Redlands, Calif. (PRWEB) October 05, 2013
The University of Redlands School of Business and the Coachella Valley Economic Partnership (CVEP) have been awarded a $200,000 federal grant as part of a national $7 million investment from the U.S. Department of Commerce and Agriculture, the Environmental Protection Agency and Small Business Administration. The University of Redlands School of Business is a co-applicant on this grant for the amount of approximately $85,000.
“We’re thrilled to receive this federal grant and look forward to working with our colleagues at the Coachella Valley Economic Partnership. This grant will allow our faculty to provide cutting edge spatially-based analysis and develop strategic plans that will help revitalize the economy of our neighbors in the Coachella Valley,” said Stuart Noble-Goodman, dean of the School of Business at the University of Redlands.
The grant has been awarded as part of the first funding phase of the Investing in Manufacturing Communities Partnership (IMCP), an initiative of the Obama Administration that is designed to accelerate the resurgence of manufacturing in the United States and create jobs across the country.
The Coachella Valley Economic Partnership is the regional economic development organization for the region that spans from the Salton Sea to the San Bernardino Mountains. CVEP will use the grant funds to develop plans for a Coachella Valley Advanced Manufacturing iHub. The new center will be modeled after CVEP’s successful CViHub and Accelerator program and campus in Palm Springs.
"What we are doing in the Coachella Valley with the Innovation Hub Accelerator program is building the new economic growth model in California post RDA. The focus is rebuilding California's manufacturing job base," notes Thomas Flavin, CVEP’s President/CEO.
As part of this grant, the University of Redlands School of Business faculty members will do the following:
- Provide fine-grained economic analysis of regions with similar compositions of business activities as the Coachella Valley so that valuable lessons learned in other regions can help CVEP formulate its strategy to develop manufacturing incubators and accelerators. This work will be led by Johannes Moenius, director of the Institute for Spatial Economic Analysis (ISEA) at the University of Redlands.
- Conduct in-depth case studies to deepen understanding of the specific needs that growth companies, startups and economic developers face in the Coachella Valley. This work will be led by Avijit Sarkar, director of the Center for Business GIS and Spatial Analysis (GISAB) at the University of Redlands.
- Conduct workshops with the constituencies in Coachella Valley, including the CVEP, local entrepreneurs, local government and the local press that focus on business plan writing and execution. This plan will incorporate GIS and its applications for SMEs (small and medium sized enterprises) and discuss specific challenges of economic development in the Coachella Valley and the resulting necessities to adapt business models. This work will be led by Jim Spee, director of Graduate Programs in the School of Business at the University of Redlands.
This first phase of the federally funded program provides 44 planning grants and investments totaling $7 million across the country to support the creation of economic development strategies that recognize the community’s comparative advantages as a place to do business, invest in public goods and encourage collaboration between multiple different entities to expand the area’s commercial appeal to investors.
University of Redlands:
The University of Redlands is an independent, non-profit, liberal arts and sciences university consistently ranked among the best master’s universities in the nation. Since the university's founding in 1907, Redlands has emphasized academic rigor, personal development and interdisciplinary studies. An "Education +" culture of elevated learning provides students with a holistic education that results in a unique life transformation. Redlands students learn equally about service, commitment, life and the world. Adults may continue their education with programs tailored for working professionals at the Schools of Business and Education, offering evening degree-completion and graduate programs at 10 convenient Southern California locations.