1. Indiana Life Sciences Talent and Workforce: Developing Strategies To Compete In A Global Economy April 28, 2016

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3. David Johnson President & CEO Central Indiana Corporate Partnership and BioCrossroads

4. Mitch Horowitz Principal Managing Director TEConomy Partners, LLC

5. Innovating Tomorrow’s Economic Landscape Results from Indiana Health and Life Sciences Workforce Study April 2016

6. Innovating Tomorrow’s Economic Landscape The Ultimate Competition is for “Talent” The availability and quality of talent is a critical competitive factor in today’s innovation-driven economy. For the health and life sciences industry – the most R&D intensive in the U.S. – need to recognize:  Specialized knowledge needed  Diversity of skills  Diversity of industry sub-sectors For Indiana, past talent studies suggest that the health and life sciences industry stands out in having higher skill demands than found nationally – unlike most industry sections -- led by the biopharmaceutical industry. But serious concerns about meeting a “rising skill level” as technology advances PWC reported that 51 percent of life science executives – the largest share among 19 industries interviewed – reported hiring to be more difficult than before, with just 28 percent expressing confidence they would have access to needed talent. PwC 15 th Annual Global CEO Survey, 2012

7. Innovating Tomorrow’s Economic Landscape Project Objective Develop a fact-based understanding of the demand and supply of life sciences workers in Indiana, and the factors shaping how demand and supply can be more closely linked. Address key questions: What workers with what skills will be needed? What is the supply and capacity to generate talent in Indiana today? Where are the major gaps relative to demand and supply for today and looking forward? What should we do? Business Sensitive The Health & Life Science Industry Defined In this study the industry includes: The Industrial Life Sciences spanning: Biopharmaceuticals Medical Devices Agbiosciences And Health Services which includes hospitals, outpatient centers, medical and diagnostic labs, home healthcare services, and nursing and residential care facilities.

8. Innovating Tomorrow’s Economic Landscape Health and Life Sciences Stands Out as a Major Economic Driver for Indiana

9. Innovating Tomorrow’s Economic Landscape And an Economic Driver, with a Broad Mix of Skill Needs

10. Innovating Tomorrow’s Economic Landscape Higher average wages even for much of the lower and middle skill health and life sciences occupations.

11. Innovating Tomorrow’s Economic Landscape Reflecting the Health and Life Sciences Robust Growth, Nearly all Indiana Life Sciences Occupations are Growing and Many Outpacing National Job Growth Business Sensitive Employme nt Trends in Major Life Sciences Occupatio nal Groups, 2010-14 Source: Battelle analysis of Bureau of Labor Statistics, Occupational Employment Statistics.

12. Innovating Tomorrow’s Economic Landscape Future Looks Bright … Survey of Health and Life Science Employers 15% increase in overall health and life science jobs expected over next two years, based on survey results covering seven large industrial life science firms, representing 41% of the industry, and two large hospital systems. Strong growth expected in a broad range of occupations:

13. Innovating Tomorrow’s Economic Landscape Projected Demand Also Strong Led by Requirement for More “Replacements” due to Aging Workforce Business Sensitive IN Life Science Occupations: Projected Annual Employment Needs, 2012-22 Overall Economy Expected to See: 66% Replacement vs. 34% New Source: Battelle analysis of Occupational Employment Projections, Indiana Dept. of Workforce Development. Data not shown for Skilled Production & Support as employment levels are much higher and distort analysis of other life sciences occupational groups.

