Locating near a University benefits your company’s bottom line
Recently posted by Area Development Online, an article touts the importance and great benefits to companies that locate near a university. In Grand Forks, we are extremely fortunate to have a prestigious research university within our community that is very willing to form partnerships and create connections with local companies.
The ADO article beings…
There are numerous examples of successful collaborations between universities and industry. Chief executive officers and others involved in site selection should consider whether collaboration with one or more universities would enhance their next facility location decision. In the right circumstances, working with a research university in the area in which your company is locating may prove to add tremendous value. Three key areas need to be considered:
1. R&D of new and innovative technologies, processes, and products;
2. Best practices for business leadership and management principles; and
3. Work force development and recruitment of engineering and management talent, as well as talent for other positions.
If these considerations are important to your company’s decision, an effective partnership with one or more institutions of higher education may help position your next facility location for long-term success.
Click here to continue reading this article.
Click here to contact the EDC and discuss how you can potentially partner with the University of North Dakota or Northland Community and Technical College.
