Evaluating Technology-Based Economic Development

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Investments in technology-based economic development programs have soared during the last few decades, with interest fueled by the emerging economy variously referred to as ‘digital,’ ‘information,’ knowledge,’ or ‘new.’ Development organizations at all levels have designed and integrated myriad programs and policies, each designed to capture the most technological benefit for their respective jurisdictions. This book provides a review of the conceptual and practical issues of evaluating technology-based economic development programs. Evaluations are illustrated through a case study of one of the U.S.’s longest-established technology development programs, the Advanced Technology Development Center at the Georgia Institute of Technology. Evaluative approaches include the use of surveys, fiscal impact and cost-benefit analysis.


“Phillips demonstrates both strengths and weaknesses of several current methodologies for evaluating these programs, drawing on a case study of one of America’s longest-established technology business incubators. Policymakers, technology managers, would-be incubator entrepreneurs, and students of the technology development process will all benefit from attention to Phillips’ analysis and findings.” – Philip Shapira, Georgia Institute of Technology

“… well-written…. shows an admirable grasp of the full range of the economic development literature. I have no doubt that it will be a very useful contribution to the field.” – John M. Levy, Virginia Polytechnic Institute and State University

Table of Contents

Table of contents:
Preface; Introduction
1. Dimensions of Technology-Based Economic Development
2. Evaluation of Technology-Based Economic Development Programs and Policies
3. Case in Point: The Advanced Technology Development Center
4. Application: Evaluation Using Survey Methods
5. Application Evaluation Using Fiscal Impact and Cost-Benefit Analysis
6. Conclusions and Implications
Bibliography; Index

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