In the News

We don’t like to brag, but often we find ourselves reading the newspaper when we stumble across our work, or our company name. Here’s a list of some of those articles.

Fourth Economy in the News

The economic development cluster strategy, released in draft form on Wednesday, had been a key recommendation of the Providence Economic Development Task Force in 2014. The report, authored by Pittsburgh-based Fourth Economy Consulting, was discussed generally at a meeting of the Providence City Council.

In a recent issue of the Economic Development Navigator, we covered the basics of How to Run a Successful RFP Process for a Strategic Economic Development Plan. The article proved popular (who would have guessed?) and was picked up and rerun by a number of outlets, including a few local government associations.

Armstrong School District officials are compiling results of a survey, asking taxpayers how they would like to see three former schools in Kittanning and Ford City reused. In addition, officials are planning a public meeting on Nov. 5 at Armstrong Junior-Senior High School in Manor Township to discuss what residents would like to see happen with the former Ford City High School and Kittanning Junior and Kittanning Senior high schools.

Ron Painter and Dr. Jerry Paytas from Fourth Economy Consulting discuss the future of work, the disconnect between the economy and job development, as well as surprising trends that will impact the future of work. Discover how developments in 3D printing and other technological advancements will drastically shift the landscape of job and economic development in the future.

United States Secretary of Commerce Penny Pritzker called for continued support of scientific research and government programs to create innovation-based economic growth in remarks at MIT today. “America should always remain on the cutting edge of the next revolutionary inventions,” Pritzker said in a speech to an audience at MIT’s Koch Institute for Integrative Cancer Research. She added that the U.S. has led the world economically because “innovation is the lifeblood of our economy.” In emphasizing the importance of innovation, Pritzker raised several specific issues of ongoing policy debate: government funding levels for lab research and immigration policies that would, among other things, enable workers in science, technology, engineering, and mathematics (STEM) fields to remain in the U.S.

The district hired Fourth Economy Consulting from Pittsburgh in June to study how the former Ford City High School and Kittanning Junior and Senior high schools could be used now that they are vacant.

Universities impact regional economies. In rural areas where economic diversity is scant, the impact is greatest.  Economic growth follows four forces.

Area leaders worked to meet the original Regional Cities Initiative deadline of July 1 for proposal submissions but, with the state extending the deadline to Aug. 31, the northeast Indiana region is remaining mum on which projects are topping the list until the presentation is due.

A computer programming and robotics training center has won an option for a three-year lease at the Western National Bank Building in York.

At Fourth Economy, an economic development consultancy organisation, I learned about Pittsburgh’s approach to inward investment not be just about soliciting businesses to base there through tax breaks. It’s about a more innovative and strategic approach whereby investment is built upon existing specialisms in the education and medical sectors, for example, and which seeks to fill key gaps in demand for certain types of products and services.

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FEC Index in the News

Among mid-sized counties nationwide, Brazos County ranked seventh with a Fourth Economy Community (FEC) index score of 1.9 and an "innovation capacity" of A+. Lubbock County ranked ninth with a 1.8 index score and B- in innovation capacity.

Others are noticing the area’s readiness, too. In March, Stearns County (for which St. Cloud is the county seat) was named among the top 10 large-sized communities in the U.S. “poised to achieve sustainable economic growth while attracting people and investment,” according to Pittsburgh-based Fourth Economy Consulting.

A Pittsburgh-based consulting firm released on April 15 an index of Pennsylvania county competitiveness rankings that attempts to determine which counties are poised for future economic growth.

The latest release of the Fourth Economy Community Index (FEC Index, #FECIndex) has released the nation’s top ten mega-sized Fourth Economy Communities.

A national economic development consulting firm ranks Clackamas County fourth in the nation for being "ideally positioned to achieve sustainable economic growth" while attracting modern investment and people. Fourth Economy Consulting proclaims that "Clackamas County boasts a quality of life that many counties of its size envy."

Washington County has been ranked among the nation’s “mega-counties” with populations in excess of 500,000 residents for its economic diversity and growth opportunity from future investment and economic development.

Utah County was recently selected as one of the top counties in the nation positioned to attract modern investment and manage economic growth. In the recent Fourth Economy Community Index ranking for communities with a population of 500,000 or more, Utah County ranked third.

PITTSBURGH, Pa. – The latest release of the “Fourth Economy Community Index” lists the nation’s top 10 large-sized Fourth Economy Communities. These communities are those ideally positioned to attract modern investment and managed economic growth. Kalamazoo County is listed among those Top 10 communities.

Fourth Economy Consulting says Clarke County is the best-positioned small community to grow in the modern economy, which will combine the agricultural, industrial and technological sectors.

Lubbock County ranks ninth in the nation on the recently released 2012 Fourth Economy Index Listing of mid-sized counties (population of 150,000 to 300,000).

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FEC Clients in the News

An early adopter of 3-D printing, General Electric announced in November that it will build a new advanced manufacturing research facility in Findlay Township.

The economic development cluster strategy, released in draft form on Wednesday, had been a key recommendation of the Providence Economic Development Task Force in 2014. The report, authored by Pittsburgh-based Fourth Economy Consulting, was discussed generally at a meeting of the Providence City Council.

Some have criticized this initiative, arguing that it encourages Indiana communities to compete, or that these dollars would be better spent on traditional economic development efforts. Those views are faulty. Many Indiana communities are competing in a race to the bottom, turning workers into commodities and desperately paying businesses to relocate to their regions. That hasn’t worked in Indiana or anywhere else for the last two generations. We have long needed a different and sustained approach to economic development. The Regional Cities Initiative urges communities to be better places, competing against their former selves, not one another. Without another dollar of state investment this has been a great benefit to Indiana, forcing meaningful dialogue and creating new alliances bound by a grounded vision of a more prosperous region. Most telling perhaps is that the best plans are clearly from those regions that have already turned their attention to attracting talent.

There are plenty of folks—from millennials searching for that first job to boomers eager for big-city convenience—who want something different. That’s why this year, in addition to our list of top towns, MONEY crunched the numbers on urban centers with more than 300,000 residents—63 in all. As with our Best Places list, our city rankings put a premium on a robust job market, affordable housing, and ­factors such as accessibility to health care, culture, and open space. We also gave extra points to places with low crime and strong public schools and selected the top city in the Northeast, Southeast, Midwest, Southwest, and West. Now that the hard work is done, all you have to do is pick a place and start packing. Who's #1? Pittsburgh!

Last year, township leaders began developing a marketing strategy after a consultant recommended they do a better job of promoting the community by creating a “brand” that conveys the elements that are most desirable to businesses leaders looking to expand or relocate.

Gov. Mike Pence’s Regional Cities Initiative will get all the money Pence requested. Lawmakers identified a funding source that won’t take dollars out of the General Fund. The governor’s Regional Cities Initiative is aimed at fostering greater collaboration in economic development and community improvement around the state.

Neighborhood Allies is committed to increasing leadership capacity among those who have been historically excluded and evolving the current community development system into an even more effective, efficient and creative network. One way we are doing this, is through our Community Development Fellowship Program.

Last week, the Detroit Regional Chamber and 11 economic development organizations representing Southeast Michigan signed a protocol agreement to continue to collaborate on business attraction efforts designed to bring increased national and foreign investment to the region.

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