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Nola bio lunch 2012(4)

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Nola bio lunch 2012(4)

  1. 1. Building on Innovation:Competing in the 21st Century
  2. 2. Sweeping Away the Old Rules• Globalization• Technology• Demographics
  3. 3. Infrastructure: Ports
  4. 4. Employment Changes 1990 -2011 Manufacturing Professional and Business Services Education and Health ServicesU.S. Metro 1990 2010 % Change 1990 2010 % Change 1990 2010 % ChangeRESEARCH TRI. 76.9 62.1 -19% 62.4 121.4 95% 51.6 118.5 130%SAN DIEGO 123.4 90.7 -26% 124.1 198.8 60% 84.1 147.4 75%PHILADELPHIA 246.9 130.1 -47% 213.6 286 34% 278.3 434.5 56%WASHINGTON 50.8 35.2 -31% 289.8 557.8 92% 152.7 280.6 84%BALTIMORE 128.5 59.5 -54% 123.1 191.4 55% 145.8 244.6 68%SAN FRAN 170.5 113.4 -33% 275.7 339.8 23% 173.7 235.5 36%PITTSBURGH 130.6 85.5 -35% 126.6 155.6 23% 160.2 239.8 50%NEW YORK 867.0 367.6 -58% 957.4 1529.9 60% 1008.1 1257.4 25%DENVER 84.8 59 -30% 129.5 202.6 56% 72 143.9 100%NEW ORLEANS 46.9 31.2 -33% 52.6 68.6 30% 58.7 76.8 31%USA 17695 11743 -34% 10848 16991 57% 10984 19838 81% Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES);
  5. 5. Education and Health Services: Rebuilding after Katrina All Employees, In Thousands Source: Bureau of Labor Statistics, Occupational Employment Statistics (OES);
  6. 6. The Trend Setters•Seniors from 65-75 will be the fastest growinggroup this decade•Will grow from 28 to 42 million – a 50% growthby 2020. •Children of the 60s, have redefined every age they entered •When will they retire? For most, not for years
  7. 7. Gen Y• Late teens to early 30s - 83 million• The largest generation in US history• At the prime household formation age
  8. 8. Building a 21st Century City• Well Managed• Vibrant• Educated• “Raw Materials”• Entrepreneurial• Capital availability
  9. 9. Denver: Bond Issue• In 2004, Fastrak Referendum• $2 Billion Bond Approval• 119 miles of light rail• 7 Counties & 32 Municipalities
  10. 10. Vibrant:Parks, Culture & Design Millennium Park, Chicago
  11. 11. Weathering the Economic Storm Source: The College Advantage, Georgetown University Center on Education and the Workforce
  12. 12. Education: Changes in Educational Attainment, 1990-2010 % HS Grad % Bachelors % Grad DegreeU.S. Metro 1990 2010 1990 2010 1990 2010Research Triangle 82% 88% 20% 26% 12% 18%Philadelphia 76% 87% 14% 19% 8% 13%San Diego 82% 85% 16% 22% 9% 13%Boston 81% 91% 17% 24% 11% 18%Seattle 88% 91% 21% 24% 9% 13%New York 75% 84% 15% 21% 11% 14%Baltimore 75% 88% 14% 20% 9% 15%San Francisco 82% 87% 22% 27% 13% 17%Pittsburgh 77% 91% 12% 17% 7% 11%Denver 86% 89% 20% 25% 9% 13%New Orleans 78% 87% 14% 16% 8% 9%U.S. Total 75% 85% 13% 18% 7% 10% Source: American Community Survey, U.S. Census Bureau
  13. 13. Singapore and Jamaica, 1960-2011 Per Capita income Singapore Jamaica 1960 $ 5,100 $5,200 2011 $ 43,000 $8,000
  14. 14. Raw MaterialsTOTAL 2010 U.S. R&D INVESTMENT: $395,800,000,000 Source: Battelle, R&D Magazine
  15. 15. Raw MaterialsAnnual R&D Spending by Country Source: Battelle, R&D Magazine, OECD, IMF, CIA
  16. 16. Raw Materials• Scripps Research Institute (TSRI) biomedical research facility, Florida: $310M Public Funds• Louisiana State University Medical Center and Veterans Administration complex, New Orleans: $2B in Federal and State Funds • Cleveland Clinic and the Lou Ruvo Brain Center, Las Vegas: $100M part of a larger development plan known as Symphony Park--a $2.8B investment.
  17. 17. 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.
  18. 18. Entrepreneurial: Research TriangleIt is now the largesthigh-tech researchpark in North America,boasting 20 million sq.ft. of developed space,and home to 157companies, employing39,000 people. It is acenter of innovation.
  19. 19. UC, San DiegoTorrey Pines Mesa
  20. 20. Johns HopkinsForest City Science + Technology Park
  21. 21. Central Florida: “Medical City”• Sanford-Burnham Research Institute biomedical research facility, Florida: $310M Public Funds• Since 2006, 5,000 jobs created• University of Floridas Research and Academic Center• Nemours Childrens Hospital• Orlando Veterans Affairs Medical Center• UCF College of Medicine
  22. 22. Pittsburgh
  23. 23. The Collaborative Innovation Center at Carnegie MellonJOBS State of the Art facility adjacentTo be Created: 489 to Carnegie Mellon University that will:NEW PROPERTY TAXESCollected During TIF: $239,000 ◦ Attract Private technologyCollected After Expiration: $598,000 firms to expand research and educationSPURRED INVESTMENT collaborations$55 Million ◦ Accelerate development of new technologies ◦ Support growth of regions technology industry base
  24. 24. From Vacant Nabisco Building to Google Offices
  25. 25. Ben Franklin Partnership• At 25, Ben Franklin Technology Partners is one of the nation’s longest-running technology-based economic development programs.• BFTP has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources.• Goal: To accelerate technology development and commercialization in the state of Pennsylvania, and to create high-paying, sustainable jobs for Pennsylvanians.• Serve as catalysts for economic growth.• Launched with high hopes in 1983, BFTP has a 3.5-to-1 return on investment that the organization has yielded for every state dollar invested.
  26. 26. Venture Capital Availability: International Source: Dow Jones VentureSource, 2008; PriceWaterhouseCoopers, National Venture Capital Association
  27. 27. Capital Availability: RegionalRegion By Millions % of TotalUSA $ 17,222 100%Silicon Valley $ 6,990 40%New England $ 2,161 12%NY Metro $ 1,413 8%Southeast $ 986 6%LA/Orange County $ 943 5%San Diego $ 903 5%Midwest $ 740 4%Northwest $ 705 4%Texas $ 645 4%Dc/Metroplex $ 546 3%Philadelphia Metro $ 424 2%Other US $ 1,235 7% Source: Dow Jones VentureSource, 2008; PriceWaterhouseCoopers, National Venture Capital Association
  28. 28. Venture Capital & Universities Venture Capital Start-Ups Investment ($M) 2000 0 $ - 2001 3 $ - 2002 0 $ - 2003 1 $ 0.5 2004 0 $ - 2005 0 $ - 2006 2 $ 5.0 2007 3 $ 1.0 2008 5 $ 8.2 2009 1 $ 17.0 2010 1 $ -TOTAL UNIVERSITY R&D:• Louisiana State University Health Sciences Center:$59,473,000• Tulane: $153,242,000
  29. 29. Principles of Success 1-2 December 2009
  30. 30. 1. Leadership2. Strategy3. Institutional Capacity Hong Kong
  31. 31. 4. Financing Infrastructure5. Education6. Design Excellence Highline Park, New York City
  32. 32. Where Will the New Roads Lead…

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