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The US Department of Labor has identified geospatial technologies, along with nanotechnology and biotechnology, as one of the three most important high-growth industries in the 21st century.
Examples of geospatial research, technologies and applications include 
U of M students and faculty create and study these technologies, their underlying principles, and their societal ramifications. U of M has long been home to geospatial research and learning
Borchert Lecture
David DiBiase, Director of Education at ESRI, will give the fifth annual Borchert Lecture, which honors the late John Borchert, University of Minnesota Regents Professor in Geography and member of the U.S. National Academy of Science. His lecture titled Ways Forward for GIS&T Education is inspired by a forthcoming book, Teaching GIS&T, co-edited with David Unwin, Kenneth Foote, and Nicholas Tate. David DiBiase leads the Education Team within Esri's Industry Solutions group. The Team promotes and supports GIS use to enrich teaching and learning in formal and informal settings, domestically and internationally. Before joining Esri, David founded and led the Penn State Online GIS Certificate and Masters degree programs.
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