Posts Tagged ‘economic impact’

Sean Creighton
by Sean Creighton
Tue Dec 22nd 2009 at 1:01pm UTC

Campus As Economic Engine

Tuesday, December 22nd, 2009

Rusty wheel

Nowadays, you cannot talk about higher education without the conversation including economic development. Published economic impact studies indicate that campuses are major contributors to their economies. Look at these figures:

This week, the University of Dayton (UD) purchased NCR Corp.’s former world headquarters for $18 million. The location will house the university’s world-class research institute and provide space to work on projects that will stimulate commercialization, business growth, and local job creation. In a region that has endured substantial job loss, UD continues to be a vital economic engine and key contributor to the economic future of Dayton.

While these examples demonstrate major economic contributions by campuses, do they impact economic development policy for a region, state, or nation? Do such stories and economic studies influence policymakers to direct new investment in, to take David Miller’s term, campus entrepreneurship? If you have examples, please share.

Happy Holidays!

Sean Creighton
by Sean Creighton
Thu Dec 10th 2009 at 11:42am UTC

Mighty Edu

Thursday, December 10th, 2009

AbstractPencilWorkCreative_sm

Mighty Edu: Higher Education’s Transformation of Economy, Community, and Life… that’s the book I want to read. Actually, that’s the book I want to write. Okay, it’s a tad lofty. Yet, appropriately so, because what higher ed does is lift up people and place. It is the hub of talent attraction and production. Its economic impact runs deep, and is anchored: campuses do not relocate for better tax incentives. An Appleseed study showed that three research universities in Ohio alone accounted for a total economic impact of over $6 billion (Appleseed Inc., 2006).

A campus is a continuous flow of creativity, research, and social capital, channeling vibrancy into communities and with a global reach. And, yes, too, higher ed provides a life-changing scene for students and employees. In addition to fostering an inspirational living and learning environment and launching graduates into the workforce, college is where numerous people have met their spouse(s). While the numbers have decreased because people are marrying later nowadays, college is still the place where over 25 percent of men meet their wife (National Fatherhood Initiative, 2005).

I could go on and on like a proud papa. This Creative Class Exchange seems like a perfect space to explore The Mighty Edu together, and get that book written! What are some thoughts, stories, chapters you’d like to add regarding higher ed’s influence in these core areas or other areas?