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COVER. Economic Development & Purdue University. Defining the Role of the 21 st Century Land Grant University. Economic Development Strategic Planning Working Group. Joe Pekny (Chemical Engineering) Charlene Sullivan (Management) Sam Cordes (Agricultural Economics)

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  1. COVER

  2. Economic Development & Purdue University Defining the Role of the 21st Century Land Grant University Economic Development Strategic Planning Working Group

  3. 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) Economic Development Working Group

  4. Huge Indiana Role in Developing Automobile Industry Indiana Helped Found the Pharmaceutical Industry Indiana Played a Large Role in the Space Program Cruise IN: A guide to Indiana's automotive past and present, and Indiana Cars: A History of the Automobile in Indiana http://www.indianahistory.org/pop_hist/people/lilly.html Indiana Leads Many Agricultural Innovations http://www.agriculture.purdue.edu/ Phil Nelson: Aseptic Packaging Proud Indiana History of Economic Leadership & Entrepreneurship Indiana Role in… Medical Devices Logistics Energy Steel Chemicals … When Historic Opportunities Arise Hoosiers Have a Knack for Developing Them

  5. Purdue Research Park Partnerships Startup Companies Licensing To Practice or Commercialization Project Ideas Educational or Training Concepts Joint Ventures (recruit companies to Indiana) Seeding Nurturing Executing Cooperative EducationCampus Wide Purdue University Infrastructure • Discovery Park • Academic Units • Technical Assistance Program • Center for Regional Development • Cooperative Extension Service • Office of Technology Commercialization,… An Engine for Large Scale Research & Economic Development • 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 Industry Education increases lifetime earnings, benefits subsequent generations, etc. Feedback Loop Graduating Students Purdue Activities Incoming Students Improved education is increased economic development

  6. Merrillville/PTC NW February 11 Many Thanks to Fort Wayne/IPFW January 28 Lafayette Area/PTC January 30 Main Campus (Jan. 15) Prof. Jay Akridge Interim Vice Provost for Engagement Indianapolis/B&T February 8 Indianapolis/Intech Park January 31 And the Entire Engagement Organization New Albany February 13 Columbus February 15 Evansville March 3 Economic Development Listening Sessions

  7. 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!) Key Observations

  8. 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 Economic Development: Powering a Virtuous Cycle

  9. Chicago (pop: 9.2 million) Fort Wayne (pop: 0.40 million) Indianapolis (pop: 1.17 million) “Rural Culture” Cincinnati (pop: 1.6 million) Evansville (pop: 0.35 million) Louisville (pop: 1.0 million) Metropolitan-Rural Strategy Metropolitan-Rural Strategy Metropolitan-Rural Strategy State of Indiana (pop: 6.3 million)

  10. Advanced Manufacturing Life Sciences Defense/Homeland Security Healthcare Delivery & Translation Energy & Holistic Analysis Aviation, Space Entrepreneurship, & Aerospace Areas of Opportunity

  11. Work Force Development P12 & STEM Traditional Students The Talent Supply Chain

  12. Recruit, Grow & Promote Entrepreneurs “Purdue in Government” Program “Faculty, Staff & Graduate Students in Industry” Liberal Arts/Social Sciences Anchored Teams Many Faculty, Staff, & Student Opportunities

  13. To Practice or Commercialization Project Ideas Educational or Training Concepts Seeding Nurturing Executing Purdue University Infrastructure Purdue University Strategic Entrepreneurship & Economic Development (PU-SEED) Super Project Purdue Activities Incoming Students • 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

  14. Economic Development Action Group Vice Provost for Engagement Office Purdue Research Foundation Strategic & Tactical Execution Vice President for Research Office Discovery Park • International Programs • Advancement • Regional Campuses • University Development • Economic Development Strategy Group (Key Leaders, Deans,…)

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