The IEP University designation is an excellent way to elevate the visibility of an institution’s excellence in and commitment to regional economic and community development. However, a great value of the designation program lies in the process in which institutions earn the designation. Institutions engage on and-off-campus stakeholders to collectively assess strengths and areas of needed improvement in how the university knows, measures, and tells its economic engagement impact. At the heart of the IEP Universities program is promoting institutional change to maximize the impact of research, learning, and engagement on the regional economy and society.
Testimonials of impact: Testimonials from higher ed leaders across the nation have affirmed the value of the IEP Universities program. In their recent book Land-Grant Universities for the Future (Johns Hopkins University Press), Gordon Gee, President of West Virginia University, and Stephen Gavazzi, Professor at Ohio State University, describe the IEP designation as having played a critical role in advancing our understanding of exactly how America’s public and land-grant universities continue to make significant intellectual and economic contributions to the well-being of our nation.
Substantive outcomes: Voluntary institutional change is central to the impact of the IEP Universities program. After achieving the IEP University designation, many institutions have implemented the growth and improvement plans they identified as part of their application process. Campuses have re-structured economic development units, modified strategic plans, created or expanded on new events and public affairs efforts to tell the story of impact, and strengthened their operations by implementing best practices. See Forbes article covering the strategic impact of IEP designees in the COVID-19 era.
Time well invested: In a 2018 survey of IEP designees, 72 percent of institutions agreed or strongly agreed with the statement “The designation has resulted in definable benefits to the university.” (14 percent felt they could not comment due to staff transitions from the point of earning the designation).
Value of outputs: Recognizing the value of the IEP Universities designation program for studying best practices for university-based economic development, the U.S. National Science Foundation and the U.S. National Institute for Standards and Technology in the Department of Commerce have have funded nearly $400,000 in research studies of IEP designees at the University of Central Florida and the University of Michigan. Further studies are currently being planned.
Access for all: Responding to participation interest from non-APLU member institutions, APLU has expanded the IEP opportunity to non-member institutions through a partnership with the University Economic Development Association.
APLU staff are committed to helping institutions maximize the value out of their participation in the program. Learn more about how your institution can benefit from the IEP Universities program.