EDC Utah

Opening Graphic

Economic Development and Utah’s Higher Education
William Sederburg, Commissioner of Higher Education
Cameron Martin, Associate Commissioner
June 16, 2010

Higher Education is:
Big Business
Growth Industry
Critical to State’s Success
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Jeff Edward’s SBR Presentation
Other [Partnering] organizations:
Universities/Colleges
USTAR
Industry Associations
World Trade Center Utah
Chambers of Commerce
Local “Education” institutions

Need for Collaborative Strategy
Current Initiatives
Governor’s Excellence in Education Commission
Salt Lake Chamber of Commerce Initiative
Board of Regent’s Plan
State Board of Education “Promises to Keep”

It’s generally understood …
Personal AND statewide economic success directly correlate to educational attainment.
6

Utah Personal Income by Education
Associate’s or Certificate
Bachelor’s Degree
Advanced Degree
H.S. Diploma
Institute for Higher Education Policy (2005): The Investment Payoff, Appendix 1

Future Personal and State Job Prospects
Source: Carnevale, Anthony P., and Donna M Desrochers, Standards for What? The Economic Roots of K-16 Reform, Educational Testing Service, 2003.

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
Correlation = 0.64
KY
SD
ND
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
NJ
$36,000
NY
MA
MD
AK
HI
CA
DE
IL
NH
VA
NV
MN
RI
WA
CO
PA
FL
US
$29,000
OH
MI
KS
NE
OR
WI
WY
VT
MO
GA
IN
IA
ME
NC
TX
AZ
TN
OK
SD
ND
SC
AL
ID
MT
KY
LA
UT
NM
$22,000
WV
AR
MS
Correlation = 0.76
$15,000
10
15
20
25
30
35
40
45

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

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

Conclusions
Increasing correlation (.63 to .84)
2. State’s are differing from each other
3. Utah is falling behind

Utah Higher Education as an Economic Entity
One of the state’s largest economic clusters
$4+ billion in revenues
$2.9 billion in salaries/benefits
35,000 full/part-time employees

Growth Industry
Utah & U.S. Annual Births
U.S. Peak: 1975
1957 Birth Year
U.S. Trough: 1993
1973 Birth Year
U.S. Peak: 2008
Birth Year 1990
Utah Peak: 1979
1961 Birth Year
Utah Peak: 2000
1982 Birth Year

Good Return on Investment
$700 Million State Appropriations
$100 Million in FY 10 for Facilities
$4 Billion Expenditures
Community Engagement
Research
Leadership
Buildings since 1996 :
$700 Million state funded
$1.1 Billion privately funded

Good Return on Investment
Look at the University of Utah (FY09)
$2.3 Billion Budget
$266 M State Appropriations
$161 M Tuition
$ 1.8 B Other Revenue
$1 spent = $7 return
Plus a P Football Team!
12

Higher Education Programs
Utah Science Technology and Research
Utah Cluster Acceleration Program
Manufacturing Extension Program
Small Business Development Centers
Agricultural Research & Cooperative Extension
+ many, many more

USTAR Success
University of Utah, MIT lead nation in new companies founded
Published: Friday, Feb. 19, 2010 11:45 p.m. MST
A USTAR team spotlight: The Center for Advanced Nutrition at Utah State University
The U.'s accomplishment is significant, due to the fact that MIT received almost five times more research funding, $1.3 billion, compared with the U.'s approximately $273 million.
Aerospace Engineering at USU
The Economic Impact of Sponsored Research at the University of Utah
Report of BEBR

Utah Cluster Acceleration Partnerships
Pre-Phase – A stewardship audit
Phase I – Conduct an assessment and analysis of the industry.
Phase II – Develop a strategic plan to meet the industry cluster’s needs
Phase III – Implement the strategic plan with measures of accountability
Phase IV – Report outcomes including wage levels and job creation

UCAP Projects
Cluster: Aerospace (pilot project)
Convening Institution: Weber State University
Status: entering phase III (plan implementation)
Cluster: Energy (pilot project)
Convening Institution: Salt Lake Community College
Status: completing phase II (plan development)
Cluster: Digital Media(pilot project)
Convening Institution: Utah Valley University
Statue: entering phase I (industry assessment)
Launched via “PushButton Summit 2010” conference in March
UTC’s “BioVision” project
2010-11 UCAP projects

Talent Force Development
Graduates in 2009
2,494 teachers (associates/bachelors in education/teaching)
1,395 engineers (bachelor degree or higher)
1,654 nurses (associates/bachelors/masters)
238 doctors (all MD disciplines)
7,015 business (all degree levels)
7,199 career and technical certificates

Utah needs:
Goal
Long Range Plan
Leadership Commitment to Plan

Utah’s 2020 Higher Education Plan
Governor Herbert’s challenge:
Develop a plan to meet the needs of students and employers in the 21st century
Provide the most prepared and productive workforce in the nation
Report due Governor in the fall 2010

Utah’s 2020 Higher Education Plan
Utah’s Big Goal:
55% of Utahns ages 25 to 64 with a higher education certificate or degree by 2020
Tie to national movements
Lumina Foundation
President’s Challenge

National & State Challenge – 60% Credential
College attainment:
Canada: 55%
Japan: 54%
USA: 40%
148,000 new students
Source: National Center for Higher Education Management Systems, Governors’ Office of Planning and Budget

How Utah will achieve its big goal
State Board of Regents Strategic Goals:
Increase participation
high school graduates
returning adult learners
Women & minorities
Increase completion rates
K-16 Connections
Mathematics
Complete College America
Increase economic innovation
Regional Stewardship
Research & retraining

The EDCUtah Connection
Provide feedback on the 2020 Plan
Partner with Salt Lake Chamber of Commerce and its Prosperity 2020 Plan
Work with communities and local higher education institutions
Provide feedback on how higher education can better support EDCUtah and Utah businesses

USHE’s Support of EDCUtah
Engage EDCUtah
Student career counseling
Exploring a USHE-wide recruiting fair
Proactive recruiting assistance
Custom Fit & other job training programs
Craft academic programs for specific needs
Share data
Provided information in a timely manner
Utah Data Alliance grant
Tracking of alumni at all levels

EDC Utah

by HigherEdUtah on Jun 21, 2010

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EDC Utah — Presentation Transcript