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October 6, 2010

Faculty Senate. President’s Report. October 6, 2010. Update. Frankfort/Economic update Employment Medicaid – Session 7 Strategies Capital Campaign TIF Searches “On the Road Again”. We know that nationally times have been unprecedented.

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October 6, 2010

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  1. Faculty Senate President’s Report October 6, 2010

  2. Update • Frankfort/Economic update • Employment • Medicaid – Session • 7 Strategies • Capital Campaign • TIF • Searches • “On the Road Again”

  3. We know that nationally times have been unprecedented * Lowest level during the current recession. The next two quarters (2009: III and IV) have been positive. Sources: NBER, BEA, and BLS.

  4. National Non-Farm Employment(in thousands) 4

  5. The economy has lost momentum – but should avoid a “double dip” Accelerated growth first half of the year. Inventory build up Consumer is saving – long term a good thing Business also cautious - cost containment – not adding workers Slow/very slow recovery National Economic Thoughts

  6. Kentucky Employment Nonfarm employment in thousands 6

  7. Kentucky Economy: Manufacturing – Our Bread and Butter (in thousands) 7

  8. Legislative Session • Is there ever a short session? • An election year! • Medicaid is still hemorrhaging • Federal help less than expected 8

  9. Rebate/expand Siemens e.g. Shelby Campus Discussion continues as does the war Lots of promise Record year again, but… Kentucky Trailer’s next

  10. Tax Increment Financings HSC TIF Kentucky Trailer

  11. Other Strategies • ULF • Loan • Change in payout policy • Things we are beginning to talking about • Enhanced sponsorships

  12. Searches • EVPHS • EVPR&I

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