Presentation by Commissioner Sederburg to the Governor's Office of Economic Development

1. Economic Growth and State Colleges and Universities

2. Agenda for Today’s Discussion Two Parts: Role Higher Education Wm. Sederburg, USHE Economic Development Strategies Ann Millner, WSU

3. Educational Attainment and Income $50,000 1980 $43,000 $36,000 AK Personal Income Per Capita CT $29,000 CA NV NJ WY HI MD NY IL CO WA DE MA MN VA OR US PA MI OH WI KS FL NH RI TX IA AZ OK IN MO $22,000 NE MT LA VT UT ID GA ME NM NC TN WV KY SD ND Correlation = 0.64 SC AL AR MS $15,000 10 15 20 25 30 35 40 45 Percent of Adults Age 25-64 with Bachelor’s Degrees Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

4. Educational Attainment and Income $50,000 1990 $43,000 CT $36,000 NJ NY MA MD AK Personal Income Per Capita HI CA DE IL $29,000 NH VA NV MN RI WA CO PA FL US OH MI KS NE OR WI WY VT MO GA IN IA ME NC TX AZ TN OK SD $22,000 ND SC AL ID MT KY LA UT NM WV AR Correlation = 0.76 MS $15,000 10 15 20 25 30 35 40 45 Percent of Adults Age 25-64 with Bachelor’s Degrees Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

5. Educational Attainment and Income $50,000 2000 CT $43,000 NJ MA NY MD $36,000 CO NH CA MN IL WA VA DE NV Personal Income Per Capita AK US PA RI MI FL WI WY HI OH OR GA TX KS VT $29,000 NE MO IN NC IA ME TN SD AZ ND SC OK KY UT ID AL LA MT NM AR WV $22,000 MS Correlation = 0.80 $15,000 10 15 20 25 30 35 40 45 Percent of Adults Age 25-64 with Bachelor’s Degrees Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

6. Educational Attainment and Income $50,000 2005 CT $43,000 NJ MA MD NY $36,000 NH CO MN VA WY DE CA IL NV AK WA RI PA HI US Personal Income Per Capita FL WI NE KS VT SD OR MI TX OH $29,000 IA ND MO IN NC GA ME TN AZ OK AL MT SC ID KY NM UT AR WV $22,000 MS LA Correlation = 0.83 $15,000 10 15 20 25 30 35 40 45 Percent of Adults Age 25-64 with Bachelor’s Degrees 6 6 Source: U.S. Census Bureau, Decennial Census’ and American Community Survey

7. Role of Higher Education

8. Importance of Post-secondary Ed. Job Training Workforce Development Business Leadership Applied Research Basic Research

9. Roles Related to Institution Mission Job Training – Specific education for industry needs and for individual “job ” Community Colleges & UCAT Career & Technical Education

10. Five Roles Related to Institution Workforce Development Educate workers of the future for “careers” Liberal arts education + career pathways All USHE institutions

11. Roles Related to Institution Mission Business Leadership & Entrepreneurial Education Provide business leaders for tomorrow’s industry Small business development Business Degrees, MBAs,& industry management

12. Roles Related to Institution Mission Applied Research Investigate market needs and relate need to existing technology Use of existing patents & international resources Graduate institutions Land Grant University Tradition (USU) 2007 Patent Report: 901 Utah Patents

13. Roles Related to Institution Mission Basic research (USTAR) Discover new processes , technology and relationships High-risk/high payoff costs Technology transfer systems University of Utah is one of the top in the country with start up firms

14. Institutional Development Summary Community Colleges – Job training & workforce development Four year institutions – regional stewards, entrepreneurial ed. Research – basic andapplied research – technology Everyone – workforce development

15. Quick Observations Diverse Portfolio & Strategy Environment for Success

16. Ob. 1: Diverse Portfolio & Strategy Need for a “diverse program portfolio” and strategy Research – high yield, high risk Regional service entities -to grow new businesses based on markets Coordinated Plan – GOED, DWS, USOE, UCAT & USHE

17. Ob. 2: Environment for Success World Class Research and development (UU & USU) Educated workforce at all levels Entrepreneurial education on campus Resources to assist entrepreneurs Small business centers on campus Strategies to retain & grow business Small Business Development Centers & MEP Business climate (taxes & services)

18. Fundamental Truth The path to personal economic growth is through higher education The path to economic growth for the state is through higher education

19. Questions Economic Growth and State Colleges and Universities