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National Science Foundation Awards Bentley College Research Grant

January 29, 2007

The National Science Foundation (NSF) awarded Bentley College a grant of approximately $165,000 for research to help states generate science and technology (S&T) reports that are aligned with economic development strategies and competitive strengths. Despite their proliferation during the past 10 years, state S&T reports have received little systematic review.

The project, "Assessing State Science and Technology Reports: Lessons for Benchmarking Technology-Based Economic Development (TBED)," will be led by principal investigator Patricia Flynn, Trustee Professor of Economics and Management, and co-principal investigator David Schwarzkopf, associate professor of accountancy.

"State economic development efforts seek to increase employment, tax revenues and long-term economic growth," says Flynn. "Better aligned reports will help a state benchmark its progress over time, as well as help states compare themselves to other states with which they compete for employers, jobs and workers."

The research focuses on technology-based economic development strategies, which include a push for high-tech development through support of entrepreneurial technology-based start-up firms as well as the revitalization of relatively large, more traditional firms via the adoption of new technologies and processes.

"The aim is to identify best practices for states in developing S&T reports that measure progress toward TBED goals," Flynn notes. "Monitoring key indicators over time and benchmarking against other states can provide valuable input for assessing progress toward economic development goals and guidance for future resource allocation."

The results, she says, could also help states focus attention on long-term economic development issues -- such as investment in education and infrastructure -- that extend beyond political administrations and short-term or cyclical issues.

Flynn has been actively involved in research, teaching and public policy initiatives in the areas of innovation, technology and economic development for more than two decades. Schwarzkopf conducts research on the social structures that support performance measurement and organizational reporting, and the behavioral processes involved in using measures for evaluation.

BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit

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