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Academic Library and Economic Development Center Collaborate to Assist Local Inventors

Academic Library and Economic Development Center Collaborate to Assist Local Inventors. Julia A. Martin Business & Economics Librarian University of Toledo Libraries CALA Midwest Chapter Annual Conference Saturday, May 22, 2010. Launch Business Development Library.

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Academic Library and Economic Development Center Collaborate to Assist Local Inventors

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  1. Academic Library and Economic Development Center Collaborate to Assist Local Inventors Julia A. Martin Business & Economics Librarian University of Toledo Libraries CALA Midwest Chapter Annual Conference Saturday, May 22, 2010

  2. Launch Business Development Library proposed by the Regional Growth Partnership (RGP) - Northwest Ohio’s economic development center to support the start-up and small business management needs of local inventors to increase economic development Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  3. Highest Percent of Distressed Cities Ohio Pennsylvania New York (Wolman, Hill, Blumenthal, & Furdell, 2008) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  4. Characteristics of Distressed Cities to be in economically unhealthy metropolitan areas to have lower levels of connectivity to global economy to have a lower share of the metropolitan area population and employment to have older transportation and communication infrastructures to produce mature products to be smaller Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  5. Characteristics of Distressed Cities to have residents with lower levels of education to be in high-wage labor markets to have high crime rates to have a higher portion of residents who are not of labor force age to have an out-migration of workers to lack amenities such as restaurants, cultural institutions, and good overall appearance (Feyrer, Scaerdote, & Stern, 2007; Vey, 2008; Wolman et al, 2008) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  6. Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  7. Toledo’s Economic Difficulties • city population decreased 6% • 313,157 in 2000 to 293,201 in 2008 • violent crime rate 2.6 times the national average • 3,639 violent crimes per 100,000 people • 17.2% of population 25 years and older has a bachelor's degree or higher • national average of 27.4% (U. S. Census Bureau, 2009; Federal Bureau of Investigation, 2008; U. S. Census Bureau, 2010b) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  8. Lucas County’s Economic Difficulties • closings of large manufacturing plants • unemployment rate increased • 6.4% in December 2007 • 10.1% in December 2008 • 12.2% in December 2009 (U. S. Bureau of Labor Statistics, 2010) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  9. Annual Unemployment Rate for Midwest States Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  10. Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  11. Lucas County’s Economic Difficulties • job losses between 2000 and 2008 • 34.3% (11,312 workers) of manufacturing jobs • 24.1% (2,846 workers) of construction jobs • 16.0% (8,142 workers) of trade, transportation, and utilities jobs • 15.8% (5,426 workers) of professional and business services jobs (Mayer & McCleary, 2010) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  12. Lucas County’s Economic Difficulties 17.4% of individuals lived below the poverty level during 2006-2008 22.1% of the population received food assistance in 2008 20.8% of residents enrolled in Medicaid in 2008 43.5% of children enrolled in Medicaid in 2008 (U. S. Census Bureau, 2010a; Ohio Department of Job and Family Services, 2009) Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  13. Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  14. Roles of Universities in Technology Transfer and Economic Development support the goals and growth of the city provide well-educated graduates support local businesses through consulting support local businesses through job training Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  15. UT Centers for Economic Development and Emerging Technologies Intermodal Transportation Institute Center for Photovoltaics Innovation and Commercialization School of Solar and Advanced Renewable Energy Center of Excellence in Advanced Renewable Energy and the Environment Clean and Alternative Energy Incubator Technology Business Incubator Minority Business Enterprise Incubator Nitschke Technology Commercialization Complex Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  16. Roles of Academic Libraries in Economic Development • support faculty research • move from basic to applied sciences • support small business development • resource provision • resource training • patent searching Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  17. New UT Products to Support Economic Development GREENR (Global Reference on the Environment, Energy, and Natural Resources) ASTM Standards (industry) IHS Standards (military, federal, other) journal subscriptions Frost & Sullivan Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  18. Regional Growth Partnership Goals new business attraction