Since 1992, ViTAL Economy (VE) has worked with regional economies throughout the United States, Canada and Australia to develop, implement and finance transformative, asset-based community economic development (CED) initiatives. These initiatives have achieved tangible and measurable triple-bottom line results that include:
The tools and processes that form the basis of the Formula For A ViTAL Economy have evolved since 1974, when founder Frank Knott recognized that traditional approaches to economic development were no longer effective in the emerging 24/7 knowledge economy. He drew from the depth and breadth of his private and public-sector experience to establish the principles and methods upon which the VE Alliance is founded. A commitment to constant refinement of the Formula for a ViTAL Economy has yielded the eight steps of the VE Journey, which are based on the premise that we are now in a networked economy where wealth and prosperity are created through people networks enabled by technology networks.
VE also has been a key advisor for broadband digital-divide initiatives in 40-plus states, seven Canadian provinces, two Australian states and several island nations. We’re recognized for our ability to facilitate collaboration among competitive network providers and for helping them understand that a networked economy can expand demand for broadband connectivity services from 1.5% to 6% of regional GDP. We’ve helped form numerous network provider communities of interest (COI) in connection with VE-led regional economy initiatives. The goal of every VE initiative is to:
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