It’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? Continue reading “It’s all About that Base: Baseline Data, Energy Planning, & Economic Development”
New ideas fuel the fourth economy. But they need the right talent, money and a market ready to greet them. There are few market opportunities that need new ideas and innovation than those within the water sector. In 2012, Fourth Economy helped to launch the Water Economy Network (WEN). A key goal for WEN and its industry members is to encourage new water related technology development and deployment. To help WEN achieve that goal, Fourth Economy and WEN joined with Idea Foundry (a Pittsburgh-based non-profit that specializes in innovation acceleration and commercialization) to launch a water technology acceleration program called Innovate H2O. Innovate H2O is a program aimed at identifying and accelerating breakthrough solutions that address global water challenges. Continue reading “The Launch of Innovate H2O”