Penn State’s Role in Economic, Workforce, & Community Development

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Presented by Craig Weidemann at Initiatives and Opportunities in Economic and
Workforce Development at Penn State University, State College, Pennsylvania, May 1, 2007

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  • Good morning.
  • Penn State’s Role in Economic, Workforce, & Community Development

    1. 1. Penn State’s Role in Economic, Workforce, & Community Development Craig Weidemann Vice President for Outreach
    2. 2. Higher Education’s Role in Economic & Workforce Development In Cleveland’s heyday. . . proximity to water or rail mattered a lot. Today, proximity to a university campus matters a lot. Tim Ferguson, Forbes, 5/31/99
    3. 3. Higher Education Commits Resources Penn State U. of Michigan U. of Wisconsin Washington State Georgia Tech U. of North Carolina U. of Arizona Indiana University Colorado State U. of Texas U. of S. California U. of Oregon Iowa State Oklahoma State Purdue Ohio State
    4. 4. Economic & Workforce Development Plans
    5. 5. More than 200 Doors to Penn State
    6. 6. Four Pillars of Economic & Workforce Development Economic Impact Human Capital Development Research & Innovation Community Engagement
    7. 7. Economic Impact <ul><li>University of Georgia $9.7B </li></ul><ul><ul><li>1 in 36 in-state jobs </li></ul></ul><ul><li>University of Wisconsin $9.5B </li></ul><ul><ul><li>6% in-state jobs </li></ul></ul><ul><li>Johns Hopkins University $7.0B </li></ul><ul><ul><li>$1 of every $28 in state originates at Hopkins </li></ul></ul><ul><ul><li>3 out of 100 in-state jobs </li></ul></ul>Higher Education Across U.S. Economic Impact Human Capital Development Research & Innovation Community Engagement
    8. 8. Economic Impact <ul><li>Penn State </li></ul><ul><li>Other State-related Universities </li></ul><ul><li>State System of Higher Education Institutions </li></ul><ul><li>Pennsylvania Independent Colleges and Universities </li></ul><ul><li>Total $33 Billion </li></ul>Pennsylvania Economic Impact Human Capital Development Research & Innovation Community Engagement
    9. 9. Economic Impact <ul><li>Single largest generator of economic impact and job creation in the Commonwealth. </li></ul><ul><ul><li>200,00 alumni </li></ul></ul><ul><ul><li>60,863 jobs </li></ul></ul><ul><ul><li>$19.42 in economic impact for every $1 received </li></ul></ul>Penn State, $6.1 Billion Economic Impact Human Capital Development Research & Innovation Community Engagement
    10. 10. <ul><li>Teaching Students </li></ul><ul><ul><li>5,000 internships/co-ops with PA companies since 2000 </li></ul></ul><ul><ul><li>The Learning Factory </li></ul></ul><ul><ul><li>Penn State Nanofabrication Facility </li></ul></ul>Human Capital Development Economic Impact Human Capital Development Research & Innovation Community Engagement
    11. 11. HIDDEN SLIDE
    12. 12. Human Capital Development continued. . . <ul><li>Fostering Entrepreneurship </li></ul><ul><ul><li>College of Engineering, Center for Engineering Design and Entrepreneurship </li></ul></ul><ul><ul><li>Smeal College of Business, Farrell Center for Corporate Innovation and Entrepreneurship </li></ul></ul><ul><ul><li>Northeast Regional Center for Rural Development </li></ul></ul><ul><ul><li>Center for Food Innovation </li></ul></ul><ul><ul><li>Penn State Altoona Devorris Downtown Center </li></ul></ul>Economic Impact Human Capital Development Research & Innovation Community Engagement
    13. 13. HIDDEN SLIDE
    14. 14. Human Capital Development continued. . . <ul><li>Training Workforce </li></ul><ul><ul><li>Statewide Continuing Education </li></ul></ul><ul><ul><ul><li>700 companies </li></ul></ul></ul><ul><ul><ul><li>20,000 professional </li></ul></ul></ul><ul><ul><ul><li>Functional Manager Training </li></ul></ul></ul><ul><ul><li>PennTAP CareerLink Training for PA DOL </li></ul></ul><ul><ul><li>COL Pennsylvania Plastics Industry </li></ul></ul><ul><ul><li>WIRED </li></ul></ul>Economic Impact Human Capital Development Research & Innovation Community Engagement
    15. 15. Hidden slide
    16. 16. Research & Innovation <ul><li>Inventions </li></ul><ul><ul><li>2000 Invention Disclosures Submitted by Faculty </li></ul></ul><ul><li>Licensed Technologies </li></ul><ul><ul><li>400 U.S. Patents Issued </li></ul></ul><ul><ul><li>200 License Agreements Executed </li></ul></ul><ul><ul><li>$54M of Licensed Product Sales </li></ul></ul><ul><li>Business Start-ups </li></ul><ul><li>Research Parks </li></ul><ul><ul><li>195 research parks in U.S. </li></ul></ul>National Economic Impact Human Capital Development Research & Innovation Community Engagement
    17. 17. Community Engagement <ul><li>Convener/Partner </li></ul><ul><ul><li>South-Central Food Consortium </li></ul></ul><ul><li>STEM </li></ul><ul><li>Applied Research </li></ul><ul><li>Faculty Consulting and Advocacy </li></ul>Economic Impact Human Capital Development Research & Innovation Community Engagement
    18. 18. Penn State <ul><li>University Economic Development Council </li></ul><ul><li>Regional Outreach Councils </li></ul><ul><li>Office of Economic & Workforce Development </li></ul><ul><li>Thematic Initiatives </li></ul>Internal Relationships Economic Impact Human Capital Development Research & Innovation Community Engagement
    19. 19. HIDDEN SLIDE
    20. 20. Penn State <ul><li>Local Workforce Investment Boards </li></ul><ul><li>Pennsylvania Department of Labor & Industry </li></ul><ul><li>Keystone Innovation Zone Program </li></ul><ul><li>U.S. Department of Labor </li></ul><ul><ul><li>WIRED Grants </li></ul></ul>External Relationships Economic Impact Human Capital Development Research & Innovation Community Engagement
    21. 21. <ul><li>How do we engage more faculty? </li></ul><ul><li>How can we create a community of scholars? </li></ul><ul><li>How do we elevate Penn State’s statewide role in economic and workforce development? </li></ul>My Conference Goals Economic Impact Human Capital Development Research & Innovation Community Engagement

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