Trends in Town-Gown Collaboration

Posted ago by Tim Hindes

Trending-Town-GownToday’s economy elevates the value of higher education institutions to the highest degree of public awareness ever demonstrated. Higher education institutions impact their community in a host of very obvious ways, such as:

  • Supporting the development of 21st century talent armed with skills to drive modern business;
  • Employing a range of professionals in a sector often recognized as the largest in many small communities;
  • and Initiating research and development initiatives supporting the advancement of technology and improved economic performance.

These examples speak to the common ways nearly every institution engages. Yet, what does it mean for a campus to be truly connected to its community?

National Fourth Economy Community Index Lists Top Ten Large-Sized Counties

Posted ago by Fourth Economy

141204-FECIndex

Fourth Economy Consulting announces the latest release of its national community index, listing top counties from across the nation. The Fourth Economy Index highlights those communities ideally positioned to attract modern investment and managed economic growth within the fourth economy.

PITTSBURGH, PA – The latest edition of the Fourth Economy Community Index was announced today, recognizing the top ten large-sized Fourth Economy Communities. These communities—with populations between 150,000 and 499,999—were selected because they represent regions that are poised to achieve sustainable economic growth while attracting people and investment.


Working as a Freelancer

Posted ago by Susan Fisher

Freelance-Worker-DeskMore Americans are becoming freelancers, and enjoying the freedom of working independently and making their own decisions. Various studies predict that over 40 percent of the American workforce will be freelancing by 2020. Freelancing is what the “American Dream” is all about for many people. Basically, anything you might consider doing in your own business, you can do on a freelance basis under your own name.  Freelancers can be asked to do just about any kind of work you could imagine with no expectation of a permanent or long-term relationship with a single employer.

WIA to WIOA – What It Means for Economic Developers

Posted ago by Fourth Economy

The following guest post is provided by Thomas P. Miller and Associates, a national workforce development consulting firm and partner with Fourth Economy Consulting on numerous projects to align workforce and economic development.

Workforce---WIOA-WIAThe Workforce Innovation and Opportunity Act, or WIOA, was passed in July 2014 to reauthorize Congress to fund federal workforce and job training programs from 2015-2020. It is the first major workforce development legislation in over 15 years and replaces the Workforce Investment Act of 1998, or WIA.

Through WIOA, the U.S. Department of Labor is focusing its efforts on better aligning federal funding with the in-demand skills required by business and industry. States are required to identify workforce/economic development regions and coordinate planning efforts and service delivery strategies.

Water Economy Network to Host National EPA Water Technology Innovation Cluster Leaders Meeting

Posted ago by Jason Bernard

Watter-EPAFourth Economy continues to be involved in developing and implementing cluster strategies that move beyond the data, focusing more on tangible marketing opportunities for regions across the country.  Once identified, regions can bring together common industry partners to solve challenges and help grow their respective markets – all of which helps to distinguish and add value to a particular region or community.

Fourth Economy’s Reading List

Posted ago by Fourth Economy

Fourth-Economy-Reading-ListEvery time Fourth Economy brings on a new team member, we like to share a list of newsletters and resources to which we subscribe so they can quickly immerse themselves in our world. We thought we’d share our list with you too, so that you can get to know us a little better!

Energy and Beyond: Fargo-Moorhead Powers On

Posted ago by Steve McKnight

Fargo-EnergyThe Fargo, North Dakota and Moorhead, Minnesota Metro Statistical Area (MSA) has received numerous accolades in recent years. Among them #2 overall among mid-sized metros by Area Development Leading Locations, #2 in Forbes Best Small Places for Business and Careers, #5 Milken Institute Best Performing Cities Index and #3 Fastest Growing Cities by NerdWallet.com.

Pittsburgh’s Next Opportunity

Posted ago by Rich Overmoyer

Pittsburghs-Next-OpportunityComeback City. Best Place to Live. Best to Visit…It’s a good feeling when your hometown receives so much attention. Living in Pittsburgh inspires a sense of pride and as I travel around the country, I am always happy to tell people about the highlights of our region’s transformation. That travel though has also opened my eyes to the fact that we are not doing enough to retain those titles. There are issues in our community, our economy and our civic and social infrastructure that must be addressed if we want to wear the badge of pride into the next decade.

It’s all About that Base: Baseline Data, Energy Planning, & Economic Development

Posted ago by Tim Hindes

P32-Energy-BaselineIt’s no secret that the best strategic plans are based on qualitative and quantitative analysis, using this information to determine the best allocation of resources to pursue growth and change.  Too often, strategic planning processes “jump right in” and do not take the time to fully understand and quantify current and expected conditions. Change cannot be measured without first analyzing existing conditions to establish a baseline dataset from which change can be measured. This approach also applies to regional energy planning. As regions consider energy in relation to economic development planning, there are direct correlations to the impact energy has on people, place, and ideas. Establishing a regional energy baseline must be the first step before tactical planning can occur.

Additionally, energy planning is an often-ignored element in developing regional economic development strategies. Energy is a universal business itself, however it also impacts every single industry and business within a region. Energy directly impacts the health of people across a region, and is a critical element to regional success. How can economic development planning occur without energy planning?

Preparing your Local Economy for Climate Change

Posted ago by Chelsea Burket

Climate-Change-&-Economic-DevelopmentMany state governments have devoted a great deal of resources over the past decade to mitigating and responding to climate change through energy and urban planning related efforts. Planners and energy experts are fluent in the language of sustainability, adaptation, resiliency, and mitigation. But ask an economic development official what climate change means to them and it’s possible that they can barely utter the word. Many in the business community have feared that climate change will simply mean more costly equipment upgrades to reduce greenhouse gas emissions. In too many communities, time is still spent debating the veracity of climate science instead of recognizing the impacts already occurring. Economic development officials have a responsibility to help businesses understand the greater implications of climate change – how they can protect themselves from the effects of climate change; how they could develop new products or services in response to climate change; and how they should prepare themselves to recover from climate-related events.