Existing technology and information, when transferred to the public and private sectors, provide opportunities for government and industry to create new industries, and thus, new jobs. Colleges and universities have traditionally fulfilled their public service and community outreach mission through continuing education programs. Whereas the programs have historically provided night schools and part-time degree programs, they have now expanded their formats and curricula to include problem solving, facilitation, and community development. One aspect of community development is economic development. Such an increase may be manifested by positive changes in the level and distribution of area employment, by increases in per capita income, or both.
Economic development implies an improvement in the economy of a local area or region.
This question may best be answered by a look at the historical development of HBCUs. The earliest of these colleges was formed during the 1830s to provide educational opportunities for black Americans, most of whom as slaves were prohibited from receiving an education. From that early beginning, HBCUs took on the responsibility of contributing to the economic well-being of black Americans. Although black Americans now have greater access to educational opportunities than they did 150 years ago, there are several reasons that HBCUs might consider continuing, developing, or enhancing their involvement in economic development activities. One, increasing enrollment and financial pressures can be countered by developing programs that reach new clienteles.