1. Building Stronger Connections Between Higher Education and the Economy Aligning State, Regional, and Institutional Agendas Presentation at the 2008 SHEEO annual meeting by: Sue Hodges Moore Vice President for Planning, Policy, and Budget

2. Aligning State, Regional, and Institutional Agendas Goals Resources Organization Policy Leadership Accountability

3. Statewide Public Agenda for Postsecondary and Adult Education Increase the standard of living and quality of life in Kentucky to the level of the national average by 2020. The Five Questions: 1. Are more Kentuckians ready for postsecondary education? 2. Is Kentucky postsecondary education affordable to its citizens? 3. Do more Kentuckians have certificates and degrees? 4. Are college graduates prepared for life and work in Kentucky? 5. Are Kentucky’s people, communities and economy benefiting? NKU Business Plan: Statewide Context

4. Primary Goals Competitive Economy –50,000 new high paying jobs Educational Excellence –Meet or exceed national standards at all levels Vision 2015 Regional Plan for NKY

5. The Talent Continuum

6. NKU Business Plan Goals 1.Talent Development 2.Regional Stewardship 3.Institutional Effectiveness

7. Goal 1: Talent Development Degree production levels that meet the region’s workforce needs Focus on high demand fields Programs and curricula to meet needs of global economy

8. NKU Business Plan Development: Talent Force Analysis Assess regional talent force needs for bachelor’s degrees and higher Calculate return on investment of the benefits of future growth and economic development for the region and the state

9. Bachelor’s Degree Production to Sustain 50,000 New Jobs In 2015: 20,278 new jobs preferring bachelor’s degrees or higher 1,796 degree-holders currently produced in NKY annually 2,209 estimated additional bachelor’s degrees preferred annually 4,005 estimated degree-holders to annually sustain jobs Talent Force Analysis Demand for Degrees

10. Talent Force Analysis Reconciling the Numbers Bachelor’s Degree Demand

12. With the development of talent and the creation of 50,000 new jobs, the economic increase is significant. In 2015 the annual increase will be: $2.8 billion in incremental wages $1.6 billion in local (NKY) spending $270 million in new Kentucky tax revenue The Return on Investment

13. Goal 2: Regional Stewardship Outreach and public engagement activities that address regional needs –Planning/needs assessment –Applied research –Consulting and technical assistance –Identification of best practices –Demonstration projects –Outcomes assessment –Public policy analysis –Community programs –Service learning –Non-credit classes –On-campus resources

14. Goal 3: Institutional Effectiveness 1.ad Cost Containment and Efficiencies Integrated Planning, Budgeting and Performance System Institutional Performance and Regional Tracking Indicators

15. Phase II Institutional Effectiveness

16. State Policy Levers Embedding regional stewardship into state funding policies and accountability systems –Infrastructure and incentive funds that support and encourage regional engagement –Funding models that recognize regional differences and returns on investment –Policy leadership that encourages regions to develop plans and monitor progress –Performance indicators and reports that address regional stewardship activities –Regional metrics (e.g., county data) that monitor progress

17. Five Questions One Mission Better Lives for Kentucky’s People: A Public Agenda for Postsecondary and Adult Education, 2005-2010 http://www.cpe.ky.gov/NR/rdonlyres/BEC64FFE-7730-4CC9-90B5- 17B58EAD7FD3/0/FINAL_Public_Agenda_20051004.pdf http://www.cpe.ky.gov/NR/rdonlyres/BEC64FFE-7730-4CC9-90B5- 17B58EAD7FD3/0/FINAL_Public_Agenda_20051004.pdf Double the Numbers: Kentucky’s Plan to Increase College Graduates http://www.cpe.ky.gov/NR/rdonlyres/76889317-86C5-4AFF-9046- AD95E4137602/0/DoubletheNumbersPlanFINALNov15.pdf http://www.cpe.ky.gov/NR/rdonlyres/76889317-86C5-4AFF-9046- AD95E4137602/0/DoubletheNumbersPlanFINALNov15.pdf Council on Postsecondary Education 2006-2008 Regional Stewardship Program Guidelines http://www.cpe.ky.gov/NR/rdonlyres/655963C8-94D7-4F80-BEFF- 30E60BD939AA/0/10_TFGuidelines_RegionalStewardshipProgram_Attachment_AS_ADOPT ED_7_10_06.pdfhttp://www.cpe.ky.gov/NR/rdonlyres/655963C8-94D7-4F80-BEFF- 30E60BD939AA/0/10_TFGuidelines_RegionalStewardshipProgram_Attachment_AS_ADOPT ED_7_10_06.pdf Vision 2015 - A 10-Year Strategic Plan for Northern Kentucky http://www.vision2015.org/http://www.vision2015.org/ NKU Strategic Agenda (The Talent Imperative!) http://president.nku.edu/resources/THE%20TALENT%20IMPERATIVE1.pdf http://president.nku.edu/resources/THE%20TALENT%20IMPERATIVE1.pdf NKU Business Plan (It’s All About Talent!) http://president.nku.edu/resources/NKU_BusinessPlan_121107.pdf http://president.nku.edu/resources/NKU_BusinessPlan_121107.pdf Resources

18. 50,000 new jobs $2.8 billion annually in incremental wages $270 million annually in new Kentucky tax revenue Life-enhancing value Our joint commitment will contribute to… The Return on Investment

19. What does it mean to be a regionally engaged institution? Regional stewardship domains –P-12 education –Economic development –Local government planning –Nonprofit capacity building –Environmental preservation and enhancement –Healthcare

20. State Challenges and Pressure Points Acknowledging regional differences in funding models (e.g., return on investment from economically thriving regions) Funding capacity-building and capacity utilization (e.g., inflationary increases, performance funding and strategic investments) Avoiding a singular focus on degree production during tough budget times