Beginning with the creation of the first university and the original mission of research and teaching, universities have been important contributors of knowledge and human capital. [...] Historical narratives of the three universities and the Georgia policy environment surrounding higher education and commercialization provide the context by which the impact of the economic recession might be better understood. [...] In 1990, in order to promote local economic development, the state of Georgia began to invest in programs to support relations between universities and industry, university excellence, and the commercialization of university activities, all of which benefited the three institutions of higher education studied here. [...] Its mission ‘to provide the state of Georgia with the scientific and technological base, innovation, and workforce it needs to shape a prosperous and sustainable future and quality of life for its citizens’ specifically targets the state as main beneficiary of its innovation and scholarship (Georgia Institute of Technology, 2010). [...] Of the survey respondents who experienced a negative impact from the financial crisis, 47% had a reduction in the availability of 28 research assistants (83%) and postdoctoral students (65%).6 The reduction is due in part to the increase in tuition and fees, as mentioned earlier, as well as less central university and departmental funding for fellowships and grants.
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