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Economic Development At Virginia Tech

Economic Development At Virginia Tech






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  • Industry creation (Silicon valley)Industry Industry creation Boston: Systems biology Silicon Valley: Personal computerIndustry transplantation I-85 corridor (NC/SC): Automotive assembly Taipai-Hsinchu corridor: ElectronicsDiversification existing industry Akron: Tires to advanced polymers Rochester, NY: Cameras, copiers to opto-electronicUpgrade existing industry Tampere, Finland: Industrial machinery Charlotte: Motor sports (NASCAR)
  • Virginia Tech Economic Development Project Highlights 2008-2010Ballston CenterIn the National Capital Region (NCR) construction is underway on the Virginia Tech Ballston Center, a seven-story, 144,000 square-feet, LEED certified facility. The facility, located in Arlington, Virginia, adjacent to the headquarters of the National Science Foundation and Defense Advanced Research Project Agency, will be completed in 2011. Key research programs for the facility will include informatics and cyber-security, which are among the assets leveraged in a major new project partnership with IBM, and Arlington on disaster management modeling. Commonwealth Center for Advanced ManufacturingRolls-Royce is constructing a jet-engine plant on a 1,000-acre site in Prince George County, Virginia. Company officials highlighted the importance of the state’s higher education system in deciding to locate in the state. They have joined with the University of Virginia and Virginia Tech to create the Commonwealth Center for Advanced Manufacturing (CCAM), a new not-for-profit, membership-based scientific, research and educational corporation. CCAM will begin construction later this year on a 50,000 square-feet facility that will house computational and large-scale production labs, as well as open production space for heavy equipment and surface coating processes. Corporate Research Center Activity at the Corporate Research Center (CRC) continues to grow at a great pace despite the current down economy. The CRC currently consists of 120 acres, 27 buildings, and 1million square feet of Class A office and lab space, 90% of which is occupied. Last month the CRC broke ground on a new phase. This will consist of 95 acres, 18 planned buildings and will house an additional 1 million square feet of space. The CRC’s 140 tenants employ more than 2,200 employees. Tenant companies announcing expansions between 2008-2010 included Harmonia, Intrexon, Schultz-Creehan, and TORC who plan to create a total of 168 new jobs.Institute for Advanced Learning and ResearchThe National Tire Research Center (NTCR) is a $14 million collaborative effort involving General Motors, Virginia Tech’s Transportation Institute, the Department of Mechanical Engineering, and Institute for Advanced Learning and Research (IALR). The NTRC is anticipated to generate $12 million in testing revenue within five years and generate 183 jobs within the region by 2020. Construction has begun on a new Sustainable Energy Technology Center (SEnTec), a 25,000 square feet facility including research laboratories, support services and offices to be utilized by IALR and Virginia Tech faculty. This project, funded by the Virginia Tobacco Commission, is focused on technology transfer and associated commercialization and will provide opportunities for contract research and may spin off businesses or license technologies developed at the center. Tobacco Commission Energy R&D Centers The Virginia Tobacco Indemnification and Revitalization Commission provided $36M toward construction of facilities to support energy research and development. Virginia Tech provided thought leadership and facilitated discussion between the Tobacco Commission and communities in the creation of these facilities. Region 2000’s Center for Advanced Engineering and Research (CAER), focused on Nuclear Engineering, and IALR’s Sustainable Energy Technology Center already have active relationships with Virginia Tech faculty. CAER has already served to anchor partnerships with Region 2000’s growing nuclear industry firms. Virginia Community College CollaborationsVirginia Tech led two teams that secured $9.5 million for job training and curricular development in Green, Energy-Efficient Construction and Health Information Technology for Southwest Virginia. Faculty from Building Construction, Business Information Technology, Urban Affairs and Planning, and the Office of Economic Development worked with dozens of industry partners and six community colleges to develop these programs that will provide cutting-edge training upgrading the skills of workers in these industries. Among the industry partners are leading regional firms including as Breakell and Carilion. Virginia Economic Development Partnership CollaborationsThe state’s system of higher education is a key asset cited by economic developers in marketing Virginia. Some companies, such as Rolls-Royce, very explicitly identify the role Virginia Tech and others schools play in their location choice. The Virginia Economic Development Partnership places particular value on their relationship with Virginia Tech in vetting technology questions for the agency and helping to attract investments by firms. Between 2008 and 2010 many firms announcing new locations or expansions in Virginia had strong, substantive ties to Virginia Tech. These include industry affiliate or consortium members, CRC tenants, donors of major gifts, technology licensees, and partners in research contracts over $100,000.They range from energy giants like Alpha Natural Resources and AREVA to defense and aerospace firms like Northrup Grumman and Orbital Sciences. They created thousands of jobs, and invested millions of dollars of capital in the state during this period.
  • Office of Economic Development, reports to VP for Outreach and International Affairs5 professional staff, 1 support staff, 6 graduate students Significantly driven by external grants and contracts Internal collaborations critical to implementation including faculty in: CALS, CAUS, COE, and PamplinProvide both funded projects and engage classes
  • Identified the opportunityConvened the teamWrote the grantOrganized “start-up”Collaborate on implementationDelivered VT specialists
  • Identified the opportunityConvened the teamWrote the grantOrganized “start-up”Collaborate on implementationDelivered VT specialists

