LOS ANGELES — The Milken Institute, a leading economic think tank, and New Economy Strategies, a Washington, D.C.-based consulting firm with extensive expertise in regional economic development, have formed an alliance to help communities identify and implement ways to create technology-based growth.
Ross DeVol, Director of Regional and Demographic Studies for the Milken Institute, and Richard S. Seline, Founder of NES, said that by combining their resources on designated projects, they can help regions transform their economies from traditional industries to the New Economy demands of technology-focused entrepreneurship and innovation.
The two organizations will work together on regional projects as well as national initiatives, conferences and research into the next generation of community and regional technology-based economic development.
The Milken Institute′s Regional Studies scholars are experts on the impacts of technology on regional economic growth, and have published several highly acclaimed studies showing the strong relationship between high-tech and metro growth. Their 1999 report, "America′s High-Tech Economy," is considered a key document on which to benchmark community development.
The Institute has worked with several communities and institutions in Ohio and New Mexico, as well as the state of California, to help form strategies for growth in the New Economy. Its staff offers expertise in benchmarking, assessment and analysis.
NES is a leader in economic development strategy and implementation. It has worked in 25 communities across the nation, advising community, academic and entrepreneurial leaders on projects that maximize the economic and strategic goals of cluster development and growth. The company has worked with the communities of Austin, San Antonio, Pittsburgh, greater Washington, D.C. and Cleveland among others. NES has conducted two national projects focused on innovation and university-industry partnerships for the biotech, life science clusters in the U.S., and recently completed a five-year statewide strategy for the State of Texas′ life sciences.
Contact:
Sujal Shah
New Economy Strategies
(202) 481-3733
[email protected]
www.regional-strategies.com