louisville cardinal editorial staff
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Louisville Cardinal Editorial Staff. October 30, 2009. Thank you for this opportunity!. 2. Goals. Dialogue – ongoing Some history Where we want to go Listen to you. 3. Economists like pictures and graphs Some dots and a triangle…. 4. Last year has had its challenges…. - PowerPoint PPT PresentationTRANSCRIPT
Louisville Cardinal Editorial Staff
October 30, 2009
Thank you for this opportunity!
2
Goals
· Dialogue – ongoing · Some history
· Where we want to go
· Listen to you
3
Economists like pictures and graphsSome dots and a triangle…
4
• Wind• Ice
• Flood• Neurosurgery
• Personnel IssuesAnd of course, the worst economy
since the Great Depression.
Last year has had its challenges…
5
We know that nationally times have been unprecedented…
GDP Declines During Postwar Recessions(peak-to-trough percent change; date is year of peak quarter)
1948 1953 1957 1960 1970 1973 1980 1981 1990 2001 2008 1st Qtr 2009
2nd Qtr 2009
Series1 -1.8 -2.7 -3.7 -1.5 -1.1 -3.1 -2.2 -3.8 -1.4 -0.2 -4.8 -5.7 -1
-5.5
-4.5
-3.5
-2.5
-1.5
-0.5
6
U. S. Job LossAre we out of the woods yet?
Mar. 2008
Apr. 2008
May. 2008
Jun. 2008
Jul. 2008
Aug. 2008
Sept. 2008
Oct. 2008
Nov. 2008
Dec. 2008
Jan. 2009
Feb. 2009
Mar. 2009
Apr. 2009
May.2009
Jun. 2009
Jul. 2009
Aug. 2009(
p)
Sep. 2009(
p)
-800
-700
-600
-500
-400
-300
-200
-100
0
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…and Kentucky has not been immune to those impacts
Nonfarm employment in thousands
Sep. 2009 1,758.6 (p)
Dec. 20071,871.9
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Employment 2009 = employment 1999p: preliminary
Kentucky Economy:Manufacturing – Our Bread and Butter
Manufacturing employment (in thousands)
p: preliminary
Sep. 2009208.9 (p)
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We (Kentucky) face challenges
• Big challenges
• Structural challenges
• We will struggle for a while – next biennium budget will be ugly
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What’s all this have to do with UofL?
We are expected to help improve economic opportunity and quality
of life for Kentuckians (HB1 – 1997)
Law has not changed.
11
“U of L to be Premier Nationally Recognized Metropolitan Research University”
“Challenge for Excellence”(1998 – 2008)
“We met Challenge”
2020 Plan
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The weak economy has an impact on us too…
Kentucky Employment Losses
Cuts/Cuts/Cuts
9 for 9
State Individual Income Tax/Sales Tax
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Year State General Fund (000,000)
FY 08 $8,664.0 (a)
FY09$9,005.7 (e-budget '08)
$8,548.4 (r-Nov. '08)$8,426.0 (a)
FY10$9,417.6 (e-budget)$8,412.3 (r-May ‘09)$8,214.0 (r-Aug. ‘09)$8,133.0 (r-Oct. ’09)
FY11 $8,315
FY12 $8,623
Some numbers…(Depressing, aren’t they)
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e – estimatea – actualr - revised
Despite cuts and other distractions,
we are making progress…
And…
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Our Students…
• Freshman class average ACT• 1998 – 21.4• 2009 – 24.5• State avg. – 20.8 (19.4)• National avg. – 21.1
• 24 National Merit Scholars
• More students from outside Jefferson County than inside
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1. Commitment to quality2. Small campus experience
– Freshman English classes are limited to 22 students– 19:1 student/faculty ratio– Active student advising
3. 250 student organizations and growing4. Our Covenant5. Affordability
Why we are getting the best students…
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Our Graduates…
• 1998 – 1,734 degrees awarded• 2009 – 2,475 degrees awarded
– 2020 Goal – 3,074
• Graduation rate – Increased from 30% in 1998 to 48.4% in 2009– 2020 Goal – 60%
• Doctoral Degrees– 1998 – 76– 2009 – 142– 2020 Goal - 350
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Our Research…
Research Funding and NIH Funding
Total grants:
1998 - $42 M
2009 - $140 M
2020 Goal - $400 M
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“From mind to marketplace”
1998 2008 2020 Goal
Startup companies (cumulative) 1 22 34
Patents (cumulative)
Applications filed
151 710 1,064
License option agreements (cumulative)
17 73 110
Note: By 2008, 130 patents were issued, a 136% increase since 1998.
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We have far, far more to do despite the challenges!
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1. Reengineer operations2. Convert underperforming assets to fully
performing assets3. Increase fundraising4. Expand clinical activities5. Develop partnerships6. Improve contract research/commercializing7. Being creative (e.g. TIF)
How do we do this with cuts?
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How do we do this with cuts?
2. Under performing assets…
3. Increase fundraising…4. Expand clinical activities
1. Reengineer operations
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How do we do this with cuts?
5. Develop partnerships…
7. Being creative (e.g.. TIF)
6. Improve contract research/commercialization…
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• Biggest dividends
• Minimized unit cuts
• Continue to leave “carry forward with Deans/VPs
but • We know…salaries/operating/etc.”
Some other thoughts…
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1. We have been challenged, significantly challenged
2. But we have progress, significant progress
3. It isn’t going to get any easier – challenges are not going away
4. But we will stay focused and do the best we can
WHY?
So let’s wrap up…
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Per Capita Income in All 50 States v. Adults with Bachelors Degrees or Higher - Data for 2007
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
$55,000
15% 20% 25% 30% 35% 40%
2007
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The 2020 Plan
What we will try to do
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2020 Strategic Plan Creation
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