ut s role in economic development l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
UT’s Role in Economic Development PowerPoint Presentation
Download Presentation
UT’s Role in Economic Development

Loading in 2 Seconds...

play fullscreen
1 / 23

UT’s Role in Economic Development - PowerPoint PPT Presentation


  • 133 Views
  • Uploaded on

UT’s Role in Economic Development. University Faculty Senate November 9, 2007 Frank J. Calzonetti Tom Gutteridge Mary Jo Waldock. Key Economic Statistics Lucas County/Ohio.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'UT’s Role in Economic Development' - koko


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
ut s role in economic development

UT’s Role in Economic Development

University Faculty SenateNovember 9, 2007Frank J. CalzonettiTom GutteridgeMary Jo Waldock

key economic statistics lucas county ohio
Key Economic Statistics Lucas County/Ohio
  • Lucas County population has been declining since 1980 (from 471,000 to 443,000) and is projected to decline 35,000 by 2020
  • In 2006, Lucas County’s higher education attainment statistics - 7.3% Associates, 13.8% Bachelor’s, and 7.4% Master’s degrees (Ohio is 41st in the nation for % of pop. with a bachelor's degree)
  • In 2006, Ohio per capita personal income of $28,944 was 7% less than the United States average of $34,632 (Ohio’s national rank 31st)
  • From 1995-2003 Ohio lost approximately 214,000 manufacturing jobs. Also, the number of farms in Ohio has been decreasing over the past several decades. The number of farms in 1960 was 149,000, compared to 78,000 farms in 2002.

Source: Regional Economic Information System, Bureau of Economic Analysis, U.S. Department of Commerce, and the Ohio Department of Development

ut s role in economic development3
UT’s Role in Economic Development

What is UT’s role(s) in economic development?

What is UT’s goal(s) in economic development?

What are UT’s action(s) towards these goals?

Are we doing what’s appropriate for our area?

How is the UT Science and Technology Corridor related to these activities?

ut s role economic development then
UT’s Role Economic Development - Then

Manufacturing

Recruit industry and offer incentives

Available Industrial Sites

Jobs

ut s role economic development now
UT’s Role Economic Development - Now

Technology & Intellectual Capital

Build knowledge assets and energize innovation

Quality of Place

Knowledge

Work Force

broad role a university plays in transforming a local economy
Broad Role a University Plays in Transforming a Local Economy
  • Technology
  • Talent
  • Tolerance

( Richard Florida, Gary Gates, Brian Knudsen, and Kevin Stolarick, 2006)

ut s goal strategies in directions 2007
UT’s GoalStrategies in “Directions: 2007”

Research, Innovation, and Entrepreneurship

Implement an exemplary technology transfer pathway…

Develop, lead, and actively participate in a science and technology corridor…

Enhance our role in business attraction, entrepreneurship, and the development of technology-based enterprises…

ut s goal knowledge based ecosystem
UT’s GoalKnowledge-Based Ecosystem

Business Capital

Business Incentives

Incubator

Entrepreneurial Environment

The Site/Place

Work Force Strategies

Research & Tech Transfer

Quality Education

Internet

Connectivity

End-to-End ModelAll Parts Working Together—Not Just a Place

ut s goal consistent with both state and national initiatives
UT’s Goal - Consistent with Both State and National Initiatives

Ohio’s Third Frontier

Rising Above the Gathering Storm

Falling off the Flat Earth

America Competes Act

Advancement of University Research Parks and Incubators

slide10

Relationships

Research

Research is the driving force to create new ideas and inventions!!

Innovation

Entrepreneurship

Introduction of

Ideas into the marketplace!!

Regional Growth

and Development

research and regional economic development
Research and Regional Economic Development
  • Creates Job Growth
    • 33 jobs Created for every $1 million in Academic R&D
  • Attracts and Retains Talented People
    • To research centers, premier faculty, graduates, and post-docs
  • National and International Recognized Research Enhances Economic Opportunities
innovation and regional economic development
Innovation and Regional Economic Development
  • Research and Applied Research
    • Development of technology and licensing to industry (local or non-local)
    • UT 2007 New Licenses-18, Active Licenses-74, Revenue-$656K
  • Development of Technology as a Platform for a New Technology-Based Firm
    • University spin-off firms
    • University incubators
    • UT 2007, Revenue-$656K, Total Spin off companies-10  
ut actions research innovation
UT Actions – Research/Innovation
  • Increasing Academic Research
    • 2007 $43 million; 2011 $100 million
  • Attraction of Federal R&D Facilities
  • Internationally Recognized Research
  • Increased Awards of Ohio’s Third Frontier Funding
  • Active (not passive) Technology Transfer
  • Support Incubation of Firms and Recruitment of Technology Companies
  • Assist Local Companies with Federal Grants (SBIR)
  • Expand Opportunities on HSC Campus
  • Support of Cluster-based Economic Strategy
state of ohio research clusters
State of Ohio Research Clusters

