Colleges and universities as economic engines

Friday, December 24, 2004

As we move toward an economy driven by knowledge and innovation, universities are playing a different and more central role in regional economic development. The colleges and universities do not have to be big to have an impact.

We've all heard stories of Stanford and MIT. Smaller institutions are also having significant impacts: Like Albion College in Albion, Michigan, Ashland University in Ashland, OH or Old Dominion University (ODU) in Norfolk.

We are seeing the new view of colleges and universities in an increasing number of economic impact reports that institutions are producing. For example, Utah's research universities published a report within the past two weeks. Read more.

Here's a good article on the changes taking place at ODU. It also provides a good overview of the changing rroles of colleges and universities in economic development. Read more.

The article references an excellent report by CEOs for Cities: Leveraging Colleges and Universities for Urban Economic Growth: An Urban Action Agenda. You can download a copy from this page.

posted by Ed Morrison |

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