There are countless aspects to growing the economy, but none is more important than
jobs. Without jobs, economic progress stalls as consumer confidence erodes and cash
Utah Valley University has long recognized the vital role that institutions of higher education play in economic development. UVU's emphasis on engaged, or experiential learning and the longstanding institutional focus on community integration are examples of the University's historical role in facilitating economic growth in Utah. Today, UVU is more engaged than ever in actively promoting economic growth and opportunity.
UVU's primary focus is on working with entrepreneurs to create new companies and helping small and medium–sized firms grow. UVU also supports state efforts to recruit and retain companies that add value to Utah's economy.
The BRC supports economic development by creating, growing, attracting and retaining companies that provide jobs. The BRC's emphasis is on creating and growing (75%) and provides support for state efforts to recruit and retain (25%).
In 2010, UVU President Matthew S. Holland convened some of the state's top business leaders to identify points of collaboration between industry and higher education. That process yielded a seven-point strategy:
UVU hosts the state's cluster acceleration project in the burgeoning area of digital media. The Utah Cluster Acceleration Project (UCAP) is a collaborative effort designed to "provide a framework for formulating and implementing effective public policies and making public investments to foster economic development." It is a joint initiative between the Utah System of Higher Education (USHE), Department of Workforce Services (DWS) and Governor's Office of Economic Development (GOED), with various host sites throughout the state.
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