2014 - ueda annual summit - monday morning keynote address - william fulton
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Making Economic Development Work for Universities and
Communities
William FultonDirector Rice U. Kinder Institute
Former Mayor, Ventura CA
Former Director of Planning and Economic Development, San Diego, CA
Then Versus Now
• Closed v. Open Innovation
• Separation of Academia and Industry
• Close Links To Surrounding Manufacturing Region
What does this mean?
• It’s obvious what research universities do for the economic
development of cities and regions.
• It’s less clear what cities and regions do
for the health of research universities
here are some of the things you need to create in order to build enduring prosperity
skilled labor force
Infrastructure
critical mass of innovation and entrepreneurship
educational
opportunities
physical facilities
quality of place
endowment of wealth
Cities are in a ferocious competition
over
place (both geographical location and high-
quality, high-amenity “place”)
Universities are
alsoin a ferocious competition
over
place (both geographical location and high-
quality, high-amenity “place”)
If you’re Cornell, you’ve got a problem
-- Do you solve this problem by
“virtually moving” Cornell?
-- Or by investing
in the region where it is embedded?
Making Economic Development Work for Universities and
Communities
William FultonDirector Rice U. Kinder Institute
Former Mayor, Ventura CA
Former Director of Planning and Economic Development, San Diego, CA
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