Current News Releases
May 4, 2007
SCRA recognizes Sorensen’s contributions to knowledge economy
To promote the growth of the knowledge economy in South Carolina and throughout the nation, the South Carolina Research Authority (SCRA) has recognized Dr. Andrew Sorensen, president of the University of South Carolina, for his contributions to South Carolina’s burgeoning knowledge economy, which creates high-salaried technology jobs, nurtures new ventures and capital investment, and builds equity in a globalized future.
“Part of SCRA’s role in its dedication to this state’s and this nation’s knowledge economy is to recognize those outstanding citizens in our society who have made significant contributions to the advancement of the knowledge economy,” SCRA CEO Bill Mahoney said. “The vision of this state’s financial strength is pinioned on a robust and vigorous knowledge economy, where the value of the mind shapes the successful profile of progress and great prospects for the future.”
Mahoney drew on classical roots for his inspiration in creating the SCRA awards: “In history, economists have held multi-faceted roles in our society. They explored the unknown in Homer’s ’Odyssey’ ...they have created societal structures for transactions... they have even invented money and were responsible for creating the first Greek coins. Aristotle once described economists as researchers of ’the science which has as (its) purpose to help the people to increase their revenue.’”
SCRA dedicates itself to collaborating to shape the knowledge economy in South Carolina. Since its inception, SCRA has had a total economic impact of more than $6.9 billion and has created more than 15,000 jobs. According to a university study, SCRA’s sustaining contribution should reach annually at least $1.2 billion. SCRA collaborates with the research foundations of South Carolina universities like Clemson University, the University of South Carolina and the Medical University of South Carolina.
Mahoney recognized Dr. Sorensen at the May 3 announcement of the SC Launch!™ - sponsored ribbon cutting ceremony of Advanced Automation Consultants (AAC) in Columbia. AAC is an information technology services company dedicated to helping organizations improve their performance through the innovative application of technology.
