Despite the attention and significant public resources devoted to promoting innovation and entrepreneurship, there has been little agreement about how to measure outcomes and progress towards achieving the larger objectives of increasing economic development. Under a grant from EDA, the University of North Carolina and the George Washington University have been collaborating to develop new measures of performance based upon a new framework for economic development policy in order to assess capacity building outcomes and their relationship to realized economic growth outcomes. At the foundation of these metrics is a definition of economic development and a logic model that advances our understanding of economic development, differentiating it from economic growth. Speakers will discuss the implications of the definition of economic development including the role of government as a provider of infrastructure and capacity-building systems that are beyond the ability of the market to provide. Speakers will also explore how universities might increase their engagement to advance economic development through the new, exciting framework. • Tom Guevara, Deputy Assistant Secretary for Regional Affairs, Economic Development Administration, U.S. Department of Commerce (moderator) • Arthur Boni, John R. Thorne Distinguished Career Professor of Entrepreneurship, Tepper School of Business, Carnegie Mellon University • Maryann Feldman, Principal Investigator and Heninger Distinguished Professor, Department of Public Policy, University of North Carolina • Andrew Reamer, Research Professor, GW Institute of Public Policy, George Washington University • Bob Starzynski, Director of Business Development, Innovation Works

1. #UEDASummit

2. Chuck Shoopman
President,
University Economic Development
Association
#UEDASummit

3. #UEDASummit

4. Tom Guevara
Deputy Assistant Secretary for
Regional Affairs,
U.S. Economic Development
Administration
#UEDASummit

5. Maryann Feldman
Principal Investigator and Heninger
Distinguished Professor, Department
of Public Policy, University of North
Carolina
#UEDASummit

6. Arthur Boni
John R. Thorne Distinguished Career
Professor of Entrepreneurship, Tepper
School of Business, Carnegie Mellon
University
#UEDASummit

7. Bob Starzynski
Director of Business Development,
Innovation Works
#UEDASummit

8. #UEDASummit

9. Defining Economic
Development

10. A Long and Winding Road

11. Aligning Economic Development
Administration (EDA) Mission

12. Economic Development is the expansion of capacities that
contribute to the advancement of society through the
realization of individual, firm and community potential.
Economic Development is a sustained increase in prosperity
and quality of life through innovation, lowered transaction
costs, and the utilization of capabilities towards the
responsible production and diffusion of goods and services.
Economic development requires effective institutions
grounded in norms of openness, tolerance for risk,
appreciation for diversity, and confidence in the realization o
mutual gain for the public and the private sector.
Economic development is essential to creating the
conditions for economic growth and ensuring our economic

13. Economic Development
Logic Model
Objective of Economic Development
Prosperity
High Quality of Life
EDA Investments & Programs
Capacities
Community Capacity
Firm and Industry Capacity
Entrepreneurial Capacity
Innovative Capacity

14. Implications for
Measurement

15. How do we define
Success?

16. How do we measure
Success?
Its important to get this right!

17. Measurable Increases
in Capacity

18. Value Chain Augmentation

19. Social Capital: Dealmakers

20. Regional Identity
 #UEDASummit
 Lexis/Nexis Search
 But what are they saying?

21. Labor Force Analytics
 Supply
 Jobs posted
 Wage rates
 Skills Sought
 Days job
open
 Demand
 Job seekers
 Skills
available
 Degrees/Trai
ning/Certifica
tion

22. INNOVATIVE DATA SOURCES FOR REGIONAL
ECONOMIC ANALYSIS
Maryann Feldman, Alex Graddy Reed, Lauren Lanahan,
Glenn McLaurin, Kari Nelson, and Andrew Reamer

23. #UEDASummit

24. #UEDASummit

25. #UEDASummit

26. #UEDASummit