The study demonstrates the positive impact Innovation Quarter has had on the city of Winston-Salem and the region and reinforces the commitment made by Atrium Health Wake Forest Baptist and Wake Forest University School of Medicine β the academic core of Advocate Healthβto innovation and economic development here.
This technique models economic relationships between sectors and how Innovation Quarter expenditures within the regional economy flow through suppliers and vendors as additional inputs are purchased and through employees, faculty, staff, and other Innovation Quarter-based workers who spend their wages in this economy. This includes direct effects people employed by tenants in the iQ , indirect effects how and where businesses in the iQ purchase goods and services and induced effects how wages are spent and induce other jobs within the regional economy.
Together, The Pearl and Innovation Quarter will create a regional corridor of collaboration and innovation with lasting positive economic and functional impacts. It not only encourages investment within the district itself β it has also redefined the value proposition of Winston-Salem as a whole being an ideal place to locate.
Through a process of interviewing key stakeholders, partners, tenants and neighbors, TEConomy identified seven key areas in which Innovation Quarter is deeply investing time and resources in ways that are making a difference:.
To date, the Innovation Quarter is made up of 2. Skip to content. Through a process of interviewing key stakeholders, partners, tenants and neighbors, TEConomy identified seven key areas in which Innovation Quarter is deeply investing time and resources in ways that are making a difference: Awareness and Outreach: Building a platform for regional innovation activities, marketing efforts, and thought leadership.
