Economic Growth and State Colleges and Universities

Agenda for Today’s Discussion
Two Parts:
Role Higher Education
Wm. Sederburg, USHE
Economic Development Strategies
Ann Millner, WSU

Educational Attainment and Income
$50,000
1980
$43,000
$36,000
AK
Personal Income Per Capita
CT
$29,000
CA
NV
NJ
WY
HI
MD
NY
IL
CO
WA
DE
MA
MN
VA
OR
US
PA
MI
OH
WI
KS
FL
NH
RI
TX
IA
AZ
OK
IN
MO
$22,000
NE
MT
LA
VT
UT
ID
GA
ME
NM
NC
TN
WV
KY
SD
ND
Correlation = 0.64
SC
AL
AR
MS
$15,000
10
15
20
25
30
35
40
45
Percent of Adults Age 25-64 with Bachelor’s Degrees
Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

$50,000
1990
$43,000
CT
$36,000
NJ
NY
MA
MD
AK
HI
CA
DE
IL
$29,000
NH
VA
NV
MN
RI
WA
CO
PA
FL
US
OH
MI
KS
NE
OR
WI
WY
VT
MO
GA
IN
IA
ME
NC
TX
AZ
TN
OK
SD
$22,000
ND
SC
AL
ID
MT
KY
LA
UT
NM
WV
AR
Correlation = 0.76
MS
$15,000
10
15
20
25
30
35
40
45

$50,000
2000
CT
$43,000
NJ
MA
NY
MD
$36,000
CO
NH
CA
MN
IL
WA
VA
DE
NV
AK
US
PA
RI
MI
FL
WI
WY
HI
OH
OR
GA
TX
KS
VT
$29,000
NE
MO
IN
NC
IA
ME
TN
SD
AZ
ND
SC
OK
KY
UT
ID
AL
LA
MT
NM
AR
WV
$22,000
MS
Correlation = 0.80
$15,000
10
15
20
25
30
35
40
45

$50,000
2005
CT
$43,000
NJ
MA
MD
NY
$36,000
NH
CO
MN
VA
WY
DE
CA
IL
NV
AK
WA
RI
PA
HI
US
FL
WI
NE
KS
VT
SD
OR
MI
TX
OH
$29,000
IA
ND
MO
IN
NC
GA
ME
TN
AZ
OK
AL
MT
SC
ID
KY
NM
UT
AR
WV
$22,000
MS
LA
Correlation = 0.83
$15,000
10
15
20
25
30
35
40
45
6
6

Role of Higher Education

Importance of Post-secondary Ed.
Job Training
Workforce Development
Business Leadership
Applied Research
Basic Research

Roles Related to Institution Mission
Job Training –
Specific education for industry needs and for individual “job ”
Community Colleges & UCAT
Career & Technical Education

Five Roles Related to Institution
Workforce Development
Educate workers of the future for “careers”
Liberal arts education + career pathways
All USHE institutions

Business Leadership & Entrepreneurial Education
Provide business leaders for tomorrow’s industry
Small business development
Business Degrees, MBAs,& industry management

Applied Research
Investigate market needs and relate need to existing technology
Use of existing patents & international resources
Graduate institutions
Land Grant University Tradition (USU)
2007 Patent Report:
901 Utah Patents

Basic research (USTAR)
Discover new processes , technology and relationships
High-risk/high payoff costs
Technology transfer systems
University of Utah is one of the top in the country with start up firms

Institutional Development
Summary
Community Colleges – Job training & workforce development
Four year institutions – regional stewards, entrepreneurial ed.
Research – basic andapplied research – technology
Everyone – workforce development

Quick Observations
Diverse Portfolio & Strategy
Environment for Success

Ob. 1: Diverse Portfolio & Strategy
Need for a “diverse program portfolio” and strategy
Research – high yield, high risk
Regional service entities -to grow new businesses based on markets
Coordinated Plan – GOED, DWS, USOE, UCAT & USHE

Ob. 2: Environment for Success
World Class Research and development (UU & USU)
Educated workforce at all levels
Entrepreneurial education on campus
Resources to assist entrepreneurs
Small business centers on campus
Strategies to retain & grow business
Small Business Development Centers & MEP
Business climate (taxes & services)

Fundamental Truth
The path to personal economic growth is through higher education
The path to economic growth for the state is through higher education

Questions
Economic Growth and State Colleges and Universities

http://www.higheredutah.org	756
http://higheredutah.org	64
http://www.slideshare.net	2
http://beta.higheredutah.org	1

Economic Growth and State Colleges and Universities

by HigherEdUtah on Jan 07, 2010

Accessibility

Categories

Tags

Upload Details

Usage Rights

4 Embeds 823

Statistics

Economic Growth and State Colleges and Universities — Presentation Transcript