Text of 1 INVESTING IN ARIZONA’S UNIVERSITIES INVESTING IN ARIZONA’S UNIVERSITIES Presentation by The...
1 INVESTING IN ARIZONAS UNIVERSITIES INVESTING IN ARIZONAS UNIVERSITIES Presentation by The University of Arizona, May 5, 2008
2 Investments by other States: Missouri: Life Science Missions Enhancement 15M new, recurring dollars from state legislature 100 new faculty were added in selected disciplines MUs new federal research awards increased by 132% Royalties and patent applications doubled Iowa: Grow Iowa Values Fund: 50M Battelle Platform Investment - Private-University-Government partnerships
3 Iowa Institute for Biomedical Discovery 70 New Scientists and Clinicians Each employing average of 6 people @ approx $52,000/year Assuming a State income tax rate of 5%, in 10 years, employees of the Iowa Life Sciences Center would contribute a return of approximately $211 million in State income taxes. $30 M State Appropriations for Iowa Life Sciences Center $210 M State income tax generated from Iowa Life Sciences Center employees in 10 years One of the states best investments
4 Competing State investments in biomedical research infrastructure: Arizona has fallen behind Other State Investments Totaling Several Billion: Illinois, Michigan, Virginia, North Carolina, Texas, California, New York, Pennsylvania-Georgia Wisconsin--$1 Billion Infrastructure/$750 Million for Research Program Indiana $500 Million Arizona Must Compete
5 Increase access to specialized facilities and labs at U of A Address space needs of firms Insure supportive tax and regulatory policy Selective recruitment of bioscience firms Address shortage of risk capital Form executive in residence program Increase industry partnerships with U of A, C-Path and others Build and invest in C-Path Amend state constitution to allow universities to take equity positions in companies Expand technology commercialization at U of A Build and invest in C- Path Secure resources to retain faculty and build U of As research excellence Build stronger clinical research base Key Actions 10 Year Vision: Southern Arizona is one of the nations recognized bioscience centers, driven by its strengths of a talented workforce, a cutting edge research university, and a global center for bioscience innovation. Its civic leaders help drive the bioscience economy, mobilizing leadership committed to collaboration, results and economic growth. Southern Arizona Bioscience Roadmap BioFirm Formation Firm Expansion/ Attraction Technology Development Research
6 INVESTING IN ARIZONAS UNIVERSITIES FRAMING THE ISSUE How the State allocates its investment in Arizonas Universities reflects Arizonas values
7 FOUR CORE COMPONENTS OF THE STATES INVESTMENT ENROLLMENT INVESTMENT DEGREE INVESTMENT RESEARCH INVESTMENT SERVICE INVESTMENT INVESTING IN ARIZONAS UNIVERSITIES
8 HOW COULD STATE INVESTMENT BE ALLOCATED ACROSS THE FOUR CORE COMPONENTS? ENROLLMENT INVESTMENT: Target range 35-40% DEGREE INVESTMENT: Target range 35-40% RESEARCH INVESTMENT: Target range 21-26% SERVICE INVESTMENT: Target range 2-5% INVESTING IN ARIZONAS UNIVERSITIES
9 HOW COULD STATE INVESTMENT BE ALLOCATED ACROSS THE FOUR CORE COMPONENTS?
10 WHAT VALUES ARE EXPRESSED IN THIS ALLOCATION MIX? 1. CREATE ACCESS TO DEGREES: ENROLLMENT INVESTMENT VALUES ACCESS TO HIGHER EDUCATION Target range 35-40% 2. ASSURE A PATHWAY TO DEGREE SUCCESS: DEGREE INVESTMENT VALUES DEGREE COMPLETION Target range 35-40% INVESTING IN ARIZONAS UNIVERSITIES
11 WHAT VALUES ARE EXPRESSED IN THIS ALLOCATION MIX? 3. EXPAND THE IMPACT OF INNOVATION: RESEARCH INVESTMENT VALUES HOW UNIVERSITIES STIMULATE THE STATES ECONOMY WHETHER BY INDUSTRY (New companies created, attracted or advanced by University graduates) OR BY AN INDIVIDUAL (University-educated workforce) Target range 21-26% 4. DISSEMINATE KNOWLEDGE TO ADVANCE ARIZONAS COMMUNITIES: SERVICE INVESTMENT VALUES HOW UNIVERSITIES CONTRIBUTE INTELLECTUAL CAPACITY TO THE COMMUNITY Target range 2-5% INVESTING IN ARIZONAS UNIVERSITIES