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ERIC Number: ED555635
Record Type: Non-Journal
Publication Date: 2014-Dec
Pages: 52
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Economic Engagement Framework: Economic Impact Guidelines
Ambargis, Zoë; Mead, Charles Ian; Rzeznik, Stanislaw J.; Swenson, David; Weisenberger, Janet
Association of American Universities
The Association of Public and Land-grant Universities' (APLU's) Commission on Innovation, Competitiveness, and Economic Prosperity (CICEP) views university contributions to the economy across a spectrum of activity--from educating students and creating the talent necessary for the 21st century workforce to developing innovation ecosystems and entrepreneurship, to enhancing social, cultural and community development. APLU's member institutions are increasingly being asked to demonstrate their economic value and relevance. CICEP has been working for the last number of years on developing several tools in an attempt to help universities focus efforts not only on telling their economic engagement story well, but also growing, improving, and advancing their economic engagement enterprise and thereby accelerating economic development in their regions, nationally, and globally. The framework has at its core four simple ideas: (1) institutions should KNOW what they're doing well and what they need to improve with regard to economic engagement; (2) institutions should be able to MEASURE the extent to which they are engaged; (3) institutions should be able to TELL the story of their contributions to economic development, and (4) institutions must ENGAGE with external stakeholders throughout the processes of knowing, measuring, and telling in order for their contributions to have meaningful impact. The suite of tools in the CICEP Economic Engagement framework helps each of these aspects--Know, Measure, Tell, and Engage. The Economic Impact Guidelines make up one part of the set of tools. The Guidelines offer ideas about the best approach to assessing the economic impact of universities, with an emphasis on the use of input-output models, and can be employed in conjunction with a discussion on broader impacts. All of CICEP's tools help universities understand the institution's accomplishments in economic engagement, identify areas for improvement, and communicate it effectively with various stakeholders.
Association of American Universities. 1200 New York Avenue NW Suite 550, Washington, DC 20005. Tel: 202-408-7500; Fax: 202-408-8184; Web site: http://www.aau.edu
Publication Type: Reports - Descriptive; Guides - Non-Classroom
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Association of Public and Land-grant Universities; Association of American Universities