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The Future of EDO-University 
Interface: Achieving Shared 
Goals 
Jeffrey A. Finkle, CEcD 
President & CEO, International ...
Presentation Outline 
 About IEDC 
 Overlapping EDO-University Objectives 
 Challenges to Collaboration 
 Best Practic...
About IEDC
About IEDC 
The International Economic Development Council 
(IEDC) is the world's largest membership organization 
serving...
IEDC Membership 
From public to private, rural to urban, and local to international, 
our 4,400+ members include: 
• Publi...
Member Services 
• Conferences 
• Professional Development & Certification 
• Legislative Tracking 
• Clearinghouse 
• Car...
IEDC’s Higher Education Committee 
The IEDC Higher Education Advisory Committee 
develops and implements strategies to fos...
Overlapping EDO-University 
Objectives
Overlapping EDO-University Objectives 
Over the past 15 years, local economies have been increasingly 
challenged due to g...
Overlapping EDO-University Objectives 
These shifts prompted the review 
of economic development strategic 
priorities & t...
Overlapping EDO-University Goals 
Similar to EDOS, many universities see themselves as 
community agents 
 Those universi...
Overlapping EDO-University Goals 
These common local level challenges call for 
substantial partnerships between instituti...
Overlapping EDO-University Goals 
Common EDO-University Objectives include: 
 Nurturing Talent and Local Workforce Develo...
Challenges to 
EDO-University 
Collaboration
Challenges to EDO-University 
Collaboration 
 Complex university organizational structures 
 can make it difficult for E...
Challenges to EDO-University Collaboration 
Cultural divide: 
 University leadership and professors may see private 
indu...
Challenges to EDO-University Collaboration 
 The incentive systems that drive tenure and promotion 
within universities a...
Best Practices 
Examples
EDO-University Interface: Best Practices Examples 
The Voinovich School of Leadership & Public 
Affairs at Ohio University...
EDO-University Interface: Best Practices Examples 
Towson University’s Division of Economic & Community 
Outreach (DECO) i...
EDO-University Interface: Best Practices Examples 
University of Michigan - Economic Development 
Aligning Perspectives an...
Key Take-Aways 
One size doesn’t fit all 
 Leveraging University-EDO collaboration depends 
on the individual conditions ...
Key Take-Aways 
Looking ahead, the engagement between universities and 
EDOs is essential for local economic growth to mee...
Value of ED Training 
Questions? 
Please visit our website at 
www.iedconline.org 
Join IEDC on Facebook and LinkedIn
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The Future of the University / EDO Interface: Achieving Shared Goals - Jeff Finkle

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Universities and economic development organizations (EDO’s) are frequently working toward common goals—to foster and support regional innovation and economic prosperity. Challenges persist, however, at the university/EDO interface, and it is sometimes difficult to get beyond the challenges to achieve the common goals. The panel will present both the promise and potential pitfalls of EDO and university partnerships, and also paint a vision for the future of these collaborations so vital to economic development.

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The Future of the University / EDO Interface: Achieving Shared Goals - Jeff Finkle

