Skip to main content

Growing Innovation Clusters for American Prosperity Summary of a Symposium (2011) / Chapter Skim
Currently Skimming:

ROUNDTABLE: KEY ISSUES AND NEXT STEPS FORWARD
Pages 115-122

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 115...
... Kittredge, Economic Development Administration, Department of Commerce Jim Turner, Association of Public and Land-Grant Universities R Lee Cheatham, Washington Technology Center Dr.
Read the entire page →
From page 116...
... It's the same for the World Bank: If you have the right people on the ground who are trusted by the community, programs can work." The World Bank Development Model Dr. Wessner commented that the basic World Bank development model had not been as successful as anticipated in some countries, notably in Asia, where some countries had ignored most Bank advice while achieving rapid economic success.
Read the entire page →
From page 117...
... If it was appropriated to the economic adjustment assistance program, it could be used for infrastructure, planning, feasibility studies, or revolving loan funds. With respect to the $100 million program, he said, his office regarded it as part of the overall EDA program.
Read the entire page →
From page 118...
... When a local program receives money from the state, by contrast, the purpose is local economic development and it needs to "pick a winner with that money" if it expects additional support and needs to solicit and invest matching funds accordingly. Measures of success should include not just total dollars gained for a project, but should also include metrics on how those dollars are matched and spent to achieve actual community goals.
Read the entire page →
From page 119...
... He cited one recent example from Fargo, North Dakota, where North Dakota State University had recognized its competitive advantage in the high number of students graduating from the engineering school. It called together the other major university in the state, the University of North Dakota, along with the EDA, state and county governments, entrepreneurs, and people from the community.
Read the entire page →
From page 120...
... Small amounts of federal aid can have a disproportionate impact on state and local ecosystems." He said the same was true for the impact of foundations, which "need to think hard at this time about where they can put even more significant funds." He reviewed comments about the federal government's primary mechanism to promote innovation and commercialization, the SBIR and TIP awards. "Our empirical analysis shows that these awards act as glue grants," he said.
Read the entire page →
From page 121...
... "We have much to learn from others," he said, "and major opportunities to cooperate on how to capitalize on science and technology."
Read the entire page →

Key Terms

  • local organizations
  • north dakota
  • competitive advantage
  • bank development
  • washington technology

  • local competitive
  • washington state
  • latin america
  • matching funds
  • development model

  • lee cheatham
  • million program
  • technology center
  • silicon valley
  • eda program

  • local levels
  • local economic
  • economic adjustment
  • local ecosystems
  • economic success

  • integrating federal
  • development bank
  • economic organizations
  • innovation comes
  • helps federal

  • innovation summit
  • local innovators
  • local color
  • local lead
  • local program


    • This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
    More information on Chapter Skim is available.