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, differentiate out instruction and training for current and future generations, learn interrogation and develop radical knowledge, and absorb other supporting(a) businesses and service through agglomeration. Additionally, unique urban missions of many an(prenominal) city institutions of high program line (IHEs) focus on providing service to their wider communities. For these some(prenominal) reasons, it is priceless to examine IHEs impact sparing development in their forces cities and regions, including some of the unique challenges they face. As we saw in the baptistry 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 turne d to higher education and other nonprofits in their shift from a manufacturing economy. Three of the blanket 15 employers (in terms of number of employees) in Pittsburgh were universities. More than 42,000 community from those institutions alone were employed in the city, paying income taxes and spending berth at Pittsburgh businesses.

In fact, those urban IHEs and their students and employees draw businesses through agglomeration to catch 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 ta ke in the economy. An additional important ! economic benefit that IHEs provide is the inception of new knowledge, and often, new markets. University interrogation brings in and spends large amounts of alfresco 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 abounding essay, order it on our website: BestEssayCheap.com

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