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Nola bio lunch 2012(4)

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  • 1. Building on Innovation:Competing in the 21st Century
  • 2. Sweeping Away the Old Rules• Globalization• Technology• Demographics
  • 3. Infrastructure: Ports
  • 4. Employment Changes 1990 -2011 Manufacturing Professional and Business Services Education and Health ServicesU.S. Metro 1990 2010 % Change 1990 2010 % Change 1990 2010 % ChangeRESEARCH TRI. 76.9 62.1 -19% 62.4 121.4 95% 51.6 118.5 130%SAN DIEGO 123.4 90.7 -26% 124.1 198.8 60% 84.1 147.4 75%PHILADELPHIA 246.9 130.1 -47% 213.6 286 34% 278.3 434.5 56%WASHINGTON 50.8 35.2 -31% 289.8 557.8 92% 152.7 280.6 84%BALTIMORE 128.5 59.5 -54% 123.1 191.4 55% 145.8 244.6 68%SAN FRAN 170.5 113.4 -33% 275.7 339.8 23% 173.7 235.5 36%PITTSBURGH 130.6 85.5 -35% 126.6 155.6 23% 160.2 239.8 50%NEW YORK 867.0 367.6 -58% 957.4 1529.9 60% 1008.1 1257.4 25%DENVER 84.8 59 -30% 129.5 202.6 56% 72 143.9 100%NEW ORLEANS 46.9 31.2 -33% 52.6 68.6 30% 58.7 76.8 31%USA 17695 11743 -34% 10848 16991 57% 10984 19838 81% Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES);
  • 5. Education and Health Services: Rebuilding after Katrina All Employees, In Thousands Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES);
  • 6. The Trend Setters•Seniors from 65-75 will be the fastest growinggroup this decade•Will grow from 28 to 42 million – a 50% growthby 2020. •Children of the 60s, have redefined every age they entered •When will they retire? For most, not for years
  • 7. Gen Y• Late teens to early 30s - 83 million• The largest generation in US history• At the prime household formation age
  • 8. Building a 21st Century City• Well Managed• Vibrant• Educated• “Raw Materials”• Entrepreneurial• Capital availability
  • 9. Denver: Bond Issue• In 2004, Fastrak Referendum• $2 Billion Bond Approval• 119 miles of light rail• 7 Counties & 32 Municipalities
  • 10. Vibrant:Parks, Culture & Design Millennium Park, Chicago
  • 11. Weathering the Economic Storm Source: The College Advantage, Georgetown University Center on Education and the Workforce
  • 12. Education: Changes in Educational Attainment, 1990-2010 % HS Grad % Bachelors % Grad DegreeU.S. Metro 1990 2010 1990 2010 1990 2010Research Triangle 82% 88% 20% 26% 12% 18%Philadelphia 76% 87% 14% 19% 8% 13%San Diego 82% 85% 16% 22% 9% 13%Boston 81% 91% 17% 24% 11% 18%Seattle 88% 91% 21% 24% 9% 13%New York 75% 84% 15% 21% 11% 14%Baltimore 75% 88% 14% 20% 9% 15%San Francisco 82% 87% 22% 27% 13% 17%Pittsburgh 77% 91% 12% 17% 7% 11%Denver 86% 89% 20% 25% 9% 13%New Orleans 78% 87% 14% 16% 8% 9%U.S. Total 75% 85% 13% 18% 7% 10% Source: American Community Survey, U.S. Census Bureau
  • 13. Singapore and Jamaica, 1960-2011 Per Capita income Singapore Jamaica 1960 $ 5,100 $5,200 2011 $ 43,000 $8,000
  • 14. Raw MaterialsTOTAL 2010 U.S. R&D INVESTMENT: $395,800,000,000 Source: Battelle, R&D Magazine
  • 15. Raw MaterialsAnnual R&D Spending by Country Source: Battelle, R&D Magazine, OECD, IMF, CIA
  • 16. Raw Materials• Scripps Research Institute (TSRI) biomedical research facility, Florida: $310M Public Funds• Louisiana State University Medical Center and Veterans Administration complex, New Orleans: $2B in Federal and State Funds • Cleveland Clinic and the Lou Ruvo Brain Center, Las Vegas: $100M part of a larger development plan known as Symphony Park--a $2.8B investment.
  • 17. High-tech industry is a bright spot in an otherwise gray economic picture High-tech jobs have grown nearly four times faster than overall economy during the past 18 months.
  • 18. Entrepreneurial: Research TriangleIt is now the largesthigh-tech researchpark in North America,boasting 20 million sq.ft. of developed space,and home to 157companies, employing39,000 people. It is acenter of innovation.
  • 19. UC, San DiegoTorrey Pines Mesa
  • 20. Johns HopkinsForest City Science + Technology Park
  • 21. Central Florida: “Medical City”• Sanford-Burnham Research Institute biomedical research facility, Florida: $310M Public Funds• Since 2006, 5,000 jobs created• University of Floridas Research and Academic Center• Nemours Childrens Hospital• Orlando Veterans Affairs Medical Center• UCF College of Medicine
  • 22. Pittsburgh
  • 23. The Collaborative Innovation Center at Carnegie MellonJOBS State of the Art facility adjacentTo be Created: 489 to Carnegie Mellon University that will:NEW PROPERTY TAXESCollected During TIF: $239,000 ◦ Attract Private technologyCollected After Expiration: $598,000 firms to expand research and educationSPURRED INVESTMENT collaborations$55 Million ◦ Accelerate development of new technologies ◦ Support growth of regions technology industry base
  • 24. From Vacant Nabisco Building to Google Offices
  • 25. Ben Franklin Partnership• At 25, Ben Franklin Technology Partners is one of the nation’s longest-running technology-based economic development programs.• BFTP has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources.• Goal: To accelerate technology development and commercialization in the state of Pennsylvania, and to create high-paying, sustainable jobs for Pennsylvanians.• Serve as catalysts for economic growth.• Launched with high hopes in 1983, BFTP has a 3.5-to-1 return on investment that the organization has yielded for every state dollar invested.
  • 26. Venture Capital Availability: International Source: Dow Jones VentureSource, 2008; PriceWaterhouseCoopers, National Venture Capital Association
  • 27. Capital Availability: RegionalRegion By Millions % of TotalUSA $ 17,222 100%Silicon Valley $ 6,990 40%New England $ 2,161 12%NY Metro $ 1,413 8%Southeast $ 986 6%LA/Orange County $ 943 5%San Diego $ 903 5%Midwest $ 740 4%Northwest $ 705 4%Texas $ 645 4%Dc/Metroplex $ 546 3%Philadelphia Metro $ 424 2%Other US $ 1,235 7% Source: Dow Jones VentureSource, 2008; PriceWaterhouseCoopers, National Venture Capital Association
  • 28. Venture Capital & Universities Venture Capital Start-Ups Investment ($M) 2000 0 $ - 2001 3 $ - 2002 0 $ - 2003 1 $ 0.5 2004 0 $ - 2005 0 $ - 2006 2 $ 5.0 2007 3 $ 1.0 2008 5 $ 8.2 2009 1 $ 17.0 2010 1 $ -TOTAL UNIVERSITY R&D:• Louisiana State University Health Sciences Center:$59,473,000• Tulane: $153,242,000
  • 29. Principles of Success 1-2 December 2009
  • 30. 1. Leadership2. Strategy3. Institutional Capacity Hong Kong
  • 31. 4. Financing Infrastructure5. Education6. Design Excellence Highline Park, New York City
  • 32. Where Will the New Roads Lead…

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