Our role in Economic Development?
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 stops flowing.
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%).
Business Engagement Strategy
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:
- Technology Commercialization Office: Turning academic and entrepreneurial ideas into viable businesses.
- Entrepreneurship Initiatives: Leveraging resources to spur small business.
- Cluster Acceleration: Driving the state's digital media cluster project.
- Career Pathways: Collaborating with public education to give students a head start.
- Educational Rigor: Preparing students for a changing global environment.
- Dialogue with Industry: Partnering with business to promote growth.
- Focus on China: Understanding the world's second largest economic force.
Digital Media Cluster Acceleration Project
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.
UVU Business Resource Center
815 W. 1250 South
Orem, UT 84058