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Spring 2012 Economic Development Institute - Alan Seadler
- 1. Leveraging Knowledge Assets for Wealth Crea6on Alan W. Seadler Ph.D. Associate Academic Vice President –Research Duquesne University
- 2. University roles in economic development • Employer • Purchaser • Real Estate Developer • Workforce Developer • Advisor and Network Builder • Technology Transformer and Incubator Porter, M. (2007) Forum Futures
- 3. “……PiVsburgh's eds and meds account for more than $11 billion in local salaries, 22 percent of the total salaries in the region.” University of PiVsburgh 2009
- 4. • They've also spun off hundreds of companies in the last 15 years, driving PiVsburgh's technology boom. Since 2000, PiV research alone has resulted in 373 new patents, 628 new license agreements, and 67 new companies. University of PiVsburgh 2009
- 5. Technology Transfer University of PiVsburgh, CMU, Duquesne 250 200 150 2007 2008 100 2009 2010 50 0 Licenses & Gross License Patents filed Patents issued Start-‐up Op6ons Income Companies Executed ($millions) PiVsburgh Technology Council "2011 State of the Industry Report"
- 6. Economic Development Ini6a6ves • Technology Based Economic Development • Ben Franklin – Innova6on Works – Seed Capital – Entrepreneurial Support • Greenhouse Ini6a6ve – Digital Greenhouse – Life Sciences Greenhouse
- 7. Leading Edge Technology People Space/Infrastructure Capital Industry University/Research Startup Company Existing Companies Opportunity Fund University Facili6es Entrepreneurial Training Recrui6ng Services Incubator/Accelerator Execu6ve Corps University Development Fund Pre-‐Seed/Seed Fund SBIR Services University/Industry Research Partnership Fund Expeditor Leasehold Improvements Fund Industry Par6cipa6on Image and Marke6ng Outreach Workforce Development
- 8. Keystone Innova6on Zone • Leverage university technology transfer • Leverage university intellectual power and assets • Anchor zones around research universi6es • Marketable tax credits • Business support • Innova6on funding • Internships • Facili6es
- 9. PCKIZ AGH CCAC Hill House Associa8on Point Park University Carlow UPMC University HealthPlan Duquesne University UPMC/Mercy Hospital
- 10. PCKIZ • 40 companies • Internships • Tax Credits – Second highest amount in the Commonwealth – Marketable • Business support – SBDC • Loca6on assistance – Uptown
- 11. The PiVsburgh region is as well-‐posi6oned compe66vely as we have been in a genera6on. Our economy is diverse, our workforce skilled, and our quality of life high. Dennis Yablonsky CEO Allegheny Conference
- 12. “According to the U.S. Census Bureau, the PiVsburgh Region has the highest rate of poverty among working-‐age African Americans of any of the 40 largest metropolitan regions in the country. More than 1/4 (28%) of the region’s African Americans aged 18-‐64 lived in poverty in 2008. That’s twice as high as in regions such as Bal6more and CharloVe” Harold Miller 2010
- 13. Median Income $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 All White African Am Asian La6no Am Indian Mul6 racial Other American Communi6es Study US Census Bureau 2010
- 14. City of PiVsburgh 2010
- 15. City of PiVsburgh 2010
- 16. Evergreen Coopera6ve Ini6a6ve • Catalyze crea6on of up to 10 for-‐profit coopera6ves – 500 jobs – $65,000 equity per employee in 8 years • Located in University Circle area of Cleveland • Crea6on of a $3 million Evergreen Coopera6ve Development Fund – Revolving loan fund
- 17. Evergreen Coopera6ve Ini6a6ve • Cleveland Clinic, Case Western Reserve University, University Hospitals, Cleveland Founda6on • Democracy Collabora6ve – Ted Howard
- 18. Evergreen Coopera6ve Laundry • Started 2009 • Green laundry • 10-‐12 million pounds of health care linen per year capacity • 50 employees • James Anderson CEO
- 19. Green City Growers • Will start Fall 2012 • Greenhouse with 3.25 acres underglass • Produce ~3 million heads of leVuce per year and several hundred pounds of herbs. • Will employ 35 people
- 20. Ohio Solar Coopera6ve • Started in 2009 • Ohio Coopera6ve Solar owns and/or installs PV solar panel arrays on ins6tu6onal, government, and commercial buildings. • Owns, Installs, and maintains large-‐scale solar panels and sells the electricity generated at a nego6ated rate over a 15 yr period. • Will employ 75 residents • Stephen Kiel, President
- 21. PiVsburgh Wealth Building Ini6a6ve • Duquesne University • Carlow University • Point Park University • Community College of Allegheny County • UPMC Mercy • UPMC HealthPlan • PNC Bank • PiVsburgh Penguins
- 22. PWBI objec6ves • Understand the purchasing of anchor ins6tu6ons • Develop a “PiVsburgh Coopera6ve Strategy” • Develop a list of candidate opportuni6es • Define start-‐up requirements and capital needs • Start Coopera6ves in neighborhoods.
- 23. PWBI 6meline • Kick-‐off April 2012 • Ini6al funding in place • Democracy Collabora6ve engaged • PWBI Project Manager hired • Survey to start May 2012 • Study complete, ini6al candidates December 2012