Energy and Beyond: Fargo-Moorhead Powers On

Fargo-EnergyThe Fargo, North Dakota and Moorhead, Minnesota Metro Statistical Area (MSA) has received numerous accolades in recent years. Among them #2 overall among mid-sized metros by Area Development Leading Locations, #2 in Forbes Best Small Places for Business and Careers, #5 Milken Institute Best Performing Cities Index and #3 Fastest Growing Cities by NerdWallet.com. Continue reading “Energy and Beyond: Fargo-Moorhead Powers On”

Fourth Economy Helps Launch North Dakota-Minnesota Regional Action Plan

Valley-Prosperity-Partnership6 Key Priorities Shape the Economic Development Agenda

Regional industry, especially homegrown industry, must be an integral stakeholder in the development of strong and effective regional economic development partnerships. It cannot be said enough. This was emphasized once again in Fourth Economy’s recent engagement with our friends from the Red River Valley in North Dakota and Minnesota.

By far the Valley Prosperity Partnership (VPP) is one of the strongest industry-led efforts we have seen, both in terms of time and money.  In addition to industry, it included two of the region’s regional economic development organizations and, oh yeah, two states.  For those who have worked in regional efforts like this, you know it is no small task. Continue reading “Fourth Economy Helps Launch North Dakota-Minnesota Regional Action Plan”

Declining Higher Ed R&D Expenditures: A Crisis or an Opportunity?

131220-University-RD-BudgetA recent National Science Foundation (NSF) report revealed that R&D expenditures among U.S. higher education institutions remained flat in FY2012 compared to FY2011, and, when adjusted for inflation, declined by 1.1 percent. “This represents the first constant-dollar decline since 1974 and ends a period of modest growth during FYs 2009–11, when R&D expenditures increased an average of 5% each year.”

While this statistic is newsworthy, it may not be as much of a crisis as it first seems. Continue reading “Declining Higher Ed R&D Expenditures: A Crisis or an Opportunity?”