1 / 11

Ohio Third Frontier Performance Metrics

Ohio Third Frontier Performance Metrics. * Leveraged dollars to state funds expended (does not include any cost share). ** Metric based on multiplier from 2009 SRI Report, Making an Impact: Assessing the Benefits of Ohio’s Investment in Technology-Based Economic Development Programs.

thina
Download Presentation

Ohio Third Frontier Performance Metrics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ohio Third Frontier Performance Metrics * Leveraged dollars to state funds expended (does not include any cost share). ** Metric based on multiplier from 2009 SRI Report, Making an Impact: Assessing the Benefits of Ohio’s Investment in Technology-Based Economic Development Programs. *** State funds expended/ direct jobs created.

  2. Ohio Third Frontier Awards State funds awardedDec 11: $1.13B Number of grantsDec 11: 421

  3. Ohio Third Frontier Leverage Ratio 3.5 : 1 equals Biomedical Research and Technology Transfer Commission, and Ohio Public Expenditures Council estimated leverage Dollar value of leverage is $7.3B Goal = 3.5 : 1

  4. Ohio Third Frontier Funds Expended & Leverage Expenditures: Dec 11: $847M Leverage:Dec 11: $7.3B

  5. Ohio Third Frontier Direct & Indirect Jobs Goal equals value estimated by Ohio Public Expenditures Council. 14,568 direct jobs. Types of direct jobs: Prod/Mfg: 23% R&D: 50% Admin/Other: 26% Job Creation Goal = 96,000

  6. Ohio Third Frontier Leverage by Category $7.3B 6% 1% (L) $6.6B 6% 1% (L) $5.9B 28% 5% $5.3B 1% (L) 26% 5% 1% (L) $4.7B 26% 6% 1% (L) $4.1B 24% 7% 23% 1% (L) 30% $3.43B 28% 21% 8% 26% 1% (L) 28% 18% 28% 27% 7% 7% 8% 3% (S) 26% 8% 3% (S) 3% (S) 9% 3% (S) 9% 3% (S) 9% 3% (S) 3% (S) 28% 26% 31% 31% 31% 33% 36%

  7. Ohio Third Frontier Company Creation/Capitalization/Attraction Companies reported that have since ceased all operations in Ohio: 81

  8. Ohio Third Frontier Average Salary & Cost Per Direct Job Created • Average salary of direct jobs created is well above state average salary $40,128 • Average annual salary exceeds cost per direct job created

  9. Biomedical ($402) Advanced Materials ($205) Advanced Energy ($192) Funds ($179) Instruments, Controls & Electronics ($103) Advanced Propulsion ($39.9) IT awards by June 2010: $13.7M Ohio Third Frontier Funds Awarded by Sector

  10. Biomedical Advanced Energy Instruments, Controls & Electronics Advanced Materials Advanced Propulsion Funds Ohio Third Frontier Funds Awarded by Sector/Region Awards Per Region: Northeast: 189 Central: 100 West Central: 51 Northwest: 35 Southwest: 34 Southeast: 8 Total State Funds Per Region: Northeast: $494M Central: $282M West Central: $130M Southwest: $118M Northwest: $87M Southeast: $25M

  11. Grand Summary of Statistics *Expenditure for endowment is recorded once a research scholar has been hired. **Adjusted to eliminate duplication of company data by collaborating programs

More Related