The document discusses Penn State's role in economic, workforce, and community development. It outlines four pillars of development: economic impact, human capital development, research and innovation, and community engagement. Penn State has a $6.1 billion annual economic impact on Pennsylvania through job creation, research, and alumni employment. It fosters development through initiatives like internships, entrepreneurship programs, workforce training, technology licensing, and research parks. The goal of the conference is to further engage faculty and elevate Penn State's role in statewide development.