  1. 1. The Future of EDO-University Interface: Achieving Shared Goals Jeffrey A. Finkle, CEcD President & CEO, International Economic Development Council (IEDC) UEDA Annual Summit 2014 Santa Fe, NM September 29, 2014
  2. 2. Presentation Outline  About IEDC  Overlapping EDO-University Objectives  Challenges to Collaboration  Best Practice Examples  Key Take-Aways
  3. 3. About IEDC
  4. 4. About IEDC The International Economic Development Council (IEDC) is the world's largest membership organization serving the economic development profession. We are dedicated to helping economic developers do their jobs more effectively and raising the profile of the profession. When we succeed, our members create more high-quality jobs, develop more vibrant communities, and generally improve the quality of life in their regions.
  5. 5. IEDC Membership From public to private, rural to urban, and local to international, our 4,400+ members include: • Public state, regional, city and county ED professionals • Chambers of Commerce and other business support agencies • Technology development agencies • Redevelopment authorities • Educational Institutions & Non-profits • Consultants • Utility companies
  6. 6. Member Services • Conferences • Professional Development & Certification • Legislative Tracking • Clearinghouse • Career Services • Newsletters and Journal • Advisory Services & Research
  7. 7. IEDC’s Higher Education Committee The IEDC Higher Education Advisory Committee develops and implements strategies to foster engagement between economic developers and the higher education sector  This includes universities, community colleges, and technical colleges  The Committee encourages economic developers and higher education to work collaboratively to grow jobs, investment and talent in a knowledge-based economy
  8. 8. Overlapping EDO-University Objectives
  9. 9. Overlapping EDO-University Objectives Over the past 15 years, local economies have been increasingly challenged due to global shifts, such as: 1 Globalization Urbanization Climate Change Internet Boom … and the negative effects of the Great Recession local economic base
  10. 10. Overlapping EDO-University Objectives These shifts prompted the review of economic development strategic priorities & the role of practitioner in the community
  11. 11. Overlapping EDO-University Goals Similar to EDOS, many universities see themselves as community agents  Those universities tailor research & teaching portfolios to meet the economic needs of the regions they serve… …but, like EDOs, U.S. universities have also been impacted by cuts to state and local budgets
  12. 12. Overlapping EDO-University Goals These common local level challenges call for substantial partnerships between institutions of higher education and EDOs
  13. 13. Overlapping EDO-University Goals Common EDO-University Objectives include:  Nurturing Talent and Local Workforce Development  Supporting Entrepreneurship  Attracting Investment  Technology Transfer  Real Estate Development  Neighborhood Revitalization
  14. 14. Challenges to EDO-University Collaboration
  15. 15. Challenges to EDO-University Collaboration  Complex university organizational structures  can make it difficult for EDOs to know who to approach about forming partnerships  Most organizational structures vary greatly from one university to another  There is a gulf between the culture of academic institutions and economic developers
  16. 16. Challenges to EDO-University Collaboration Cultural divide:  University leadership and professors may see private industry as self-interested and worry when research and teaching mandates are geared to serve the needs of commerce Some economic developers and industry leaders see academics as broadly theoretical and in need of greater understanding of the practical realities of running a business and creating jobs
  17. 17. Challenges to EDO-University Collaboration  The incentive systems that drive tenure and promotion within universities are impediments to increased engagement with EDOs Physical barriers: difficult to locate economic development offices on campuses
  18. 18. Best Practices Examples
  19. 19. EDO-University Interface: Best Practices Examples The Voinovich School of Leadership & Public Affairs at Ohio University Fostering Entrepreneurship The Center for Entrepreneurship is a transformative program of job creation and real-world education  Delivers entrepreneurial education, business assistance and capital resources in Appalachian Ohio  Runs the State tech start-up program “TechGROWTH Ohio” * Staff & students in the MBA program provide technical assistance to start-ups & existing businesses in the region
  20. 20. EDO-University Interface: Best Practices Examples Towson University’s Division of Economic & Community Outreach (DECO) in Maryland Workforce Development Provides a pipeline to employers of professionally certified employees who meet immediate hiring needs  Enables students to take professional certification courses while studying for BA and graduate degrees  The university created a 3D-Digital Object Lab that allows regional industries learn how to use advanced technologies to increase efficiency AND gives students exposure to advanced manufacturing techniques
  21. 21. EDO-University Interface: Best Practices Examples University of Michigan - Economic Development Aligning Perspectives and Resources 1 A leader in fostering cooperation among government, industry and academia  U-M works closely with Ann Arbor Spark to help the organization strengthen the business environment for innovative firms seeking to start-up, expand or move into the region  On the state level, U-M collaborates with the state EDO, Michigan Economic Development Corporation (MEDC)  U-M’s Institute for Labor, Employment and the Economy conducts market feasibility studies & identifies the capabilities/initiatives of emerging or established firms, to match them with technology available at Michigan universities
  22. 22. Key Take-Aways One size doesn’t fit all  Leveraging University-EDO collaboration depends on the individual conditions of each community  Successful programs grow out of sustained collaboration among economic developers, private sector leaders, and academic leaders
  23. 23. Key Take-Aways Looking ahead, the engagement between universities and EDOs is essential for local economic growth to meet the challenges of today and of tomorrow UEDA is a point of entry for the facilitation of EDO-University interface
  24. 24. Value of ED Training Questions? Please visit our website at www.iedconline.org Join IEDC on Facebook and LinkedIn

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