COVER

Economic Development & Purdue University

Defining the Role of the 21st Century Land Grant University

Economic Development Strategic Planning Working Group

Economic Development Working Group

• Joe Pekny (Chemical Engineering)• Charlene Sullivan (Management)• Sam Cordes (Agricultural Economics)• Greg Deason (Purdue Research Foundation)• Jesse Moore (EVPT/Supplier Diversity)• Maureen Huffer - (Management - APSAC member)• Joe Seaman (President/CEO L-WL Development

Corp.)• Melissa Markofski (Health & Kinesiology - Graduate

Student)

Proud Indiana History of Economic Leadership & Entrepreneurship

When Historic Opportunities Arise Hoosiers Have a Knack for Developing Them

Cruise IN: A guide to Indiana's automotive past and present, and Indiana Cars: A History of the Automobile in Indiana

Huge Indiana Role in Developing Automobile Industry

Indiana Helped Found the Pharmaceutical Industry

http://www.indianahistory.org/pop_hist/people/lilly.html

Indiana Role in…

Medical Devices

Logistics

Energy

Steel

Chemicals

…

Indiana Leads Many Agricultural Innovations

http://www.agriculture.purdue.edu/

Phil Nelson: Aseptic Packaging

Indiana Played a Large Role in the Space Program

Strong Economic Development Foundation: The Purdue

Research Park

• A Research Park job generates 2.57 community jobs

• 2,800 employees, 146 companies

• $121 million venture capital

• 2004, 2005 national awards

• $58,406 average wage @ Purdue Technology Center

• West Lafayette, Indianapolis, Merrillville, New Albany (helping with other efforts)

• Purdue Research Park integrates many business development activities: The Power of a Holistic Approach

Feedback Loop

Purdue Research Park

Cooperative Education

Campus Wide

Startup Companies

Licensing

Joint Ventures (recruit companies to

Indiana)

An Engine for Large Scale Research & Economic Development

Industry

Partnerships

Purdue Activities

Graduating Students

Incoming Students

Seeding Nurturing Executing

Project Ideas

To Practice or Commercialization

Educational or Training Concepts

Purdue University Infrastructure

• Discovery Park• Academic Units • Technical Assistance Program• Center for Regional Development• Cooperative Extension Service• Office of Technology Commercialization,…

Education increases lifetime earnings, benefits subsequent generations, etc.

Improved education is increased economic development

Economic Development Listening SessionsMerrillville/PTC NW

February 11

Lafayette Area/PTC

January 30

Indianapolis/Intech Park

January 31

Evansville

March 3

Indianapolis/B&T

February 8

Fort Wayne/IPFW

January 28

New Albany

February 13

Main Campus (Jan. 15)

Prof. Jay Akridge

Interim Vice Provost for Engagement

And the Entire Engagement Organization

Many Thanks to

Columbus

February 15

Key Observations

• Purdue Has a Great Reputation– Viewed as Action Oriented

– “Honest Broker”

– People Want Purdue Leadership

• Work Force Development• Regional Assets/Regional Strategy• Tremendous Potential for Partnerships

– Indiana University, Notre Dame, Ivy Tech, IEDC,…

• Many Purdue Activities (Synergy!)

Economic Development: Powering a Virtuous Cycle

• Link Purdue Research to Market Needs/Trends– Increased Industrial Partnership– Public Policy Institute– Globalization

• Strategic Fund Raising to Tie Discovery, Learning, & Economic Development– Seed Grant Program– Discovery Park Activity Indiana-Wide

• Partnerships (Notre Dame, IU, Ivy Tech,…)

• Grow “Bell Labs” of 21st Century

Metropolitan-Rural Strategy

Evansville

(pop: 0.35 million)

Fort Wayne

(pop: 0.40 million)

Chicago

(pop: 9.2 million)

Indianapolis

(pop: 1.17 million)

Louisville

(pop: 1.0 million)

Cincinnati

(pop: 1.6 million)

State of Indiana

(pop: 6.3 million)

Metropolitan-Rural StrategyMetropolitan-Rural Strategy

“Rural Culture”

Areas of Opportunity

Life Sciences

Advanced Manufacturing

Defense/Homeland Security

Energy & Holistic Analysis

Healthcare Delivery & Translation Aviation, Space

Entrepreneurship, & Aerospace

The Talent Supply Chain

Traditional Students

P12 & STEM Work Force Development

Many Faculty, Staff, & Student Opportunities

Recruit, Grow & Promote Entrepreneurs

“Purdue in Government” Program

“Faculty, Staff & Graduate Students in Industry”

Liberal Arts/Social Sciences Anchored Teams

Purdue University Strategic Entrepreneurship & Economic Development (PU-SEED) Super Project

Purdue Activities

Incoming Students

Seeding Nurturing Executing

Project Ideas

To Practice or Commercialization

Educational or Training Concepts

Purdue University Infrastructure

• Brand Efforts to Maximize Leadership• University Wide Organization• Project Oriented/Portfolio Management Methods• Link Purdue to Practical Solution of Societal Grand Challenges• Inventory & Rank Opportunities to Manage Resources• Develop Regional & Sector Action Trajectories• Expand Partnerships for Economic Development• Seed Funding Program to Link Discovery, Learning, & Engagement

Economic Development Action Group

Strategic & Tactical Execution

Vice President for Research OfficeDiscovery Park

Vice Provost for Engagement Office

Purdue Research Foundation

• International Programs

• Advancement

• Regional Campuses

• University Development

• Economic Development Strategy Group (Key Leaders, Deans,…)