international trade development venture funds tech-based business development Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  19. RGP's Launch Program promoting tech-based, start-up company success financial planning and projections grant writing market analysis and research marketing strategies investment mentoring and coaching • business planning • technology validation • equipment for demonstration • prototype build and demonstration • intellectual property management Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  20. Launch's Clientele scientists, many with doctoral degrees many faculty from regional universities little theoretical or practical business experience Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  21. Inventors’ Library Resource Needs small business education market research Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  22. Small Business Education business-conceptual to help entrepreneurs build a framework business-practical to help entrepreneurs conduct business small business startup practices small business management Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  23. Book Topics for Small Business Education • technology commercialization • invention • protecting intellectual property • entrepreneurship & start-up • forms of business • management & strategy • business skills • marketing • human resources • accounting • finance • grants • wisdom & inspiration Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  24. Titles Given to Every Inventor Legal Guide for Starting & Running a Small Business (2006) by Fred S. Steingold Legal Forms for Starting & Running a Small Business (2008) by Fred S. Steingold The Ernst & Young Business Plan Guide (2007) by Brian R. Ford, Jay M. Bornstein, and Patrick T. Pruitt Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  25. Market Research help inventors determine market feasibility biggest and most used databases were assessed UT purchased Frost & Sullivan database Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  26. Outcomes • RGP staff and clients use library for book borrowing and as reading area • Summer 2008 • 11 clients • Summer 2009 • 21 clients • 8 graduates • potential clients waiting for patents • additional staff person Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  27. Launch Graduates medication therapy for chronic illnesses critical test result communication satellite detection of bacteria thin film solar cells Seavival – emergency medical systems Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  28. References Federal Bureau of Investigation. (2008). Crime in the United States by Metropolitan Statistical Area, 2007. Retrieved from http://www.fbi.gov/ucr/cius2007/data/table_06.html Feyrer, J., Scaerdote, B., & Stern, A. (2007, July). Did the rust belt become shiny? A study of cities and counties that lost steel and auto jobs in the 1980s. Brookings-Wharton Papers on Urban Affairs, 8, 41-89. Mayer, M., & McCleary, M. (2010). State of the State: Two decades of weak job growth and skyrocketing government costs pose daunting challenges for Ohioans. Retrieved from The Buckeye Institute for Public Policy Solutions website: http://www.buckeyeinstitute.org/docs/2010StateoftheState.pdf Ohio Department of Job and Family Services. (2009). Lucas county profile. Retrieved from http://jfs.ohio.gov/county/cntypro/lucas.pdf Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  29. References U. S. Bureau of Labor Statistics. (2010). Local area unemployment statistics: Lucas County, OH: unemployment rate. Retrieved from http://data.bls.gov/cgi-bin/dsrv?la U. S. Census Bureau. (2009). Annual estimates of the resident population for incorporated places in Ohio, listed alphabetically: April 1, 2000 to July 1, 2008 (SUB-EST2008-04-39). Retrieved from http://www.census.gov/popest/cities/tables/SUB-EST2008-04-39.xls U. S. Census Bureau. (2010a). Lucas County, Ohio: 2006-2008 American Community Survey 3-year estimates: Data profile highlights. Retrieved from http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geoContext=&_street=&_county=lucas&_cityTown=lucas&_state=04000US39&_zip=&_lang=en&_sse=on&pctxt=fph&pgsl=010 Academic Library and Economic Development Center Collaborate to Assist Local Inventors

  30. References U. S. Census Bureau. (2010b). Toledo city, Ohio:2006-2008 American Community Survey 3-year estimates: Data profile highlights. Retrieved from http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geoContext=&_street=&_county=toledo&_cityTown=toledo&_state=04000US39&_zip=&_lang=en&_sse=on&pctxt=fph&pgsl=010 Vey, J. S. (2008). Revitalizing America’s older industrial cities: A state agenda for change. In R. M. McGahey & J. S. Vey (Eds.), Retooling for growth: Building a 21st century economy in America's older industrial area (pp. 33-59). Washington, DC: Brookings Institution Press. Wolman, H. L., Hill, E.W., Blumenthal, P., & Furdell, K. (2008). Understanding economically distressed cities. In R. M. McGahey & J. S. Vey (Eds.), Retooling for growth: Building a 21st century economy in America's older industrial area (pp. 151-178). Washington, DC: Brookings Institution Press. Academic Library and Economic Development Center Collaborate to Assist Local Inventors

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