SUBSCRIBE TO OUR BLOG
STAY CONNECTED ON SOCIAL MEDIA
August 24, 2016
Why We Should Encourage Innovation In Amarillo
“To foster economic growth, innovation clusters need to draw on the power of an interrelated ‘quad’ of sectors: public, private, civil, and academic.” - Ernest J. Wilson III, USC
Earlier this summer, in a meeting with Kyla Frye of the WT Enterprise Center, I was introduced to the concept of the “Quad,” an economic model created by a dean at the University of Southern California. Jeff Reid, Incubator Director at the WT Enterprise Center, had written a report on the model for an Economic Development capstone project.
In essence, the model suggests that collaboration and vision alignment across four sectors — government, business, nonprofit and academic — is the key to a community’s maintained economic growth.