How Can Higher Education Help Economic Development?

One Indiana ED consultant says higher education will be more important to economic development in the future. I agree.

Here is what the article concludes. There are several ways in which a college or university can make significant contributions to regional, state and national economic development initiatives. A higher educational entity has to first have a desire to do so.

Secondly, a college or university must know their strengths and assets that can be leveraged to benefit their organization and geographic area in which they can have an impact.

Third, the higher educational entity must have a vision of what they would like to achieve.

Finally, the college or university must have an implementable strategic plan. To maximize results for a region, state and country, the higher educational entity must be engaged with government, the private sector, other academic institutions and the not-for-profit community. If everyone is working together to support economic development initiatives, everyone will benefit.

More here.