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

Our #1 Best-Selling Drone--Meet the Dark Night of the Sky!


It's not often that a manager for a manufacturer of soap and similar products stands in front of a group of designers explaining the intricacies of personal-care regulations. And yet, that is exactly what Chris Buckley was doing in January. The executive vice president of business development for Bradford Soap Works was holding the training session as part of a new initiative at the company to take advantage of the design talent that is in Rhode Island and the growing desire of companies in varied industries to infuse their service and product offerings with fresh, creative approaches. "The goal is to actively promote those designers to our customers," said Deb McDonough, vice president of marketing for 140-year-old Bradford. "It's one more resource West Warwick's Bradford Soap is offering to our customers. The hope is the customers will see value in the designers having an understanding of the company." Whereas before, clients would ask Bradford to recommend designers to create product packaging, now the company will actively promote designers it trains in personal care, McDonough said.


Fourth Economy Consulting of Pittsburgh conducted a community-needs assessment this past summer after the Kittanning Junior High, Kittanning Senior High and Ford City Junior-Senior High buildings closed. Fourth River Development Principal John Watson (shadowed by Fourth Economy Consulting Vice-President of Community and Market Assessments Stephen McKnight) talk about their assessment of the now-closed Ford City and Kittanning secondary schools. Vice President of Community and Market Assessments Stephen McKnight presented the 32-slide draft results to Armstrong School District school directors and more than 30 community residents during last night’s open caucus session. “We would see the primary use as residential, targeting the ‘empty-nesters’ 55+ group (or) possibly some assisted-living looking at 65-70 (year-old residents) or above, McKnight said.


This one’s for you, northeast Indiana. Our state’s commitment to provide $42 million to match our region’s investment in the Road to One Million plan is all for you. We did it together. As we look forward to 2016, it is now time to pause long enough to celebrate the significance of this achievement and to thank everyone who made this possible. Over the past couple of weeks, I have received numerous heartfelt congratulations for this achievement. I am honored and humbled to receive each thank you. I sincerely intended to recognize the hard work and difficult decisions necessary to this huge victory in Indiana’s unique and transformative Regional Cities initiative. Yes, this is a big deal, and I appreciate being appreciated. But let’s take a moment to reflect and celebrate what we have accomplished together as a region in this history-making victory. It is time to thank the hundreds of individuals and leaders of the region truly responsible for making our victory possible.


On Wednesday night, Pittsburgh-based consulting group Fourth Economy Consulting held a public forum on a market study it began in October to consider the feasibility of the revitalization committee's latest plan.




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.


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FEC Index in the News

Our #1 Best-Selling Drone--Meet the Dark Night of the Sky!


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.


The Pittsburgh-based Fourth Economy Consulting this week released its list of 10 “large-sized communities” poised for economic growth across the country, and Maine’s Cumberland County ranked sixth. The so-called Fourth Economy Communities were rated based on a variety of factors often seen as precursors to — or drivers of — economic growth, such as wage figures, employment numbers, education levels, entrepreneurship, minority business ownership, property values, population densities and a number of other things.


An economic consulting firm has highlighted Stearns County as a community ideally positioned to attract modern investment and managed economic growth. On Tuesday, Pittsburgh-based Fourth Economy Consulting ranked Stearns County as the tenth large-sized community in the nation poised to achieve sustainable growth while attracting people and business. Stearns County was compared to communities of similarly sized population.


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FEC Clients in the News

Our #1 Best-Selling Drone--Meet the Dark Night of the Sky!


NB Coatings will occupy a nearly 125,000 square foot building being developed by Becknell Industrial at the NorthWind Crossings business park in Hobart. The Northwest Indiana Forum says the project will create 60 construction jobs, along with new employees hired by NB Coatings.


On Betaspring’s tour of great American cities—and in our search for awesome revenue-focused companies—Pittsburgh did not disappoint. In a 48-hour whirlwind visit, we met strong founders, interviewed great companies, spent time with our friends at Alpha Lab and Alpha Lab Gear, judged a hardware startup competition, took a Tech Shop tour, and admired the changes happening adjacent to the new Google headquarters...all of which deepened our understanding of what makes the Pittsburgh startup scene tick. Pittsburgh is a city on the rise, with a culture that marries a midwestern vibe with maker/hustler grit. The city’s DNA still reflects the work ethic and powerful convergence of brain and brawn that made Pittsburgh an industrial mecca. Neither all tech nor all steel, Pittsburgh is growing where bits and atoms can find both old and new places to co-mingle.


(INDIANAPOLIS) - The Northeast Indiana Regional Development Authority (RDA) announced plans to allocate $2.8 million in state funding from the Indiana Regional Cities Initiative to help fund the Skyline Tower in Fort Wayne. This is the first project to receive state funding through the Regional Cities Initiative, which will allocate a total of $126 million toward quality of place projects across three Indiana regions.


The Skyline Tower in Fort Wayne is getting a funding boost, thanks to the Regional Cities Initiative. The Indiana Economic Development Corp. has approved the allocation of $2.8 million to help fund the 12-story, 170,000 square-foot mixed-use development.


INDIANAPOLIS Governor Mike Pence today joined regional leaders in Southwest Indiana to ceremonially sign House Enrolled Act (HEA) 1001, which will provide $42 million for each of the Regional Cities initiatives, at the Signature School’s Robert L. Koch II Science Center in Evansville. The Governor signed HEA 1001, which goes into effect July 1, 2016, into law on March 23, 2016. - See more at: http://thepilotnews.com/content/governor-pence-ceremonially-signs-regional-cities-bill-evansville#sthash.abrmdzMY.dpuf


FARGO – Coming up with an idea is just 1 percent of what it takes to build a successful product, according to a popular philosophy among software developers. "Everyone has a notebook full of ideas. The ideas aren't really the important part. It's the execution," said Blaine Booher, COO of hardware, software, mobile and web development company Clifton Labs.


It's not often that a manager for a manufacturer of soap and similar products stands in front of a group of designers explaining the intricacies of personal-care regulations. And yet, that is exactly what Chris Buckley was doing in January. The executive vice president of business development for Bradford Soap Works was holding the training session as part of a new initiative at the company to take advantage of the design talent that is in Rhode Island and the growing desire of companies in varied industries to infuse their service and product offerings with fresh, creative approaches. "The goal is to actively promote those designers to our customers," said Deb McDonough, vice president of marketing for 140-year-old Bradford. "It's one more resource West Warwick's Bradford Soap is offering to our customers. The hope is the customers will see value in the designers having an understanding of the company." Whereas before, clients would ask Bradford to recommend designers to create product packaging, now the company will actively promote designers it trains in personal care, McDonough said.


PROVIDENCE, R.I. — The Rhode Island Foundation last year awarded a record $41.5 million in grants to more than 1,600 nonprofit organizations, the organization announced on Friday. And in the fourth-highest net in its nearly century-long existence, the foundation raised $43 million in new gifts from corporate, organizational, family and individual donors in 2015.


PROVIDENCE, RI -Providence Mayor Jorge Elorza delivered his first annual State of the City Address where he presented a city poised for an economic resurgence and improvements to the city's public schools. The Mayor detailed a number of initiatives and programs to increase economic development and create jobs downtown and in the city's neighborhoods.


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