14. Innovating Tomorrow’s Economic Landscape Robust generation of talent across IN colleges and universities Indiana Postsecondary Degree Graduates in Fields Most Aligned with Health & Life Sciences-related Occupations, 2014 Change in Indiana Graduates in Fields Most Aligned with Health & Life Sciences-related Occupations, 2010-14

15. Innovating Tomorrow’s Economic Landscape But Concerns about “Supply” of Talent After Adjusting for Outmigration of Graduates Data from Indiana Network of Knowledge tracking college graduate employment suggests “lack of stickiness” though other comparative state data not available Result is that there are substantial skill shortages expected in nearly all life science fields

16. Innovating Tomorrow’s Economic Landscape Broad Concerns Raised by Health and Life Science Employers on Challenges Ahead Suggests the Need for a Comprehensive Approach Broad Concerns Comprehensive Approach

17. Innovating Tomorrow’s Economic Landscape Strategic Priority Area: Ensuring a Strong Foundation of K-12 STEM Skills The Building Blocks for Future Actions: Indiana’s Ongoing Efforts Student & Professional In-School STEM Development STEM-related Out-of-School Development STEM Teacher Recruitment STEM Mentoring Program Addressing Indiana’s Unmet Strategic Needs: Drawing on National Best Practices and Industry Insights A renewed and comprehensive call to action and dedication of resources for STEM education by the State of Indiana Increasing the outreach to diverse student populations to engage them more fully in STEM education Better link STEM education to awareness of health and life science careers Place-based customized training

18. Innovating Tomorrow’s Economic Landscape 18 Strategic Priority Area: Fostering Post-Secondary Health and Life Science Talent Generation The Building Blocks for Future Actions: Indiana’s Ongoing Efforts Life Science Career Awareness Specialized, Applied Life Science Degree Programs Nursing Education & Training Partnerships Addressing Indiana’s Unmet Strategic Needs: Drawing on National Best Practices and Industry Insights Scaling up school-to-career transitions Advancing opportunities for targeted courses, certificates and career-focused degrees for life sciences For healthcare professionals, beyond new educational program activities at the post-secondary level, there is a need for public policies to make sure nursing specialists and physician assistants are working at the “top of their license” Improving alignment of engineering student design projects, cooperative, internship, and other experiential learning and professional opportunities with the life sciences.

19. Innovating Tomorrow’s Economic Landscape 19 Strategic Priority Area: Upgrading the Skills of Indiana’s Incumbent Health and Life Sciences Workforce The Building Blocks for Future Actions: Indiana’s Ongoing Efforts Continuing Education Programs with Industry Partners Addressing Indiana’s Unmet Strategic Needs: Drawing on National Best Practices and Industry Insights Establishing a statewide initiative that connects colleges and universities to address the technical and soft skill requirements of advancing technologies and changing workplaces Create incentives and funding mechanisms for industry to place a priority on existing workforce skill upgrading

20. Innovating Tomorrow’s Economic Landscape 20 Strategic Priority Area: Raising Indiana’s Ability to Attract and Retain Top health and Life Science Talent The Building Blocks for Future Actions: Indiana’s Ongoing Efforts Connecting Students to Careers Expanding Research, Education & Career Opportunities for Top Talent Addressing Indiana’s Unmet Strategic Needs: Drawing on National Best Practices and Industry Insights Establish incentives for attracting high-skilled life science innovation talent to Indiana to raise the state’s visibility Creating translational life science research connections for Indiana graduate student scientists and engineers with Indiana clinicians Focus on place-making activities to attract and retain talent

21. Innovating Tomorrow’s Economic Landscape Thank you … Now for the Panel Discussion 21 Mitch Horowitz Principal & Managing Director TEConomy Partners, LLC. 240.462.5456 horowitzm@teconomypartners.com

22. Innovating Tomorrow’s Economic Landscape TEConomy Partners is a global leader in research, analysis and strategy for innovation-based economic development. Today we’re helping nations, states, regions, universities, and industries blueprint their future and translate knowledge into prosperity.

23. Bill Stephan Vice President for Engagement, Indiana University Dan Peterson Vice President of Industry and Government Affairs, Cook Group Incorporated David Johnson President & CEO, Central Indiana Corporate Partnership and BioCrossroads Panel Moderator Douglas J. Leonard President, Indiana Hospital Association Bridget Boyle Vice President and Site Head Human Resources, Roche Diagnostics

24. @CookMedical @IHAConnect @IndianaUniv @BioCrossroads @RocheDiaUSA #talentattraction #workforcedevelopment

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