UEDA Annual Summit 2016: A Case Study; Community Collaboration

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Speakers
Vern Squier, CCE
• President/CEO
• Chamber of Business & Industry of Centre County
(CBICC)
Jeff Fortin, Ph. D.
• Associate Vice President for Research, Director of
the Office of Industrial Partnerships
• The Pennsylvania State University

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Multi-Year Effort

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Imbalanced Economy
1998 Employer Data 2012 Employer Data
Data from CDT “Business Matters” January 1999 & February 2013

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Recruitment
• Livable wage-paying jobs to
compliment the existing
economy
• Families and residents to the
area
• Companies, jobs, paychecks
Retention
• Existing institutions and
companies
• Young professional and
graduates of the university
• Talent, ideas and intellectual
property
Entrepreneurial
Development
• Capitalize research from
University
• Inspire business growth and
startups
• Enhance quality of life as a key
economic driver
Three Pillars of Economic
Development

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Change/Solidify Mindset

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Memorandum
of Agreement
Signed May 1, 2015

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Invent Penn State
“Penn State will be a driver for job
creation, economic development and
student career success.”
Eric Barron, President
Penn State University
Thematic Areas:
• Transforming our ability to promote
economic development
• Increasing external visibility of our
intellectual property
• Creating capacity and capability to
develop startups and to attract
companies
• Enhancing an already strong path to
student career success
Fulfilling our land-grant mission in the 21st century

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Community
Responsibility

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University
Perspective

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Communication

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Invent Penn Sate Team
Development and
Alumni Relations

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Get Focused
Recruitmen
t

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MOA
Implementatio
n and Impact

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Ready or not..
Multi-Element response
Fortune 100 Major Global Company
New business model: product ideas and
development through co-creation
Requirements
• Community of enthusiasts, experts, and
designers
• University partnership – students, talent,
ideas, support
• 25,000 ft2 of space for a makerspace
Opportunity

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Ready or not..
Strategic partnerships: Morgan Advanced Materials R&D
Center

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Examples:
• Medical Device Company
• Fortune 100 Companies

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Sheri Collins
Deputy Secretary for Technology & Innovation
PA Department of Community and Economic
Development
“…you never know what’s going to happen when a
university partners with an Economic Development
organization…this last year has been really exciting to
watch from Harrisburg area. A lot of times people will
talk about the power of partnership…It’s very easy to
talk about it, but the reality is that Penn State is
actually doing it.. and they’re doing it with
organizations like (CBICC/CCEDP).”

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Questions?
Vern Squier, CCE
President/CEO
Chamber of Business & Industry of Centre County (CBICC)
Jeff Fortin, Ph. D.
Associate Vice President for Research, Director of the Office of
Industrial Partnerships
The Pennsylvania State University

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