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”

Hitting the Panic Button

I participated in a forum hosted by West Virginia University President Jim Clements. The topic was on Innovation and American Competitiveness. Fellow participants came from a variety of backgrounds – Provosts, Deans, Students, Alumni which included investment managers, bankers and venture capitalists and more.

The conversation was motivating and really got me thinking more about the work we are doing and how the role we are playing in connecting innovation market participants is so critical.

What really got folks attention was Ray Lane from Kleiner Perkins and an alumni, basically saying that it is time for us to hit the Panic Button. There is so much going wrong right now that small fixes aren’t going to get us out of the economic mess we are in.

Many of us took note of Ray’s observations and the conversation should live on in various forums that we are all participating in. For my part I believe that Ray and other speakers were articulating the values of a fourth economy. Expecting value, showing true leadership and not political stupidity, taking a team approach to economic growth, inclusiveness and respect are all values that we must appreciate in order to move beyond this economic mess.

I pledge to do my part and hope that my friends will join us. Oh and by the way, Ray mentioned the need for a third political party as a way to get our elected leaders back to action and not just rhetoric. Fourth Economy Party anyone?