Institutions of Higher Education and Urban Economic Development

Nonprofit organizations clearly play an important role in urban community stinting development (thus, the rationale for this course). Colleges and universities ar particularly meaningful, as they employ large numbers of employees, sort out instruction and training for current and future generations, buzz off interrogation and develop radical knowledge, and displume other bread and butter businesses and service through agglomeration. Additionally, unique urban missions of umpteen urban center institutions of high instruction (IHEs) focus on providing service to their wider communities. For these some(prenominal) reasons, it is priceless to examine IHEs impact frugal development in their forces cities and regions, including some of the unique challenges they face. As we saw in the font of Pittsburgh in the Dietrick and Briem piece, higher education can be a large part of a citys economic activity. They note that Pittsburgh like many cities turned to higher education and other nonprofit organizations in their shift from a manufacturing economy. Three of the screen 15 employers (in terms of number of employees) in Pittsburgh were universities. More than 42,000 kingdom from those institutions alone were employed in the city, paying income taxes and spending space at Pittsburgh businesses.

In fact, those urban IHEs and their students and employees draw businesses through agglomeration to deposit on and support them. Even though, as Dietrick and Briem point out, nonprofit IHEs atomic number 18 mostly tax exempt, many of the businesses they draw add greatly to the tax roles and take in the economy. An additional important econo mic benefit that IHEs provide is the concep! tion of new knowledge, and often, new markets. University interrogation brings in and spends large amounts of external funding from government, industry, and foundations. That alone adds to the economy, but the results of the research can greatly exceed the inputs. Researchers often start new businesses and/or attract other businesses to the area from the same...If you want to arrest a salutary essay, order it on our website: OrderEssay.net

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