Adopted by the Board of Governors of the University of North Carolina in May of 2006, the Report of the Special Committee on Community and Economic Development makes clear that addressing the "economic development needs of the state must become a central objective for the University." The report is found below in its entirety.
In the report, the Board provides the following set of five far-reaching goals that must be met in order to achieve their objective:
Goal 1: Deliver learning that meets the needs of the 21st century economy
Goal 2: Enhance the capacity of public institutions to implement successful and sustainable economic development policies
Goal 3: Enhance opportunities for research and innovation
Goal 4: Provide support to build competitive businesses
Goal 5: Grow high-quality, healthy and attractive communities

BOG Special Committee Report
The Board of Governor's Subcommittee on Economic Transformation was created by the Public Affairs Committee, under the leadership of committee chair Leroy Lail.
The Economic Transformation Subcommittee is charged with ensuring that the University's core mission of teaching, research, and public service continues to support the economic development of the state of North Carolina. Subcommittee membership consists of the following individuals:
Charles Hayes
Bunny Sanders
Fred Mills