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Leveraging Knowledge Assets for Wealth Creation. Alan W. Seadler Ph.D. Associate Academic Vice President –Research Duquesne University. University roles in economic development. Porter, M. (2007) Forum Futures. Employer Purchaser Real Estate Developer Workforce Developer

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leveraging knowledge assets for wealth creation

Leveraging Knowledge Assets for Wealth Creation

Alan W. Seadler Ph.D.

Associate Academic Vice President –Research

Duquesne University

university roles in economic development
University roles in economic development

Porter, M. (2007) Forum Futures

Employer

Purchaser

Real Estate Developer

Workforce Developer

Advisor and Network Builder

Technology Transformer and Incubator

slide3

University of Pittsburgh 2009

“……Pittsburgh's edsand meds account for more than $11 billion in local salaries, 22 percent of the total salaries in the region.”

slide4

University of Pittsburgh 2009

They've also spun off hundreds of companies in the last 15 years, driving Pittsburgh's technology boom. Since 2000, Pitt research alone has resulted in 373 new patents, 628 new license agreements, and 67 new companies.

economic development initiatives
Economic Development Initiatives
  • Technology Based Economic Development
  • Ben Franklin – Innovation Works
    • Seed Capital
    • Entrepreneurial Support
  • Greenhouse Initiative
    • Digital Greenhouse
    • Life Sciences Greenhouse
slide7

Leading Edge Technology

Industry

Space/Infrastructure

People

Capital

Opportunity Fund

UniversityFacilities

EntrepreneurialTraining

Recruiting Services

Executive Corps

Industry Participation

Image and Marketing

Outreach

Workforce Development

Startup Company

Existing Companies

University/Research

Incubator/Accelerator

Pre-Seed/Seed Fund

University Development Fund

SBIR Services

University/Industry Research Partnership Fund

Expeditor

Leasehold Improvements Fund

keystone innovation zone
Keystone Innovation Zone

Leverage university technology transfer

Leverage university intellectual power and assets

Anchor zones around research universities

Marketable tax credits

Business support

Innovation funding

Internships

Facilities

pckiz

AGH

CCAC

Hill House

Association

Point Park

University

Carlow

University

UPMC

HealthPlan

Duquesne

University

UPMC/Mercy

Hospital

PCKIZ
pckiz1
PCKIZ
  • 40 companies
  • Internships
  • Tax Credits
    • Second highest amount in the Commonwealth
    • Marketable
  • Business support
    • SBDC
  • Location assistance
    • Uptown
slide11

The Pittsburgh region is as well-positioned competitively as we have been in a generation. Our economy is diverse, our workforce skilled, and our quality of life high.

Dennis Yablonsky CEO Allegheny Conference

slide12

Harold Miller 2010

“According to the U.S. Census Bureau, the Pittsburgh Region has the highest rate of poverty among working-age African Americans of any of the 40 largest metropolitan regions in the country. More than 1/4 (28%) of the region’s African Americans aged 18-64 lived in poverty in 2008. That’s twice as high as in regions such as Baltimore and Charlotte”

slide13

American Communities Study

US Census Bureau 2010

evergreen cooperative initiative
Evergreen Cooperative Initiative
  • Catalyze creation of up to 10 for-profit cooperatives
    • 500 jobs
    • $65,000 equity per employee in 8 years
  • Located in University Circle area of Cleveland
  • Creation of a $3 million Evergreen Cooperative Development Fund
    • Revolving loan fund
evergreen cooperative initiative1
Evergreen Cooperative Initiative
  • Cleveland Clinic, Case Western Reserve University, University Hospitals, Cleveland Foundation
  • Democracy Collaborative
    • Ted Howard
evergreen cooperative laundry
Evergreen Cooperative Laundry

Started 2009

Green laundry

10-12 million pounds of health care linen per year capacity

50 employees

James Anderson CEO

ohio solar cooperative
Ohio Solar Cooperative

Started in 2009

Ohio Cooperative Solar owns and/or installs PV solar panel arrays on institutional, government, and commercial buildings.  

Owns, Installs, and maintains large-scale solar panels and sells the electricity generated at a negotiated rate over a 15 yr period.

Will employ 75 residents

Stephen Kiel, President

green city growers
Green City Growers

Will start Fall 2012

Greenhouse with 3.25 acres under glass

Produce ~3 million heads of lettuce per year and several hundred pounds of herbs.

Will employ 35 people

pittsburgh wealth building initiative
Pittsburgh Wealth Building Initiative

Duquesne University

Carlow University

Point Park University

Community College of Allegheny County

UPMC Mercy

UPMC HealthPlan

PNC Bank

Pittsburgh Penguins

Hill House

Uptown Partners

Oakland planning and Development Corporation

pwbi objectives
PWBI objectives

Understand the purchasing of anchor institutions

Develop a “Pittsburgh Cooperative Strategy”

Develop a list of candidate opportunities

Define start-up requirements and capital needs

Start Cooperatives in neighborhoods.

pwbi timeline
PWBI timeline

Kick-off April 2012

Initial funding in place

Democracy Collaborative engaged

PWBI Project Manager hired

Survey to start May 2012

Study complete, initial candidates December 2012