One Vision for Florida’s Future Complete report available @ NewCornerstoneOnline

1. One Vision for Florida’s Future Complete report available @ www.NewCornerstoneOnline.com • Briefing re: Florida’s Innovation Caucus • August 2008 - www.NewCornerstoneOnline.com

3. Florida’s Innovation Summit

5. “Innovation is the creation of value through the adoption & exploitation of new ideas throughout the economy”

6. T ODAY C H LUSTERS OF IGH W H V AGE, IGH ALUE B F USINESSES IN LORIDA Life Trade Science Tourism Info.Tech: Aviation, Photonics Aerospace Digital Media, & Space MST Homeland Security Financial & Defense Other & Prof Svcs F P T S LORIDA’S OOL OF ECHNICALLY KILLED, H E A T P IGHLY DUCATED ND ALENTED EOPLE Florida’s Transition to an Innovation Economy I N 2030 C H LUSTERS OF IGH W H V AGE, IGH ALUE B F USINESSES IN LORIDA T N ODAY’S EW C C LUSTERS LUSTERS IN 2030 IN 2030 Clean New Tourism Trade Cluster Tech Life Science Info.Tech: New Photonics Cluster New Digital Media, Cluster MST Other New New Financial & Cluster Professional Cluster Services Aviation, Homeland Aerospace New Security & New & Space Cluster Defense Cluster F P T S LORIDA’S OOL OF ECHNICALLY KILLED, H E A T P IGHLY DUCATED ND ALENTED EOPLE

7. Indicator Where Are We Today? Where Do We Need To Be By 2030? Wages High Quality generally among among the top 10 states High Wage Employment Economy bottomhalf of states Productivity Universities generally among the Community Colleges Talent Builders among the top 15 states bottom 20 states Workforce K-12 among the R&D among the top 10 states bottom 15 states Innovation Cluster among the top 10 states Commercialization Assets middle of the pack Builders Startups & New Firm among top 10 states among the top 5 states Formation Risk Capital middle of the pack among the top 10 states Where Are We Today in Achieving Quality Growth?

8. WAGES HIGH WAGE EMPLOYMENT PRODUCTIVITY Employment in High Wage Average Annual Wage Occupations as a % of Total GDP Per Employee Employment Level Rank Level Rank Level Rank $ 38,485 Florida 23 24.2% 40 $ 89,726 25 $ 48,345 California 5 29.6% 8 $ 111,420 6 $ 52,435 Massachusetts 3 34.0% 1 $ 105,659 10 $ 55,479 New York 1 30.6% 4 $ 121,234 4 $ 37,439 North Carolina 27 26.0% 27 $ 94,446 17 $ 42,458 Texas 12 27.3% 18 $ 107,424 8 $ 44,051 Virginia 9 30.3% 5 $ 101,545 14 U.S. $ 42,536 - 27.5% - $ 98,744 - Where Are We Today in Achieving Quality Growth?

9. TECHNICAL WORKFORCE HIGHER EDUCATION PRE-K-12 EDUCATION EDUCATION EDUCATION Bachelor's Public HS Master's Doctorate STEM Associate's Individuals in Quality Degree Averaged Degree Degree Doctorates Degree S&E Occupations Counts K-12 Production Rate Freshman Production Production per 100,000 Production as Share of Achievement (degrees per Graduation Rate Rate 18-44 Rate Workforce Index Score 100,000 18-44) Rate Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank 1,082 Florida 42 372 37 45 22 18.1 34 982 3 2.83% 34 64.6% 44 75.2 7 1,038 California 44 385 36 46 21 23.1 23 637 22 4.29% 10 74.6% 33 64.8 38 1,915 Massachusetts 6 1135 1 122 1 76.0 1 454 43 6.14% 2 78.7% 22 85.2 1 1,518 New York 18 865 3 61 11 28.6 13 781 10 3.38% 23 65.3% 43 71.9 18 1,181 North Carolina 37 365 38 42 24 25.8 20 574 29 3.27% 29 72.6% 39 66.7 32 985 Texas 46 349 42 34 36 17.7 35 469 42 3.74% 14 74.0% 35 72.6 13 1,304 Virginia 29 451 24 53 15 26.1 18 538 33 6.49% 1 79.6% 18 76.2 6 628 U.S. 1,308 - 523 - 49 - 25.6 - - 3.72% - 74.7% - 69.4 - Where Are We Today in Achieving Quality Growth?

10. INDUSTRY- START-UPS & NEW FIRM RISK R&D COMMERCIALIZATION ASSETS ACADEMIC FORMATION CAPITAL PARTNERSHIP University Licenses Net High Tech Industry Financed Patents per VC Disbursed R&D as % of and Options University Start- Bus. Formations Academic R&D per 100,000 Non- per $1,000 of State GDP Executed 2001- ups 2001-2005 as a % of All Bus. $1 million of state Farm Employees State GDP 2005 Estab. GDP Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank Level Rank 0.9% Florida 42 32 31 461 14 73 9 0.36% 3 $0.44 21 $171 19 4.0% California 8 148 2 2317 1 231 1 0.13% 26 $7.28 2 $166 21 5.6% Massachusetts 3 124 4 1337 2 176 2 0.09% 33 $8.51 1 $390 3 1.5% New York 31 65 14 1029 5 119 4 0.14% 25 $1.26 14 $158 24 2.1% North Carolina 23 49 23 907 6 99 6 0.24% 10 $1.36 10 $542 1 1.6% Texas 29 62 16 1080 4 107 5 0.08% 38 $1.30 13 $170 20 2.4% Virginia 16 30 34 527 13 64 12 0.45% 2 $1.06 17 $109 38 66 U.S. 2.6% - - - - - - 0.16% - $1.98 - $185 - Where Are We Today in Achieving Quality Growth?

11. Landscape requires coordinated, focused action Focused but Effective Action

12. What is Florida Doing? • Strategic Plan - EFI • Florida Research Consortium • Florida Venture Forum • R&D Tax Exemption • Innovation Initiative Fund* • Centers of Excellence* • Closing Fund • Opportunity Fund • The 21st Century Technology, Research and Scholarship Act • Institute for the Commercialization of Public Research • State Board of Administration 1.5% investment authorization • Local and Regional Initiatives * not funded in 2008 Florida High Tech Corridor Council www.FloridaHighTech.com

13. Prosperity Vibrant Communities Global Leadership Infrastructure Quality of Life Governance Innovation Business Climate Talent Enterprise Florida Florida Council of 100 Tax Watch & Council of Economic Advisors Century Commission for Sustainable Florida James Madison Institute Innovation Caucus Workforce Florida OTTED Agency for Workforce Innovation Department of Education State University System Florida Chamber Florida Chamber Foundation

14. Measuring Florida’s Performance Dashboard to Track State and Regional Metrics ************ Save the Date October 6&7 www.FloridaChamber.com

15. www.FloridaChamber.com850.521.1200www.NewCornerstoneOnline.comState of the State SummitOctober 6-7, 2008Renaissance at SeaWorld