Economic Development At Virginia Tech Economic Development At Virginia Tech Presentation Transcript

  • Economic Development at Virginia Tech
    John Provo, Director
    Office of Economic Development
  • Virginia Tech’s Mission Statement
    Virginia Polytechnic Institute and State University (Virginia Tech) is a public land-grant university serving the Commonwealth of Virginia, the nation, and the world community. The discovery and dissemination of new knowledge are central to its mission. Through its focus on teaching and learning, research and discovery, and outreach and engagement, the university creates, conveys, and applies knowledge to expand personal growth and opportunity, advance social and community development, foster economic competitiveness, and improve the quality of life.
  • Virginia Tech’s Strategic Plan
    Economic Vitality:
    Connect the university’s discovery, learning, and engagement assets through partnerships with both the public and private sectors to advance the economic vitality of the commonwealth and the quality of life of its citizens.
  • A challenge
    Universities should embrace their roles as economic actors
    The conventional view of universities in technology-based development is too narrow
    One-size fits all approach to universities in economic development is unwise
    Universities need to approach development strategically
    Richard Lester, Universities, innovation, and the competitiveness of local economies (Industrial Performance Center, MIT, December 2005)
  • Virginia Tech’s response (in part)
    Commonwealth Center for Advanced Manufacturing, Petersburg
    Institute for Advanced Learning and Research, Danville
    Tobacco Commission R&D Centers, Southwest and Southside
    Virginia Community College collaborations
    Virginia Economic Development Partnership collaborations
    Virginia Tech Corporate Research Center, Blacksburg
    Virginia Tech Research Center-Arlington
  • Virginia Tech Corporate Research Center
    140 companies and 2000+ employees
    Phase I includes 120 acres, 27 buildings , and 1 million square feet at 90%+ Occupancy
    Phase II underway will include 95 acres, 18 buildings, and 1 million additional square feet
  • VT KnowledgeWorks
    Full-service business acceleration center
    Not an incubator, but offers incubation services
    60+ active clients at all stages of corporate maturity – concept to cash-out
  • Virginia Tech Research Center, Arlington
    • 900 Glebe Road
    • 140,000 square feet
    • State-of-the-Art Technology
    • Developing intellectual property that can be commercialized within the region,
    • Working closely with industries and the government on applied research focused on critical issues, i.e., helping to solve the knotty problems that require extensive research,
  • Virginia Tech Research Center, Arlington (cont.)
    • Bringing to the region access to High Performance Computing and the technical expertise to help educate the workforce in understanding how HPC can revolutionize how to structure and resolve complex problems,
    • Creating a highly educated pool of graduate students who will live and likely remain in the region,
    • Bringing thought leaders in science and technical areas to the region to help government and industries stay ahead of the knowledge curve in areas such as energy, cyber-security, informatics, and medical technologies.
  • Institute for Advanced Learning and Research (IALR) in Danville
    • Collaborative project with the Commonwealth of Virginia, local governments, the Virginia Tobacco Commission, local educational institutions, and Virginia Tech
  • IALR Research Programs
    • Horticulture and Forestry
    • Motorsports & Vehicle
    • Robotics & Unmanned Systems
    • Sustainable Energy
  • Thought leadership for the state
    Gubernatorial initiatives (E.g. Virginia Works Program, Life Sciences Strategy)
    Virginia Tobacco Commission investments in broadband and energy
    Virginia’s University-Based Economic Development group
  • Other Virginia Tech partners
    Applied Research Corporation
    Business Technology Center
    Virginia Tech Intellectual Properties
    Economic Development Leadership Team
  • Office of Economic Development
    Align resources in the university with those in the public and private sector
    Create unique partnerships involving actors internal and external to the university
    Provide critical analytical resources for high impact projects
    Serve as a “think and do” tank for ideas at various stages
  • US Economic Development Administration (EDA)
    One of 53 US EDA University Centers
    Largest in the eastern US
    Relationships with EDA and other federal agencies
  • Workforce development
    $3.8m US DOL Energy Training Partnership Grant
    Virginia Tech, Community Housing Partners, 3 Community Colleges, private sector and other partners
    Development of state of the art curriculum
    $4.7 US DOL Community-based Job Training Grant
    Virginia Tech, 5 Community Colleges, and other partners including 19 hospitals/systems
    Development of state of the art curriculum
  • Advanced manufacturing
    $1.5 US EDA Community Trade Adjustment Assistance Grant
    Virginia Tech, GENEDGE, Planning Districts, private sector including Volvo Trucks
    Estimated 20 technical assistance projects for firms
    Product development, process improvements, green technology
  • Policy and planning
    Post-secondary Educational Attainment for Virginia’s Adult Workers (National Governor’s Association)
    Development of Department of Homeland Security Campus Washington, DC (US EDA)
    Feasibility studies and plans on topics including: business incubation, technology transfer, and tourism
  • Contact
    John Provo, Ph.D.
    Office of Economic Development (0373)
    Outreach and International Affairs
    Virginia Tech
    702 University City Blvd.
    Blacksburg, VA 24061
    Website: http://www.econdev.vt.edu
    Linked In: http://www.linkedin.com/in/johnprovo
    Twitter: http://twitter.com/japrovo
    Blog: http://www.ee.unirel.vt.edu/index.php/econdevelopment/
    Tel: 540-231-4004