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The University System of Georgia & Economic Development.

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Presentation on theme: "The University System of Georgia & Economic Development."— Presentation transcript:

1 The University System of Georgia & Economic Development

2 THE USG AT A GLANCE: FY02 217,000 Students 36,000 Graduates 34 Institutions 9,000 Faculty 26,000 Other Employees $4.5 Billion Budget $9+ Billion Economic Impact

3 2002-2007 STRATEGIC PLAN Goal 6: The USG will ensure access to academic excellence and educational opportunities... by accelerating economic development by providing... needed graduates, appropriate academic programs, and expanding marketing of the System and its institutions as an economic asset of the state.

4 KEY USG ECONOMIC DEVELOPMENT ELEMENTS ICAPP Yamacraw GTREP Continuing Education Cooperative Extension Service Economic Development Institute Georgia Research Alliance *

5 ICAPP: INTELLECTUAL CAPITAL PARTNERSHIP PROGRAM Leverage USG intellectual resources Leverage USG intellectual resources $4-7 Million Budget since FY97 $4-7 Million Budget since FY97 Develop market-driven public-private partnerships Develop market-driven public-private partnerships è High Demand High Tech ($3 million) è Nursing/Allied Health ($1.5+ million) è Education (TBD) Bring employers and graduates together via GeorgiaHire.com Bring employers and graduates together via GeorgiaHire.com

6 ICAPP (cont.) Campus Liaisons Campus Liaisons Economic Studies Economic Studies è IT and Biotech Gaps è Economic Impact èCommercialization Knowledge is Power Tour Knowledge is Power Tour Estimated Impact (as of 2001) Estimated Impact (as of 2001) è 15 to 1 return è 2,400 educated; 6,600 jobs

7 YAMACRAW Broadband IT: DSP, High-Speed Access, Optical Systems, Wireless Broadband IT: DSP, High-Speed Access, Optical Systems, Wireless $100 million over 5-7 years $100 million over 5-7 years Universities: 9 Universities: 9 Faculty: 66 hired, target 85 Faculty: 66 hired, target 85 Students: over 2,200 with degrees Students: over 2,200 with degrees Research: $5 million annually Research: $5 million annually Seed Fund: $5 million state Seed Fund: $5 million state Companies: 15 major, 11 start-up Companies: 15 major, 11 start-up

8 GTREP: GEORGIA TECH REGIONAL ENGINEERING PROGRAM 4 University Program to Bring Engineering to South Georgia 4 University Program to Bring Engineering to South Georgia Civil & Computer Engineering; ME, EE, & AE to come Civil & Computer Engineering; ME, EE, & AE to come Faculty: 16 hired Faculty: 16 hired Students: 400 Gen Ed, 67 GT, 19 Grad Students: 400 Gen Ed, 67 GT, 19 Grad Gulfstream and HO Systems Gulfstream and HO Systems

9 CONTINUING EDUCATION 417 thousand registrants (FY02) 417 thousand registrants (FY02) 23 thousand courses 23 thousand courses 75 % professional development or work skills development 75 % professional development or work skills development Possible New Directions Possible New Directions è Added State-wide Coordination è Income Roll Over è Incentive Funding

10 COOPERATIVE EXTENSION SERVICE 373 agents in all 159 GA counties 373 agents in all 159 GA counties Agricultural, Family, & Consumer Info and Expertise Agricultural, Family, & Consumer Info and Expertise Facilities and Sites Facilities and Sites è 2 Campuses outside Athens è 3 Research Farms è 8 Research and Extension Centers è 5 4-H Centers

11 ECONOMIC DEVELOPMENT INSTITUTE 17 Field Offices, 125 staffers 17 Field Offices, 125 staffers Engineering and Liaison Staff Engineering and Liaison Staff Small & Medium Business Info and Expertise Small & Medium Business Info and Expertise Quality Control, Cost Reduction, Product Enhancement, & New Technology Quality Control, Cost Reduction, Product Enhancement, & New Technology

12 GEORGIA RESEARCH ALLIANCE * 6 Public & Private Research Universities 6 Public & Private Research Universities $20-30 million annually since 1990 $20-30 million annually since 1990 Biotech, Telecom, & Environmental Biotech, Telecom, & Environmental Equipment and Infrastructure Equipment and Infrastructure 26 Eminent Scholars 26 Eminent Scholars Technology Development Centers Technology Development Centers Technology Development Partnerships Technology Development Partnerships

13 KEY USG ECONOMIC DEVELOPMENT ELEMENTS ICAPP Yamacraw GTREP Continuing Education Cooperative Extension Service Economic Development Institute Georgia Research Alliance *

14 QUESTIONS ??????


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