ESU Innovation Center$11.25 Million, 51,000 sq. ft. facility Grand Opening - May 4, 2012
1836 - One of the fastest growing counties in PA Population - 169,842 History of tourism 25,000 commute daily to NY/NJ Unemployment: 10% PA unemployment: 8.1% Per capita income: $31,252 PA per capita income: $42,291
Attract new enterprises that create jobs with good pay,contribute to the tax base, and balance the burden forfinancing public facilities and services, especiallyschools.Diversify the County’s economy and support andupgrade tourism and other existing industries.Pursue, as a priority, the retention and expansion ofexisting Monroe County businesses.Develop required infrastructure to support economic development.
East Stroudsburg University of PA - 1893 Record enrollment 7,500 Ninth largest employer in Monroe Economic Impact $109.9M annually Competitive Academic Programs Global Partnerships R&D Opportunities Entrepreneurship
Gov. Thomas Corbett • Visit to Silicon Valley“It is critical for our start-ups and entrepreneurs tohave the resources needed to develop ideas intoproduction, job creation and ultimately a successfuland growing business,” said Corbett. “New businessgrowth equals jobs for our citizens. ”
President Barack Obama• “State of the Union” Address “ We need to out-innovate, out-educate, and out-build the rest of the world….America will once again have the highest proportion of college graduates in the world.”
Community – Connected Campuses Provide a Knowledge Economy and“Hot Spots” for Innovation
FUNDING PARTNERSPA Department of Community & Economic DevelopmentEconomic Development AdministrationAppalachian Regional CommissionGaming Funds - Local Share Account - Monroe CountyU.S. Department of EducationPennsylvania State System of Higher Education
Community-Connected Partnerships Resulted in $10M in funding
ESU Innovation CenterResearch and Economic DevelopmentEntrepreneurial Leadership CenterNortheast Wildlife DNA LaboratoryWet LabsComputer Training LabsConference FacilitiesFaculty Research OfficesSterling Strauser Gallery
ESU Innovation CenterAttract and grow companiesCollaborate with faculty and studentsCultivate business networking opportunitiesDevelop entrepreneursEncourage capital investmentsCreate life sustaining jobs
DCED - Office of International Business Development and NEPA Alsace Aventure - France C Castle Group - Korea Altiplano - France INTEGNOL - Poland
Business Accelerator • Created 118 jobs; retained 143; • 16 high tech companies• Placed over 160 students in externship/internships • 17 technologies commercialized • Student and faculty-owned companies • Technology Transfer and Commercialization
LYME-Aid representsthe FIRST commercializedfaculty and student researchin the 119 year history of ESUand almost 30 year history ofthe Pennsylvania StateSystem of Higher Education
Jonathan Weber, Computer Security/ Computer Science major - First Place eDentified People Search -$10,000
Create an entrepreneurial environment in Monroe County thatattracts innovative startup companies,supports job creation, and encourages research and development.
Getting Connected - REPLICABILITY• Know your Community, State and National agenda• Have a plan… strategic, feasibility study, etc.• Identify Leader(s)• Identify, Cultivate & Maintain Partnerships• Leverage Funds: public, private, in-kind, cash• GET STARTED “duct tape and chicken wire”• X-FACTOR Create Momentum, excitement
Getting Connected - SCALABILITY• Public and Private Universities• Large and Small• Rural and Urban “A journey of 1000 miles begins with a single step.” Confucius
Getting Connected SUSTAINABILITY• Create the CULTURE- Community Connected Campus – one person at a time…• LEVERAGE Successes – Tell your story• Seize OPPORTUNITIES• Re-think what we do• NEVER, NEVER, NEVER Give up!
University Economic Development Association Community-Connected Campus QUESTIONS?