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Louisville Cardinal Editorial Staff

Louisville Cardinal Editorial Staff. October 30, 2009. Thank you for this opportunity!. 2. Goals. Dialogue – ongoing Some history Where we want to go Listen to you. 3. Economists like pictures and graphs Some dots and a triangle…. 4. Last year has had its challenges….

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Louisville Cardinal Editorial Staff

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  1. Louisville Cardinal Editorial Staff October 30, 2009

  2. Thank you for this opportunity! 2

  3. Goals • Dialogue – ongoing • Some history • Where we want to go • Listen to you 3

  4. Economists like pictures and graphsSome dots and a triangle… 4

  5. Last year has had its challenges… • Wind • Ice • Flood • Neurosurgery • Personnel Issues And of course, the worst economy since the Great Depression. 5

  6. We know that nationally times have been unprecedented… GDP Declines During Postwar Recessions (peak-to-trough percent change; date is year of peak quarter) 6

  7. U. S. Job LossAre we out of the woods yet? 7

  8. …and Kentucky has not been immune to those impacts Nonfarm employment in thousands Dec. 2007 1,871.9 Sep. 2009 1,758.6 (p) Employment 2009 = employment 1999 p: preliminary 8

  9. Kentucky Economy: Manufacturing – Our Bread and Butter Manufacturing employment (in thousands) Sep. 2009 208.9 (p) p: preliminary 9

  10. We (Kentucky) face challenges • Big challenges • Structural challenges • We will struggle for a while – next biennium budget will be ugly 10

  11. What’s all this have to do with UofL? We are expected to help improve economic opportunity and quality of life for Kentuckians (HB1 – 1997) Law has not changed. 11

  12. “U of L to be Premier Nationally Recognized Metropolitan Research University” “Challenge for Excellence” (1998 – 2008) “We met Challenge” 2020 Plan 12

  13. The weak economy has an impact on us too… Kentucky Employment Losses State Individual Income Tax/Sales Tax Cuts/Cuts/Cuts 9 for 9 13

  14. Some numbers…(Depressing, aren’t they) e – estimate a – actual r - revised 14

  15. And… Despite cuts and other distractions, we are making progress… 15

  16. Our Students… • 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 16

  17. Why we are getting the best students… • Commitment to quality • Small campus experience • Freshman English classes are limited to 22 students • 19:1 student/faculty ratio • Active student advising • 250 student organizations and growing • Our Covenant • Affordability 17

  18. Our Graduates… • 1998 – 1,734 degrees awarded • 2009 – 2,475 degrees awarded • 2020 Goal – 3,074 • Graduation rate • Increased from 30% in 1998 to 48.4% in 2009 • 2020 Goal – 60% • Doctoral Degrees • 1998 – 76 • 2009 – 142 • 2020 Goal - 350 18

  19. Our Research… Research Funding and NIH Funding Total grants: 1998 - $42 M 2009 - $140 M 2020 Goal - $400 M 19

  20. “From mind to marketplace” Note: By 2008, 130 patents were issued, a 136% increase since 1998. 20

  21. We have far, far more to do despite the challenges! 21

  22. How do we do this with cuts? • Reengineer operations • Convert underperforming assets to fully performing assets • Increase fundraising • Expand clinical activities • Develop partnerships • Improve contract research/commercializing • Being creative (e.g. TIF)

  23. How do we do this with cuts? 2. Under performing assets… 1. Reengineer operations 3. Increase fundraising… 4. Expand clinical activities

  24. How do we do this with cuts? 5. Develop partnerships… 6. Improve contract research/commercialization… 7. Being creative (e.g.. TIF) 24

  25. Some other thoughts… • Biggest dividends • Minimized unit cuts • Continue to leave “carry forward with Deans/VPs • but • We know…salaries/operating/etc.” 25

  26. So let’s wrap up… We have been challenged, significantly challenged But we have progress, significant progress It isn’t going to get any easier – challenges are not going away But we will stay focused and do the best we can WHY? 26

  27. Per Capita Income in All 50 States v. Adults with Bachelors Degrees or Higher - Data for 2007 2007 27

  28. The 2020 PlanWhat we will try to do 28

  29. 2020 Strategic Plan Creation 29

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