1. COVER

2. Economic Development & Purdue University Defining the Role of the 21 st Century Land Grant University Economic Development Strategic Planning Working Group

3. Economic Development Working Group Joe Pekny (Chemical Engineering) Charlene Sullivan (Management) Sam Cordes (Agricultural Economics) Greg Deason (Purdue Research Foundation) Jesse Moore (EVPT/Supplier Diversity) Maureen Huffer - (Management - APSAC member) Joe Seaman (President/CEO L-WL Development Corp.) Melissa Markofski (Health & Kinesiology - Graduate Student)

4. Proud Indiana History of Economic Leadership & Entrepreneurship When Historic Opportunities Arise Hoosiers Have a Knack for Developing Them Cruise IN: A guide to Indiana's automotive past and present, and Indiana Cars: A History of the Automobile in Indiana Huge Indiana Role in Developing Automobile Industry Indiana Helped Found the Pharmaceutical Industry http://www.indianahistory.org/pop_hist/people/lilly.html Indiana Role in… Medical Devices Logistics Energy Steel Chemicals … Indiana Leads Many Agricultural Innovations http://www.agriculture.purdue.edu/ Phil Nelson: Aseptic Packaging Indiana Played a Large Role in the Space Program

5. Strong Economic Development Foundation: The Purdue Research Park A Research Park job generates 2.57 community jobs 2,800 employees, 146 companies $121 million venture capital 2004, 2005 national awards $58,406 average wage @ Purdue Technology Center West Lafayette, Indianapolis, Merrillville, New Albany (helping with other efforts) Purdue Research Park integrates many business development activities: The Power of a Holistic Approach Feedback Loop Purdue Research Park Cooperative Education Campus Wide Startup Companies Licensing Joint Ventures (recruit companies to Indiana) An Engine for Large Scale Research & Economic Development Industry Partnerships Purdue Activities Graduating Students Incoming Students SeedingNurturingExecuting Project Ideas To Practice or Commercialization Educational or Training Concepts Purdue University Infrastructure Discovery Park Academic Units Technical Assistance Program Center for Regional Development Cooperative Extension Service Office of Technology Commercialization,… Education increases lifetime earnings, benefits subsequent generations, etc. Improved education is increased economic development

6. Economic Development Listening Sessions Merrillville/PTC NW February 11 Lafayette Area/PTC January 30 Indianapolis/Intech Park January 31 Evansville March 3 Indianapolis/B&T February 8 Fort Wayne/IPFW January 28 New Albany February 13 Main Campus (Jan. 15) Prof. Jay Akridge Interim Vice Provost for Engagement And the Entire Engagement Organization Many Thanks to Columbus February 15

7. Key Observations Purdue Has a Great Reputation –Viewed as Action Oriented –“Honest Broker” –People Want Purdue Leadership Work Force Development Regional Assets/Regional Strategy Tremendous Potential for Partnerships –Indiana University, Notre Dame, Ivy Tech, IEDC,… Many Purdue Activities (Synergy!)

8. Economic Development: Powering a Virtuous Cycle Link Purdue Research to Market Needs/Trends –Increased Industrial Partnership –Public Policy Institute –Globalization Strategic Fund Raising to Tie Discovery, Learning, & Economic Development –Seed Grant Program –Discovery Park Activity Indiana-Wide Partnerships (Notre Dame, IU, Ivy Tech,…) Grow “Bell Labs” of 21 st Century

9. Metropolitan-Rural Strategy Evansville (pop: 0.35 million) Fort Wayne (pop: 0.40 million) Chicago (pop: 9.2 million) Indianapolis (pop: 1.17 million) Louisville (pop: 1.0 million) Cincinnati (pop: 1.6 million) State of Indiana (pop: 6.3 million) Metropolitan-Rural Strategy “Rural Culture”

10. Areas of Opportunity Life Sciences Advanced Manufacturing Defense/Homelan d Security Energy & Holistic Analysis Healthcare Delivery & Translation Aviation, Space Entrepreneurship, & Aerospace

11. The Talent Supply Chain Traditional Students P12 & STEM Work Force Development

12. Many Faculty, Staff, & Student Opportunities Recruit, Grow & Promote Entrepreneurs “Purdue in Government” Program “Faculty, Staff & Graduate Students in Industry” Liberal Arts/Social Sciences Anchored Teams

13. Purdue University Strategic Entrepreneurship & Economic Development (PU-SEED) Super Project Purdue Activities Incoming Students SeedingNurturingExecuting Project Ideas To Practice or Commercialization Educational or Training Concepts Purdue University Infrastructure Brand Efforts to Maximize Leadership University Wide Organization Project Oriented/Portfolio Management Methods Link Purdue to Practical Solution of Societal Grand Challenges Inventory & Rank Opportunities to Manage Resources Develop Regional & Sector Action Trajectories Expand Partnerships for Economic Development Seed Funding Program to Link Discovery, Learning, & Engagement

14. Economic Development Action Group Strategic & Tactical Execution Vice President for Research Office Discovery Park Vice Provost for Engagement Office Purdue Research Foundation International Programs Advancement Regional Campuses University Development Economic Development Strategy Group (Key Leaders, Deans,…)