Fostering Action

At the end of the day, we do what we do because we want to make an impact. That means doing what we can to make sure your project is a success by tapping into our network and experiences to build broad support, galvanizing your team through launch and developing the right tools for impact.

Fourth Economy helps to foster action by:

  • Identifying and pursuing funding to support implementation of projects and programs
  • Analyzing internal and external program or policy barriers and advising on the changes required
  • Creating messages and tools to communicate intentions and actions
  • Designing tools and processes to support implementation
  • Adding capacity to your organization as you launch a new initiative
  • Defining the data needed to track impact, creating an accessible reporting structure, and helping to implement and monitor metrics

Here are some of the ways that Fourth Economy has helped to foster action:

Reforming Land Use Systems

The City of Pittsburgh and its Urban Redevelopment Authority (URA) recognized that their ineffective system to acquire and sell vacant, tax-delinquent property was leading to increased blight and decreasing tax revenues. They asked Fourth Economy to help them document the process, gather and analyze relevant data, make recommendations, and model the costs and revenues associated with improving the system. By embedding us as part of their team, the URA enabled Fourth Economy to get to a level of detail that enabled immediate changes to the system.

Providing Independent Evaluation of Development Impacts

South Fayette Township was faced with two competing impact analyses for a new development – one from the developer and one from the school district. They asked Fourth Economy to help evaluate the merits of both analyses and conduct our own independent analysis to provide them with the information they needed about potential tax and fiscal impacts. Using our analysis, the Township decided to move forward with zoning updates in favor of the development.

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Identifying and Developing New Clusters

To explore the feasibility of growing RI’s edtech sector, and provide EduvateRI with a strategy for doing so, Fourth Economy interviewed 30 local and national stakeholders (including edtech companies), researched other edtech strategies and education innovation cluster efforts, and conducted research to determine the size of the market opportunity. Based on that, Fourth Economy developed 18 strategies, each with detailed information on how to implement them, that EduvateRI and their partners could undertake to grow the edtech economy in Rhode Island.

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