Best Practices for the Fourth Economy – University Economic Development Association (UEDA) Announces 2012 Awards of Excellence Winners

Effectively engaging higher education resources for community is economic development is critical to success in the fourth economy.  Earlier this year, the Fourth Economy team was hired by the University Economic Development Association (UEDA) to help the organization advance its strategic mission – a mission to leverage higher education and enhance our national competitiveness.

UEDA announced its 2012 Awards of Excellence winners during its Annual Summit held this October in Chattanooga, Tennessee.   The Awards of Excellence Program recognizes UEDA members who are transforming their campuses into engines of economic prosperity through leading edge initiatives in five categories: 1) Community Connected Campus: initiatives that promote the physical development of quality connected campuses and their surrounding communities; 2) Research and Analysis:  initiatives that enhance the capacity of colleges and universities to provide new forms of research and tools for community, economic and workforce development practitioners; 3) Leadership and Collaboration: initiatives that support the development of collaborative economic development strategies and the leaders required to implement them; 4) Innovation and Entrepreneurship: initiatives designed to support startups, high-growth companies and clusters within a region; and 5) Talent Development: initiatives that promote the development of 21st-century skills.  Continue reading “Best Practices for the Fourth Economy – University Economic Development Association (UEDA) Announces 2012 Awards of Excellence Winners”

Fourth Economy Helps Advance University Economic Development Association (UEDA) Mission and Impact

By now we all know that talent, innovation and quality place-based strategies are at the heart of the fourth economy.  Earlier this year, the Fourth Economy team was hired by the University Economic Development Association (UEDA) to help the organization advance its strategic mission – a mission to leverage higher education and enhance our national competitiveness.

Our first year efforts culminated in one of the largest Annual Summit’s since the organization’s founding.  More than 175 delegates convened in Chattanooga, Tennessee in October for the three-day conference.

“There has never been a more important time for this delegation to convene than now,” said William Michalerya, UEDA President. “In the next few weeks, there will be a national election and regardless of the outcome, there will be a renewed discussion and interest in how best our Country should leverage its innovation assets and make key investments in those resources,” Michalerya added. Continue reading “Fourth Economy Helps Advance University Economic Development Association (UEDA) Mission and Impact”

The Art of Sophistication: Linking Universities and Towns

In the fourth economy, the world’s universities will anchor far-reaching and interconnected communities that seamlessly blend ideation and commerce. These communities will be simultaneously virtual and place-based. In anticipation of this evolution the most forward looking institutions are working to understand how they can control or influence the economics of the marketplace to create thriving campus edge commercial environments. These environments create a neutral space for the life of the university to engage with the world in the most practical sense of the term.

This is nothing new, to be honest. The monastic system both in Europe and Asia produced this creative mixing immediately beyond the walls of the institution where the laity would be taught and blessed in exchange for tithes or food. In the U.S. only a handful of institutions (Harvard Square, Morningside Heights, and Charlottesville come to mind) created and preserved a truly dynamic physical place where the academy mixes with the populous. However, leadership at a growing number of universities and colleges are coming to believe that creating something in this spirit is critical to the success of the institution, as measured by their ability to attract and retain world-class faculty and students.

Continue reading “The Art of Sophistication: Linking Universities and Towns”