Home > Business models, Economic Development, Policy, Report, University > New Study: Universities Driving Economic Development in the Innovation Economy

New Study: Universities Driving Economic Development in the Innovation Economy

A report published this month by SUNY suggests a new “knowledge first” paradigm for colleges and universities in promoting state and regional economic development.

Highlights of the report authored by David Shaffer and David Wright of the Rockefeller Institute of Government:

“In states across America, higher education institutions and systems are working to become key drivers of economic development and community revitalization. They are:

  • Putting their research power to work by developing new ideas that will strengthen the country’s competitive edge in the new economy — and then by helping to deploy those innovations into commercial use.
  • Providing a wide range of knowledge-focused services to businesses and other employers, including customized job-training programs, hands-on counseling, technical help, and management assistance.
  • Embracing a role in the cultural, social, and educational revitalization of their home communities.
  • And, most fundamentally, educating people to succeed in the innovation age.”

Read the Press Release
Read the full Report [PDF]
Rockefeller Inst. of Government [website]

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