#UEDASummit
#UEDASummit
#UEDASummit
SPECIAL
KEYNOTE
PRESENTATI
ON

Victor Hwang
CEO, Co-founder and Managing
Director
of T2 Venture Creation

#UEDASummit
#UEDASummit
Marcia G. Welsh,
Ph.D.
President,
East Stroudsburg University

#UEDASummit
Hon. Tom Murphy
Senior Resident Fellow, Urban Land
Institute
and Former Mayor of Pittsburgh

#UEDASummit
The Rules are Changing:
Building 21st Century Communities
America’s First Road Trip
Horatio Nelson Jackson, Sewall K. Crocker &
Bud

1-2 December 2009

Source: www.pbs.org
Five Converging Forces
• Globalization
• Climate Change
• Technological Innovation
• Infrastructure Needs

• Demographics
Globalization:
Ports
Employment Changes 1990 -2013
U.S. Metro

Professional and
Education and Health
Manufacturing
Business Services
Services
%...
Climate Change
US Greenhouse Gas Emissions by Sector, 2010

Source: Inventory of U.S. Greenhouse Gas Emissions and Sinks 1...
The Trend Setters
•Seniors from 65-75 will be the fastest growing
group this decade
•Will grow from 28 to 42 million – a 5...
Millennials
• Late teens to early 30s - 83 million
• The largest generation in US history
• On average texts 1,300 times a...
Percentage of New Housing that is Infill
Metropolitan Region
(population one million or greater)

2000-2004
% Infill

Tota...
Building a 21st Century City
•
•
•
•
•

Well Managed
Vibrant
Entrepreneurial
Talent
Partnerships
Denver: Bond Issue
• In 2004, Fastrak Referendum
• $2 Billion Bond Approval
• 119 miles of light rail
• 7 Counties & 32 Mu...
Vibrant

Millennium Park, Chicago
• MAPs3:
– Passed with 54% of vote in Dec 2009
– Funds new central park, 27 miles of
new trails, other projects
– $777 mil...
High-tech industry is a bright spot in an otherwise
gray economic picture

High-tech jobs have grown nearly four times fas...
Entrepreneurial: Raw Materials
Annual R&D Spending by Country

Source: Source: Battelle, R&D Magazine, International Monet...
Entrepreneurial: Raw Materials
TOTAL 2010 U.S. R&D INVESTMENT: $395,800,000,000

Source: Battelle, R&D Magazine
Global Annual VC investment 2006-12

Source: Dow Jones VentureSource, 2013
Entrepreneurial:
Regional Capital Availability
Region

Venture Capital Investment By Millions

USA
Silicon Valley
New Engl...
Talent:
Changes in Educational Attainment, 1990-2012
MSA
Research Triangle
Seattle
San Diego
Boston
Philadelphia
Houston
D...
University Students in China
35,000,000

30,000,000

30,000,000
25,000,000
20,000,000

19,000,000 20,000,000
12,300,000

1...
Partnerships:
Research Triangle
It is now the largest
high-tech research
park in North
America, boasting 20
million sq. ft...
Partnerships:
Central Florida: “Medical City”
• Sanford-Burnham Research Institute biomedical
research facility, Florida: ...
Partnerships: UC, San Diego
Torrey Pines Mesa
Pittsburgh
Transforming Pittsburgh
“Pittsburgh is certainly not going to escape a national recession. But it can
provide lessons for ...
The Collaborative Innovation Center
at Carnegie Mellon
JOBS
To be Created: 489
NEW PROPERTY TAXES
Collected During TIF: $2...
From Vacant Nabisco Building to Google Offices
Transforming a University Campus:
Schenley Plaza Before and After
The South Side Works
has expanded an
historic neighborhood
and created a regional
destination

1-2 December 2009
South Side Works is a walkable mixed-use
Live-Work-Play Environment
Downtown Pittsburgh
The Cultural Trust
Three Rivers Stadium
Three Rivers Stadium
Heinz Field
PNC Park
David L. Lawrence Convention Center
North Shore Development
Principles of Success

1-2 December 2009
1. Leadership

2. Strategy
3. Institutional
Capacity
4. Financing
Infrastructure
5. Education
6. Design
Excellence
Highline Park, New York City
Where Will the New Roads Lead…
#UEDASummit
#UEDASummit
#UEDASummit
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UEDA Summit 2013 - Keynote Address - The Pittsburgh Experience: How Higher Education and Place-based Planning Accelerated Economic Change - Tom Murphy

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When Tom Murphy was Pittsburgh’s Mayor, the City launched an aggressive strategy to leverage its higher education and place-based assets to fuel and sustain its economic recovery. At the Urban Land Institute, Tom has been gathering insights on transformational best practices throughout the world. As Pittsburgh is again about to launch a new vision for the City, Tom will look back and forward on the City’s continued development and the lessons it can share with and learn from others.
• Hon. Tom Murphy, Senior Resident Fellow, Urban Land
Institute and Former Mayor of Pittsburgh

