UEDA 2015 Awards of Excellence - Leadership & Collaboration - Knowledge Based Economic Development (KBED)
Kansas State University Knowledge Based Economic Development (KBED) This integrated community economic development program seeks to attract companies by leveraging the talent, innovation, and training capabilities and infrastructure available at Kansas State University. KBEDβs efforts help increase the number of high-paying jobs, generate new discoveries through university-industry collaborations, and boost the infrastructure of the region. This initiative is supported by a diverse group of successful Manhattan partner organizations. The KBED partnership is in its 8th year of operation and now plays an instrumental role in defining the economic development strategy for the Manhattan community. Those strategies include the facilitation of robust private sector / university collaborations; attraction and creation of knowledge-based businesses; and the development of infrastructure necessary to accommodate a knowledge-based economy. Unlike other economic development initiatives, KBED is organized as an LLC and the organization focuses exclusively on recruiting companies that match Kansas State University and the regionβs aggregate strengths. This formalized partnership allows the town-gown relationship to thrive and creates an added dimension of ownership and responsibility that enables the strategic vision to be executed successfully. Kent Glasscock, President, Kansas State University Institute for Commercialization Rebecca Robinson, Director of Economic Development, Kansas State University Institute for Commercialization
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UEDA 2015 Awards of Excellence - Leadership & Collaboration - Knowledge Based Economic Development (KBED)
- 3. How does a public university advance its mission through economic development activism? How does a community move beyond βrob thy neighborβ economic growth?
- 5. How does a public university advance its mission through economic development activism? How does a community move beyond βrob thy neighborβ economic growth?
- 11. How does a public university advance its mission through economic development activism? How does a community move beyond βrob thy neighborβ economic growth?
- 15. How does a public university advance its mission through economic development activism? How does a community move beyond βrob thy neighborβ economic growth?
Editor's Notes
- Anderson hall photo
- Describe where Manhattan KS is, and lead into how traditional ecodev wasnβt working for the community Traditional economic development was to engage in a βRob thy neighborβ economic development strategy
- Manhattan was too poor to play this game. β’ Downtown manhattan shot β’ fade in text 2 times
- For Manhattan, the solution was the creation of Knowledge Based Economic Development. KBED is a unique partnership of civic, academic and private sector entities working together to support new and growing companies in Manhattan, Kansas. Those partners include community, business community, and the entire university family. Structured as an LLC, 1.5 FTEβs dedicated to advancing the Partnersβ initiatives. β’ aerial shot of manhattan/univ β’ university logos on left β’ manhattan logos on right
- Manhattan was too poor to play this game. β’ Downtown manhattan shot β’ fade in text 2 times
- The community decided to change their approach Brought together business and university leaders at the highest level
- The community decided to change their approach Brought together business and university leaders at the highest level β’ People photo β community, aggieville
- Find committed leaders, put them in the same room, show them that they fundamentally share the same goals Leaders determined that the most effective outcome would be an integrated plan between the community, city, and university ββ¦being a center of innovation and having a large number of highly educated residents promotes faster income growth.β - Federal Reserve Bank of Cleveland, 2005 Annual Report β’ pick manhattan website. Rowers photo at tuttle. Winding path
- Identify university Innovation, Talent, and Training assets that are of interest to the private sector Demonstrate preliminary areas where desirable outcomes could become reality through collaboration Once those goals are identified, create a roadmap that will be the integrated strategy of your collective Create a formal structure - KBED is a part of peopleβs day job here in Manhattan Ingrain the culture until it is accepted as a part of the fabric of the community β’ lab photo background
- Full time staff sets us apart Federal Labs were first Fundamentally change the town-gown relationship by transforming the university economic development strategy into being an activist at the local level Create community relationships with an integrated strategy to the point where a university rep starts a sentence, and a community rep finishes it Itβs hard, but it can be done. Enthusiasm has increased. Foundation is building buildings based on the economic growth model. β’ NBAF photo/rendering
- Manhattan was too poor to play this game. β’ Downtown manhattan shot β’ fade in text 2 times
- This type of collaboration makes sense when you talk about it, but itβs not easy A great deal of this process could be an uphill battle, and leaders will need to realize from the outset that the going will get tough Leaders need to engage on both a local and national basis, and even be willing to fight political battles if necessary Leadership needs to be committed, willing to compromise, engage on a national basis, fight political battles, and stay committed Produce real, measurable results Full time staff What sets us apart is: All of the KSU Family is involved Community & Business Community involved Long term committment Real investment focused on economic growth: Dept. of Ag, OneLab, 2 buildings - $94 million in Purdue modelβs point is what we did in the beginning on our own and it is a critical component. We did something akin to Purdue, but the real battle was after that, What happens then and every year after then. Can you consistently How do you have enough success that the partners re-up, maintain shared strategy to every day write a check. β’ wheat / sunset photo.
- IMPACT KBEDβs efforts help increase the number of high-paying jobs, generate new discoveries through university-industry collaborations, and boost the infrastructure of the region In ecodev, engagement and alignment are easy - but enabling, advancing, and enrichingβ¦ those you can take to the bank β’ aerial photo? β’ state of ks dept of ag
- Manhattan was too poor to play this game. β’ Downtown manhattan shot β’ fade in text 2 times