market. This industrial division of labor decomposes capital-intensive industries into non-capital-intensive industries, reducing the scale requirements for a single capital. For example, Geely Holding Group invited other private enterprises to join the car project from the beginning, and Geely has become a consortium of many small and medium-sized private enterprises in Zhejiang. Geely's investment in several hundred million parts and equipment was solved by the method of "borrowing chickens to lay eggs". Without state loans, a huge production line was miraculously built in a short time. The same is true of motorcycles, sewing equipment and other industries in Taizhou.
Fourth, the development of private financial institutions is an effective catalyst for the development of industrial clusters. Small and medium-sized enterprises are located at the bottom of industrial clusters, and financing is a worldwide problem. The rapid development of industrial clusters in Taizhou is closely related to the solution of financing problems. In addition to the operation of private funds outside some systems, financial institutions in Taizhou have made great contributions to the support of small and medium-sized enterprises, especially Ginza and Tailong Urban Credit Cooperatives in luqiao district. Taizhou City Commercial Bank was established in March 2002, which is a local joint-stock commercial bank based on the former Luqiao Ginza City Credit Cooperative. The bank takes "partner bank for small and medium-sized enterprises" as the market positioning, strives to give full play to the geographical advantages, popularity advantages and mechanism advantages of local commercial banks, and has won wide recognition from the majority of small and medium-sized enterprises by providing services closest to customers, and is known as "bank attached to customers".
Fifth, the government's industrial policy is a powerful driving force to promote the upgrading of industrial clusters. The development of industrial clusters in Taizhou is mainly the result of the promotion of non-governmental forces, but it is inseparable from the protection, guidance and service of the government. (1) Implement supporting the strong and supporting the excellent, and promote the concentration of factors to advantageous enterprises. A number of key backbone enterprises that are quite competitive in the domestic market have risen rapidly and become the leaders of regional economic development. (2) Building industrial parks to promote industrial agglomeration in advantageous areas. The construction of industrial park not only expands the development space of many family industries, makes the industry management more qualified, but also establishes a platform for the promotion of enterprise informatization. (3) Encourage technological progress and combine the limited regional capital with technology. The government strongly encourages enterprises to carry out technological transformation and increase investment in machinery and equipment, technology and new product development. A large number of enterprises have made a qualitative leap in their technical level and greatly improved their competitiveness.