Published in: Education, Technology, Real Estate
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UEDA Summit 2013 - Keynote Address - The Pittsburgh Experience: How Higher Education and Place-based Planning Accelerated Economic Change - Tom Murphy

  1. 1. #UEDASummit
  2. 2. #UEDASummit
  3. 3. #UEDASummit
  4. 4. SPECIAL KEYNOTE PRESENTATI ON Victor Hwang CEO, Co-founder and Managing Director of T2 Venture Creation #UEDASummit
  5. 5. #UEDASummit
  6. 6. Marcia G. Welsh, Ph.D. President, East Stroudsburg University #UEDASummit
  7. 7. Hon. Tom Murphy Senior Resident Fellow, Urban Land Institute and Former Mayor of Pittsburgh #UEDASummit
  8. 8. The Rules are Changing: Building 21st Century Communities
  9. 9. America’s First Road Trip Horatio Nelson Jackson, Sewall K. Crocker & Bud 1-2 December 2009 Source: www.pbs.org
  10. 10. Five Converging Forces • Globalization • Climate Change • Technological Innovation • Infrastructure Needs • Demographics
  11. 11. Globalization: Ports
  12. 12. Employment Changes 1990 -2013 U.S. Metro Professional and Education and Health Manufacturing Business Services Services % 1990 2013 % Change 1990 2013 1990 2013 % Change Change Research Triangle 76.1 61.4 -19% 62.4 137.5 120% 51.6 122.3 137% Seattle 232.1 190.4 -18% 139 249.2 79% 123.6 222.3 80% San Diego 123.4 91.6 -26% 124.4 221.3 78% 84.1 157.5 87% Boston 205.8 92.4 -55% 226.1 330.4 46% 267.2 293.2 10% Philadelphia 246.9 127.6 -48% 213.6 331 55% 278.3 437.1 57% 84.8 63.4 -25% 129.5 238 84% 72 156.8 118% Baltimore 128.5 56.9 -56% 123.1 217.9 77% 145.8 249.2 71% San Francisco 171.8 115.8 -33% 268.9 405.4 51% 177.1 254.4 44% PITTSBURGH 130.6 90.6 -31% 126.6 180.2 42% 160.2 241.4 51% U.S. Total 17395 11965 -31% 10764 18553 72% 11230 20669 84% Denver Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES);
  13. 13. Climate Change US Greenhouse Gas Emissions by Sector, 2010 Source: Inventory of U.S. Greenhouse Gas Emissions and Sinks 1990-2010 (EPA 2012)
  14. 14. The Trend Setters •Seniors from 65-75 will be the fastest growing group this decade •Will grow from 28 to 42 million – a 50% growth by 2020. •Children of the 60s, have redefined every age they entered •When will they retire? For most, not for years
  15. 15. Millennials • Late teens to early 30s - 83 million • The largest generation in US history • On average texts 1,300 times a month • Six times less likely to have a car than their parents
  16. 16. Percentage of New Housing that is Infill Metropolitan Region (population one million or greater) 2000-2004 % Infill Total Research Triangle 76,870 8.0% 28,508 8.6% Seattle 131,137 39.7% 46,878 40.1% San Diego 89,633 37.0% 26,280 42.1% Boston 75,886 29.9% 28,841 35.0% Philadelphia 118,366 17.1% 39,573 25.5% Houston 291,138 26.6% 119,777 21.6% Denver 121,894 24.7% 36,911 20.8% Chicago 258,848 40.2% 93,667 43.3% Baltimore 70,880 14.4% 22,795 18.4% San Francisco 77,510 55.6% 24,433 58.4% Pittsburgh 42,789 13.6% 13,052 15.6% Total 2005-2009 % Infill 1-2 December 2009 Source: EPA: Residential Construction Trends in America's Metropolitan Regions: 2012 Edition
  17. 17. Building a 21st Century City • • • • • Well Managed Vibrant Entrepreneurial Talent Partnerships
  18. 18. Denver: Bond Issue • In 2004, Fastrak Referendum • $2 Billion Bond Approval • 119 miles of light rail • 7 Counties & 32 Municipalities
  19. 19. Vibrant Millennium Park, Chicago
  20. 20. • MAPs3: – Passed with 54% of vote in Dec 2009 – Funds new central park, 27 miles of new trails, other projects – $777 million, collected over 8 years • Third in MAPs series Parks in Oklahoma City
  21. 21. 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.
  22. 22. Entrepreneurial: Raw Materials Annual R&D Spending by Country Source: Source: Battelle, R&D Magazine, International Monetary Fund, World Bank, CIA World Factbook, OECD
  23. 23. Entrepreneurial: Raw Materials TOTAL 2010 U.S. R&D INVESTMENT: $395,800,000,000 Source: Battelle, R&D Magazine
  24. 24. Global Annual VC investment 2006-12 Source: Dow Jones VentureSource, 2013