A research cluster is defined by a critical mass of distinguished and highly productive faculty and researchers, quality graduate students, infrastructure, and robust academic, business and government collaborations that have led to the attainment of international prominence in research and commercialization.

The resources of a cluster must be aligned to pursue a specific technology/research focus area representing competitive differentiation that is a unique and sustainable signature which is difficult to imitate and overcome by others. 

(Ohio Department of Development and the Ohio Board of Regents)

northwest ohio industrial clusters w ut research support
Northwest Ohio Industrial Clustersw/UT Research Support

Specialized Agriculture (Greenhouse)

Alternative Energy (cross-cutting)

Transportation and Logistics

Architectural, Engineering and Construction Services

entrepreneurship and regional economic development
Entrepreneurship and Regional Economic Development
  • Commercial Development
    • Market Research
    • Business/Strategic Planning
    • Process Development and Support Systems
    • Employee Staffing
    • Financial Resources
    • Operations Planning
    • Intellectual Property Protection and Management
  • Business Development
    • Incubators and Incubation Support
    • S&T parks
ut s actions entrepreneurship
UT’s Actions – Entrepreneurship
  • CTEI - Center for Technological Entrepreneurship and Innovation
    • CTEI - Consultative Services
  • Entrepreneurship Curriculum
    • 2007-08 Entrepreneurship Practicum
    • Other – College of Engineering, Law
  • Support Incubation of Firms and Recruitment of Technology Companies to the Region
    • S&T Corridor major element of strategy
science and technology corridor operations group members
Science and Technology Corridor Operations Group Members

Chairman of the Board – Tom Gutteridge

Operations Group – Mary Jo Waldock

Internal members – Research Development, Marketing, Facilities, Govt. Affairs, Advancement/Foundation, Engineering Dean and Arts & Science Dean, Inter-modal Transportation, Urban Affairs

External members – RGP, City of Toledo, ODOD, Port, TMACOG, TAGNO, Chamber, LCIC, and Plan Commission

science technology corridor milestones
Science & Technology Corridor Milestones

2003 – 2005

Concept - Science and Technology Corridor

UT and BG researchers identify eight industry clusters for northwest cluster-based economic development

UT Clean and Alternative Energy Incubator opens

2006

Medical University of Ohio and UT merge

Technology park on UT Health Science Campus is key priority in the Lucas County Comprehensive Economic Development Strategy

Entrepreneurial Signature Program (ESP) $15 million award from the State of Ohio to the RGP promote tech-based business

State of Ohio $18.6 million grant establishes the Wright Center for Photovoltaic Innovation and Commercialization (PVIC)

2007

MWOE Solar (an incubator tenant) receives a $7 million venture capital investment

Science and Technology Corridor Corporation creates a 501(c)3 and forms a Board of Directors

Science and Technology Corridor establishes partnership with RGP for business development

EDA grants $1.9 million for infrastructure and road development

EDA grant award for R2 Incubator

2008

Upcoming…

deliverables update stc operations group
Corridor Area Property Database

Land Plan RFP

Political Strategy

Corridor “Front Door”

Regional/National Marketing Strategy

Alignment with Community Economic Development Strengths (Clusters, IBM areas of Competitiveness)

Strategic Business Plan Outline

Business Development and Commercialization Diagram

UT Inventory of Economic Development Resources

Deliverables Update STC Operations Group
where do we go from here
Where Do We Go From Here?
  • Increase the Research Enterprise
  • Grow Technology Based Commercialization and Entrepreneurship
  • Expand Educational Attainment and Workforce
  • Enhance the Quality of Place (arts, etc.)
  • Work with Partners

* All strategies above interdisciplinary within the University

slide23

“We will provide leadership in the rejuvenation of the economy of northwest Ohio, and will expand our community outreach and global engagement.” Directions: UT 2007