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

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Presentation by Rose Baker and David L. Passmore to the Naval Surface Warfare Center/Crane in University Park, PA.

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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 Rose M. Baker David L. Passmore
    2. 2. More than 200 Doors to Penn State
    3. 3. Four Pillars of Economic & Workforce Development Economic Impact Human Capital Development Research & Innovation Community Engagement
    4. 4. 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
    5. 5. Economic Impact <ul><li>Single largest generator of economic impact and job creation in the Commonwealth </li></ul><ul><ul><li>200,000 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
    6. 6. Human Capital Development <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>Economic Impact Human Capital Development Research & Innovation Community Engagement
    7. 7. Human Capital Development <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
    8. 8. Human Capital Development <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 </li></ul></ul><ul><ul><li>CareerLink Training for PA DOL </li></ul></ul><ul><ul><li>DOL Pennsylvania Plastics Industry </li></ul></ul><ul><ul><li>WIRED </li></ul></ul>Economic Impact Human Capital Development Research & Innovation Community Engagement
    9. 9. Research & Innovation <ul><li>Inventions </li></ul><ul><ul><li>2,000 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
    10. 10. 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
    11. 11. 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
    12. 12. 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
    13. 13. Rose Baker David Passmore Program Manager Workforce Assessment Center & Assistant Professor of Education Professor & Director Penn State Institute for Research in Training & Development Economic Impact Human Capital Development Research & Innovation Community Engagement http://WDICapabilities.notlong.com
    14. 14. Economic & Workforce Brief Economic Impact Human Capital Development Research & Innovation Community Engagement Total job, compensation & property tax impact of local job change… … all on one page http://OEWDBrief.notlong.com
    15. 15. Penn State’s Role in Economic, Workforce, & Community Development Rose M. Baker David L. Passmore

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