  25. 25. Entrepreneurial: Regional Capital Availability Region Venture Capital Investment By Millions USA Silicon Valley New England NY Metro LA/Orange County Midwest San Diego Northwest Texas Southeast Dc/Metroplex Colorado Southwest Philadelphia Metro North Central South Central Upstate NY Unknown Sacramento/N.Cal AK/HI/PR $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 26,652.4 10,907.4 3,237.4 2,334.6 2,067.2 1,386.7 1,116.7 1,076.0 930.5 796.2 727.4 564.2 558.4 399.0 355.8 95.7 48.7 29.5 20.1 0.7 Source: National Venture Capital Association 2013 Yearbook
  26. 26. Talent: Changes in Educational Attainment, 1990-2012 MSA Research Triangle Seattle San Diego Boston Philadelphia Houston Denver Baltimore San Francisco PITTSBURGH U.S. Total % HS Grad/Higher 1990 82% 88% 82% 81% 76% 75% 86% 75% 82% 77% 75% 2009 89% 92% 86% 91% 89% 81% 90% 89% 88% 92% 86% % Bachelors 1990 20% 21% 16% 17% 14% 17% 20% 14% 22% 12% 13% 2009 26% 24% 22% 24% 21% 19% 26% 21% 27% 19% 18% % Grad Degree 1990 12% 9% 9% 11% 8% 8% 9% 9% 13% 7% 7% 2009 16% 14% 13% 19% 13% 10% 14% 16% 18% 12% 11% Source: American Community Survey, U.S. Census Bureau
  27. 27. University Students in China 35,000,000 30,000,000 30,000,000 25,000,000 20,000,000 19,000,000 20,000,000 12,300,000 15,000,000 13,000,000 15,000,000 10,000,000 5,000,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 China has increased the investments in higher education from around 1 per cent of the GDP in 2001 to 2 per cent in 2011.
  28. 28. Partnerships: Research Triangle It is now the largest high-tech research park in North America, boasting 20 million sq. ft. of developed space, and home to 157 companies, employing 39,000 people. It is a center of innovation.
  29. 29. Partnerships: Central Florida: “Medical City” • Sanford-Burnham Research Institute biomedical research facility, Florida: $310M Public Funds • Since 2006, 5,000 jobs created • University of Florida's Research and Academic Center • Nemours Children's Hospital • Orlando Veteran's Affairs Medical Center • UCF College of Medicine
  30. 30. Partnerships: UC, San Diego Torrey Pines Mesa
  31. 31. Pittsburgh
  32. 32. Transforming Pittsburgh “Pittsburgh is certainly not going to escape a national recession. But it can provide lessons for how to survive it: invest in knowledge, compete globally, rewrite the old rules of business.” - Time Magazine “Finding One Economic Bright Spot on Main Street”, 10/09/2008 1-2 December 2009 “Deindustrialization in Pittsburgh was a protracted and painful experience. Yet it set the stage for an economy that is the envy of many recession-plagued communities…” -New York Times, 01/07/2009
  33. 33. The Collaborative Innovation Center at Carnegie Mellon JOBS To be Created: 489 NEW PROPERTY TAXES Collected During TIF: $239,000 Collected After Expiration: $598,000 SPURRED INVESTMENT $55 Million State of the Art facility adjacent to Carnegie Mellon University that will: ◦ Attract Private technology firms to expand research and education collaborations ◦ Accelerate development of new technologies ◦ Support growth of region's technology industry base
  34. 34. From Vacant Nabisco Building to Google Offices
  35. 35. Transforming a University Campus: Schenley Plaza Before and After
  36. 36. The South Side Works has expanded an historic neighborhood and created a regional destination 1-2 December 2009
  37. 37. South Side Works is a walkable mixed-use Live-Work-Play Environment
  38. 38. Downtown Pittsburgh
  39. 39. The Cultural Trust
  40. 40. Three Rivers Stadium
  41. 41. Three Rivers Stadium
  42. 42. Heinz Field
  43. 43. PNC Park
  44. 44. David L. Lawrence Convention Center
  45. 45. North Shore Development
  46. 46. Principles of Success 1-2 December 2009
  47. 47. 1. Leadership 2. Strategy 3. Institutional Capacity
  48. 48. 4. Financing Infrastructure 5. Education 6. Design Excellence Highline Park, New York City
  49. 49. Where Will the New Roads Lead…
  50. 50. #UEDASummit
  51. 51. #UEDASummit
  52. 52. #UEDASummit

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