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How do the partnerships Baylor has built with other Waco and central Texas organizations help leverage the university's contributions to economic development?

June 17, 2009

Hyde: Such partnerships leverage one another in a number of ways. The oldest of these is the long-standing partnership Baylor has with Texas State Technical College Waco. This partnership allows Baylor and TSTC Waco faculty, staff and students the opportunity to interact and work together. Since its inception in July 2007, the BARI has both focused and expanded this partnership. Through the BARI, Baylor now has, or is forming, close working relationships with multiple regional economic development organizations such as the Waco Industrial Foundation, the Waco-McLennan County Economic Development Corporation, the Heart of Texas Council of Governments, the Greater Waco Chamber of Commerce, and the Bellmead Economic Development Board. All of these relationships offer a unique economic development focus. The common thread is that all of them receive regular queries from business concerns expressing a desire to relocate to the Waco area. The BARI now participates in the majority of the written "request for proposal" responses to these business concerns, providing key answers to questions about the availability of potential high technology research collaboration and support to industry. When these businesses take their search to the next level and visit the Waco area, Baylor University is well represented, helping to leverage the Chamber's efforts.

Vaughan: Partnerships with Baylor and our colleges supply the skilled workforce and training that is critical to our existing and new employers. Equally important are Baylor's faculty and students who bring vitality to our downtown and region. Through the BARI, our partnership in economic development continues to grow at an exponential rate. By connecting research at Baylor to local companies and entrepreneurs, greater Waco has a new and powerful economic development tool that will drive innovation and create wealth in our region.

Partnerships with Baylor and our colleges supply the skilled workforce and training that is critical to our existing and new employers. Equally important are Baylor's faculty and students who bring vitality to our downtown and region.