Universities are critical assets in promoting technology-based and other high-value-added economic development. Public research universities, supported in part by government funding, will play an increasingly vital role in the future. The most successful university systems feed a region's capacity for innovation and entrepreneurship, which drives economic growth and job creation. Recognizing this dynamic, state and local governments provided roughly $75 billion for higher education in 2008. But today budgets are tightening, and state legislatures are asking these institutions to justify these expenditures on an economic basis. This session will consider new methods to more accurately measure the full economic contribution of publicly supported universities to a state's GSP over the long term. We'll also discuss fresh approaches for increasing the impact of universities on the surrounding economy.
Vice Provost for Innovation, USC; Executive Director, USC Stevens Institute for Innovation
Executive Director, Economic Research, Milken Institute
Former Chancellor, The University System of Ohio; Senior Advisor, Jobs for the Future
Professor of Business and Creativity, Rotman School of Management; Author, "The Great Reset"