There was, for example, a value in maintaining the viability and vitality of the region through local people remaining in the area to study.
EIT offered programmes aligned to the strengths of the regional economies, particularly those centred on agriculture, horticulture, wine and food production, as well as to industries that supported the primary sector such as manufacturing and business services.
"EIT also offers courses and programmes that meet the needs of the population - education, health and the social services sector."
Dr Nana said EIT programmes helped build the brands of Hawke's Bay and Tairāwhiti and profiled what EIT and its graduates offered to the rest of the country.
EIT chief executive Chris Collins said the report, initiated to mark the 40th anniversary of the founding of the institute in 1975, was aligned to Matariki, the Hawke's Bay's Regional Economic Development Strategy (REDS).
"It positions EIT as one of Hawke's Bay and Tairāwhiti's success stories because of the contribution it makes to both these regions and its economic impact can only continue to grow."
Business Hawke's Bay chief executive Susan White agreed that EIT contributed significantly to the economic development of the region.
As a business, it continued to meet the needs of the community, she said, developing programmes that ranged from an entry point to tertiary education through to postgraduate studies.
It also provided services in its own right. As an example of that, she said, "Business Hawke's Bay, as the region's business-led regional economic development agency, worked with EIT to design and implement research relating to business travellers."