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Leadership Louisville Class of 2010. Dr. James R. Ramsey President University of Louisville. April 13, 2010. Thank you Leadership Louisville for 31 years of making a difference. Congratulations on your graduation! . 2. Economists like pictures and graphs Some dots and a triangle…. 3.

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Leadership Louisville

Class of 2010

Dr. James R. Ramsey

President

University of Louisville

April 13, 2010


Thank you Leadership Louisville for 31 years of

making a difference.

Congratulations on your graduation!

2


Economists like pictures and graphs some dots and a triangle
Economists like pictures and graphsSome dots and a triangle…

3



Non farm employment

U.S. Job Loss

It has been tough

(Non Farm Employment)


Nonfarm employment in thousands

Kentucky has not been

immune to the downturn – job loss

(Nonfarm employment in thousands)


Kentucky economy manufacturing our bread and butter
Kentucky Economy:Manufacturing – Our bread and butter


So??

Kentucky Employment Losses

State Individual Income Tax/Sales Tax

Cuts/Cuts/Cuts

9 for 9

With two more on the way…


But despite economy/cuts/challenges…

UofL has been given a job to do

It is the law of Kentucky!

9


Post secondary education improvement act of 1997
“Post Secondary Education Improvement Act of 1997”

It is the responsibility of

Higher Education to:

“Increase economic opportunity/quality of life for the people of our community/state”

10


U of l is to be premier nationally recognized metropolitan research university

“Post Secondary Education Improvement Act of 1997” also says…

“U of L is to be Premier Nationally Recognized Metropolitan Research University”

11


Three keys
Three Keys

Premier

Research

Metropolitan


Everyone understands why this is important
Everyone understands why this is important

“The University of Louisville and the city of Louisville drive our state.”

John Calipari, UK Basketball Coach

Courier Journal, January 22, 2010


So we are moving forward
So we are moving forward

  • #1 – Better students – policy importance

  • Freshman class average ACT

    • 1998 – 21.4

    • 2009 – 24.5

    • State avg. – 20.8 (19.4)

    • National avg. – 21.1

  • 24 National Merit Scholars

  • More students from outside Jefferson County than inside

14


We are moving forward

#2 - Our Graduates – policy importance

  • 1998 – 1,734 degrees awarded

  • 2009 – 2,428 degrees awarded

    • 2020 Goal – 3,074

  • Doctoral Degrees

    • 1998 – 76

    • 2009 – 142

    • 2020 Goal – 350

  • A Rhodes Scholar


We are moving forward
We are moving forward

#3 – Research – policy importance

Total extramural funding awards:

1998 - $42 M

2009 - $140 M

2020 Goal - $400 M

16


Research that makes a difference
Research that makes a difference

Adult Heart Stem Cell Transplant

Rebuilding hearts and lives

James Graham Brown Cancer Center

Breast Accreditation

First in Kentucky

Fueling with bio-diesel

17


We are moving forward1
We are moving forward

#4 – Community – policy importance

12th Best “Community” Neighbor University in the country

  • Earned a B+ from Sustainable Endowments Institute; tied for top honor with Berea College

  • Scholar House – 56 apartments housing single mothers working on their education

  • Dental School – dental clinics in Eastern Kentucky

  • Signature Partnership

  • Revitalizing neighborhoods

    • Park Hill

    • Province

    • Reynolds Lofts


We are moving forward

Economic Development

#5 – Driving the economy

  • 9,764 jobs created (direct & indirect)

  • Roughly – 40% of net new jobs created in Kentucky during the time frame studied

  • And just recently – team effort – Signature HealthCARE

The University of Louisville:

An Engine of Growth from 2003-2009

Manoj Shanker

January 2010


Growing Economy

  • Expanding education programs

  • Growing research

  • Athletic success

  • New construction


We are driving the economy
We are driving the economy…

Construction projects

Louisville Arena

Center for Translational Research

ShelbyHurst

Outpatient Center

21


UofL – the Driver

Major Construction Projects

Belknap Campus

Belknap Entrance/Oval

Belknap Research Building

Cardinal Station

Chemistry Vent Phase I

Code Improvements-Fire Safety

Community Park Dorm

Ekstrom Basement Archives

Ekstrom Library Expansion

Ernst Hall

Greek Housing

Houchens-Graduate School

Kentucky Trailer

Kersey Library Renovation

Kurz Hall

Lacrosse Field

Minardi Hall

MITC

Natatorium

Old World Pasta Plant

Patterson Baseball Stadium

Second Street Property

The Bellamy

The Province

Threlkeld Hall Honors Program

Trager Center Fieldhouse

Trager Field Hockey Expansion

Yum Center


UofL – the Driver

Major Construction Projects

Health Sciences Campus

Cancer Center Renovation Cardiovascular Innovation Institute

Chestnut Garage Expansion CII Renovation

Clinical & Translational Research Bldg. Delia Baxter Research

Dental School 1st Floor Haymarket

HSC Fitness Facility HSC Parking Garage II

Inhalation Lab Phoenix Place Apartments

School of Public Health Tunnel Extension/Improvements

Shelby Campus

Center for Predictive Medicine

Regional Computer Forensics Lab

ShelbyHurst Development Work

Other

Cressman Center – Downtown

Louisville Arena - Downtown

Total $1.0 billion


UofL – the Driver

Great Investment

  • Taxpayer ROI (return on investment)

    • Every dollar UofL receives in state funds results in an additional $4.12 going into the economy

    • In 2003 the ROI was $2.71

  • Source: Manoj Shanker


How we do this with budget cuts…

  • Expense management/reengineering (cut $135 m costs)

  • Focus on “underperforming assets”

  • Increase fundraising

  • Growing clinical programs/income

  • Grow research/commercialization/industry contracting

  • Partnerships with private sector

  • Being creative (e.g. TIF)


So to wrap up…

Economic opportunity/Quality of life

  • Education – “creative class” – jobs follow people

  • Research – is economic development

  • Helping build new “clusters”

    • Healthcare/life sciences

    • Logistics/distribution

    • Energy

  • Investing in community


Education pays
Education Pays

Per Capita Income in All 50 States v. Adults

with Bachelors Degrees or Higher

Data for 2007

2007

27


  • Keeping the engines running…

  • 4 keys to Kentucky’s future

  • Education – Early Childhood

  • Education – K-12

  • Education – Higher Ed

  • Education – Lifelong learning

  • The fuel for an economic recovery is educating

  • Kentucky’s citizens.

28


Yet kentucky chamber the leaky bucket corrections
Yet – Kentucky Chamber: The Leaky Bucket Corrections


Other big leaks
Other big leaks…

  • Medicaid

  • Public employee benefits

    • Retirement

    • Health insurance

      Diverting money from our future growth

30


Thank you!

Questions/Discussion

31


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