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 IEDC worked with economic development consulting firm Fourth Economy Consulting to identify the regional cities to be studied, and then used the information and data collected to develop case studies and identify common themes found in these cities that could be applied in Indiana.

Indiana is analyzing regional cities across the country that experienced positive economic transformation to identify tools that can benefit growth and investment. This study will provide Indiana’s cities with information and resources to initiate their own transformative economic development strategies. To conduct the study, the Indiana Economic Development Corporation (IEDC) has selected Fourth Economy Consulting, a national economic development consulting firm.

Following a call from Pence and the passage of House Enrolled Act 1035 earlier this year, the Indiana Economic Development Corporation (IEDC) commissioned a study of 11 peer cities across the nation that have experienced significant economic growth. Working with Fourth Economy Consulting, a national economic development consulting firm, the IEDC identified common themes across the cities that could apply to Indiana.

The findings of Indiana's regional cities study are available today at The study identifies strategies that aim to help cities across Indiana transform into national economic powerhouses.

Lebanon Mayor Sherry Capello recently met with a team of community development consultants who are launching a study to determine ways the city can grow economically. Fourth Economy Consulting was hired last month to create an economic development strategy for Lebanon. The Pittsburgh-based firm has a strong track record of providing organizational support and innovative planning to many municipalities, universities, and businesses. Last week's visit by representatives from Fourth Economy was the first step in the development strategy planning process, the mayor said in a news release. "The entire process will review where are we now, what direction should we go and how do we get there?," Capello said. "We are extremely pleased to be working with Fourth Economy and are impressed with their qualifications, past performance, innovative strategies, and concise reporting."

The 10 colleges and universities that make up the Pittsburgh Council on Higher Education produced an economic impact of $8.99 billion and supported more than 70,000 jobs in the Pittsburgh area during fiscal year 2012-13, according to a report the council prepared in collaboration with Fourth Economy, a national economic development consulting firm.

Commissioners and planning commission members met last year to address the township’s future and decided on a “more active development initiative,” Mr. Turley said. Fourth Economy did a community economic analysis, conducted surveys and made recommendations toward North Huntingdon enhancing its identity, including coming up with a plan for branding and marketing the township.

The color scheme and type-face might change, and it could undergo some tweaking, but North Huntingdon commissioners are beginning to reach a consensus on a new logo and tagline to use in their effort to create a “brand” for the township.

Two Rhode Island agencies have won nearly $3.3 million in federal money to pay for separate jobs initiatives.

The Peduto administration has arranged a marriage for the Strip District’s landmark produce terminal, one that it hopes will result in a long and happy life.

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FEC Index in the News

The Fourth Economy Community Index ranked Lexington the top Mid-sized community because it is ideally positioned to attract modern investment and manage economic growth. The index measured investment, talent, sustainability, place, and diversity.

Greensburg officials want the district to spark development and to “enhance the charm and character of the residential neighborhoods,” according to the proposal. Urban, which will be working with Fourth Economy Consulting of Pittsburgh, will be paid $85,000 from grant and foundation money, said Steve Gifford, executive director of the Greensburg Community Development Corp., which is involved in the project.

A panel discussion on “The Responsible Use of Water in Industry” will include Steve McKnight, of Fourth Economy Consulting; Sam Johnson, director of Water Asset Development for CONSOL Energy; Doug Wyatt of the National Energy Technology Laboratory; and Jack Adams and Leo Zappa of Calgon Carbon.

At the County level, the FEC Index divides communities into micro-, small-, mid-, and large-sized counties. Fourth Economy then evaluates five areas; Investment, talent, sustainability, place, and diversity.

Published annually by Fourth Economy Consulting of Pittsburgh, the Fourth Economy Index identifies those counties that are “ideally positioned to attract modern investment and managed economic growth.”

The latest release of the "Fourth Economy Community (FEC) Index" was announced recently, listing the nation’s top 10 large-sized Fourth Economy Communities. These communities are those ideally positioned to attract modern investment and managed economic growth and Kalamazoo County is on the list. 

A consulting company based in Pittsburgh has ranked Guilford and Durham counties among the nation’s top 10 large-sized Fourth Economy communities, according to a new index created by Fourth Economy Consulting, according to the High Point Enterprise.

Durham residents know that their county is a hotbed of economic activity and is poised for growth in all the right ways, but it's always nice to be recognized. Durham was recently recognized for being #1 in the nation by the Fourth Economy Community Index's top 10 large-sized Fourth Economy Communities. The recognized communities are ideally positioned to attract modern investment and managed economic growth.

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FEC Clients in the News

Regionalism. Over and over and over again, Eric Doden stressed the importance of working as a region to foster economic growth.

Developing a regional identity is key to economic growth. That was the underlying theme of a discussion about the Indiana Economic Development Corporation’s Regional Cities Initiative, led by IEDC President Eric Doden Wednesday at the Blue Chip Casino.

Developing a strategic initiative to help Indiana cities succeed as those deemed successful in the study, the Regional Cities Initiative encourages actions such as developing “hub” cities throughout the state, comparing themselves to national cities and focusing on “quality of place” amenities, whether they are natural or man-made.

Communities across northern Indiana are working to create an environment that attracts top talent and encourages the development of new jobs and capital investment. Fierce competition exists as communities across the United States and around the world have similar goals.

The Abandoned Pennsylvania Turnpike hasn’t seen car traffic since 1968 – but it’s experiencing new life as a pike-to-bike trail. The 13-mile stretch of road runs parallel to the modern turnpike, from Breezewood stretching east, and has a fascinating history as “America’s Only Abandoned Superhighway.”

FORT WAYNE – Economic development in northeast Indiana just got a boost – Ball State University’s Building Better Communities initiative has established a regional office in downtown Fort Wayne. Beth Neu was named the regional director of public policy and engagement at the office, adjacent to the Northeast Indiana Works staff offices on the ninth floor of the First Source buildingat 200 E. Main St. Neu, who mingled at an open house Tuesday, is not new to the Fort Wayne business community. Born and raised in Fort Wayne, she was the city’s economic development director in the 1990s before moving to Virginia, where she lived for 15 years.

The “footloose” industries that can locate almost anywhere provide a shrinking share of jobs in Indiana, but they remain the key targets of economic-development recruiting, according to a report from Ball State University. The report released Wednesday was commissioned by the Indiana Economic Development Corp., the state’s top economic-development agency. The report, by Ball State’s Center for Business and Economic Research, identified four broad sectors of the economy in which hundreds of thousands are employed in “footloose” fields: technologically advanced manufacturing, biosciences, emerging media, and information technology and logistics.

BUFFALO, N.Y. – The University at Buffalo’s New York State Center of Excellence in Bioinformatics and Life Sciences (CBLS) is refreshing its brand identity with a significant redesign that more accurately communicates its collaborative role in the community and emphasizes its efforts to spur economic development and innovation in Western New York.

Governor Bobby Jindal returned to the Louisiana Economic Development Authority Monday to announce that another information technology company is moving to Lafayette. California-based company Enquero Inc. will create a new technology center and will collaborate with the University of Louisiana at Lafayette to strengthen computer science curriculum and provide student internships and apprenticeships, the company's executive director Hemant Asher said. Jindal said Enquero's move from the Silicon Valley to Lafayette will produce 350 direct jobs with a salary of $64,300 per year plus benefits. Those direct jobs are expected to be filled by 2017. The company said it will also provide 354 indirect jobs, the company said.

"Pittsburgh Re-made" Environmental and Economic Transformation Along the Three Rivers

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