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.
University Faculty SenateNovember 9, 2007Frank J. CalzonettiTom GutteridgeMary Jo Waldock
Source: Regional Economic Information System, Bureau of Economic Analysis, U.S. Department of Commerce, and the Ohio Department of 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?
Recruit industry and offer incentives
Available Industrial Sites
Technology & Intellectual Capital
Build knowledge assets and energize innovation
Quality of Place
( Richard Florida, Gary Gates, Brian Knudsen, and Kevin Stolarick, 2006)
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…
Work Force Strategies
Research & Tech Transfer
End-to-End ModelAll Parts Working Together—Not Just a Place
Ohio’s Third Frontier
Rising Above the Gathering Storm
Falling off the Flat Earth
America Competes Act
Advancement of University Research Parks and Incubators
Research is the driving force to create new ideas and inventions!!
Ideas into the marketplace!!
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)
Specialized Agriculture (Greenhouse)
Alternative Energy (cross-cutting)
Transportation and Logistics
Architectural, Engineering and Construction Services
Both a virtual pathway and a physical location supporting knowledge-basedeconomic development
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
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
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)
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
Land Plan RFP
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 ResourcesDeliverables Update STC Operations Group
* All strategies above interdisciplinary within the University
“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