Despite the attention and significant public resources devoted to promoting innovation and entrepreneurship, there has been little agreement about how to measure outcomes and progress towards achieving the larger objectives of increasing economic development. Under a grant from EDA, the University of North Carolina and the George Washington University have been collaborating to develop new measures of performance based upon a new framework for economic development policy in order to assess capacity building outcomes and their relationship to realized economic growth outcomes. At the foundation of these metrics is a definition of economic development and a logic model that advances our understanding of economic development, differentiating it from economic growth. Speakers will discuss the implications of the definition of economic development including the role of government as a provider of infrastructure and capacity-building systems that are beyond the ability of the market to provide. Speakers will also explore how universities might increase their engagement to advance economic development through the new, exciting framework. • Tom Guevara, Deputy Assistant Secretary for Regional Affairs, Economic Development Administration, U.S. Department of Commerce (moderator) • Arthur Boni, John R. Thorne Distinguished Career Professor of Entrepreneurship, Tepper School of Business, Carnegie Mellon University • Maryann Feldman, Principal Investigator and Heninger Distinguished Professor, Department of Public Policy, University of North Carolina • Andrew Reamer, Research Professor, GW Institute of Public Policy, George Washington University • Bob Starzynski, Director of Business Development, Innovation Works