Trends in Town-Gown Collaboration

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? Continue reading “Trends in Town-Gown Collaboration”

Chelsea from Fourth Economy Travels to Korea

This Friday I will be taking my maiden voyage across the Atlantic Ocean – heading to South Korea for a month of cultural and vocational learning. The trip is sponsored by the Rotary Group Study Exchange (GSE) program, which provides opportunities for young professionals to increase their knowledge of and connections to the global workplace. The Pittsburgh Rotary District 7300 is sponsoring our trip to South Korea, with a focus on green building and sustainable development.

Continue reading “Chelsea from Fourth Economy Travels to Korea”

Poll Results: Greatest Economic Challenge Over the Next 20 Years

Last month in our Economic Architecture newsletter, we started a poll series where we ask important questions facing economic development community. Our first question was “What do you think our greatest economic challenge will be over the next 20 years?” One thing never defined was the word “our.” Some participants may have viewed the question as a regional question, others may have viewed it as a global question…or anywhere in between. We were pleased that one area the Fourth Economy team is focusing on — water — was selected as one of the two highest-rated challenges. Our team has constructed two reports on the topic: “Capturing the Storm: Profits, Jobs, and Training in Philadelphia’s Stormwater Industry” for SBN Philadelphia and “Pittsburgh’s H2Opportunity” for the World Environment Day Partnership. What’s also interesting to note is the large number of individuals who selected “other” as a response to the question. We asked those who selected the “other” option to qualify their response with the item they feel will be the most pressing issue over the next 20 years. Here’s a few of the additional thoughts we received on “other” economic challenges over the next 20 years:

  • Educating and empowering our youth, so that America can regain worldwide respect
  • Increasing scarcity of resources (rare earth metals, fossil fuels, etc.)
  • Reducing the national debt
  • Energy Prices/reliability
  • Lack of cooperation and collaboration

All great responses! Did you forget to respond or have some additional insight on what YOU think should be on the list? Leave a note in the comments below. Out first poll saw responses from all across the U.S. and we are excited to keep asking questions to drive the fourth economy. Be sure to take this month’s poll: What do you think of your state’s economic development budget?