"The local engineering talent is going to coalesce in these centers and access cutting edge technologies that would push its competitiveness to global levels," he said.

She said sales promotion should only be valid if it manages to coalesce into effective brand-building that's going to exert a long-term business impact.

Former New York mayor Mike Bloomberg dropped out of the race Wednesday and endorsed Biden, suggesting that Democrats may coalesce around a more business-friendly candidate and reject the progressives led by Sanders, who calls himself a democratic socialist.