UT’s Role in Economic Development

University Faculty SenateNovember 9, 2007

Frank J. CalzonettiTom Gutteridge

Mary Jo Waldock

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 Development1. What is UT’s role(s) in economic development?

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

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

4. Are we doing what’s appropriate for our area?

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

UT’s Role Economic Development - Then

Manufacturing

JobsAvailable Industrial Sites

Recruit industry and

offer incentives

UT’s Role Economic Development - Now

Technology & Intellectual Capital

KnowledgeWork Force

Quality of Place

Build knowledge assets and energize

innovation

Broad Role a University Plays in Transforming a Local Economy

• Technology

• Talent

• Tolerance

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

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 GoalKnowledge-Based Ecosystem

Business Capital

Entrepreneurial EnvironmentThe

Site/Place

Incubator

Work Force Strategies

Quality Education

Business Incentive

s

InternetConnectivity

Research & Tech Transfer

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

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

InnovationInnovation

ResearchResearchResearchResearch

Regional Growth Regional Growth and Developmentand Development

Relationships

EntrepreneurshipEntrepreneurship

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

Introduction ofIdeas into the marketplace!!

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• 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/Innovation1. Increasing Academic Research

– 2007 $43 million; 2011 $100 million2. Attraction of Federal R&D Facilities3. Internationally Recognized Research4. Increased Awards of Ohio’s Third Frontier Funding6. Active (not passive) Technology Transfer 7. Support Incubation of Firms and Recruitment of

Technology Companies8. Assist Local Companies with Federal Grants (SBIR)9. Expand Opportunities on HSC Campus10.Support of Cluster-based Economic Strategy

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

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• 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• 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

Both a virtual pathway and a physical location supporting knowledge-based

economic development

Both a virtual pathway and a physical location supporting knowledge-based

economic development

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 Milestones2003 – 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

1. Corridor Area Property Database

2. Land Plan RFP3. Political Strategy 4. Corridor “Front Door”5. Regional/National

Marketing Strategy

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

7. Strategic Business Plan Outline

8. Business Development and Commercialization Diagram

9. UT Inventory of Economic Development Resources

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

“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