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UMass: A Strategic InvestmentA CRITICAL ASSET FOR THE COMMWEALTH’S ECONOMIC FUTURE : 

UMass: A Strategic Investment A CRITICAL ASSET FOR THE COMMWEALTH’S ECONOMIC FUTURE Jack M. Wilson, President Greater Boston Chamber of Commerce Leading Industries Executive Forum December 5, 2006

State-wide Public Research University: 

State-wide Public Research University John V. Lombardi Chancellor David Mackenzie Interim Chancellor Michael F. Collins Chancellor Jean F. MacCormack Chancellor Aaron Lazare Chancellor Path to Social & Economic Development goes through the University of Massachusetts

The UMass Return on Investment : 

The UMass Return on Investment $524 million core state support (26% of budget) State investment supports: $2.2 billion education and innovation enterprise 15,000 employees 57,000+ students State investment seeds an additional $2.3 billion in economic activity and an additional 14,000 jobs in the state UMass is responsible for a total of $4.3 billion of economic activity and 29,000 jobs

An Outstanding Return on Investment: 

An Outstanding Return on Investment

Developing our #1 Resource: Talent: 

Developing our #1 Resource: Talent 57,000+ students enrolled annually 11,000 annual graduates from the 5 campuses 9 out of 10 undergrads are Massachusetts residents 70% – 80% stay in Massachusetts after graduation More than 60% stay in the state long-term (almost twice that of private universities) 215,000 alumni, work and live in Massachusetts Source: Boston.com

A Nobel Prize Winning University: 

A Nobel Prize Winning University Craig Mellow wins the 2006 Nobel Prize in Physiology or Medicine along with colleague Andrew Fire of Stanford. Craig Mellow to speak at the Boston Chamber on February 13, 2007. A Nobel Prize Winning University

Strengthening our Workforce: 

Strengthening our Workforce

State-wide Source of Innovation: 

State-wide Source of Innovation $377 million in annual R&D expenditures (3rd largest in the state, 4th in New England, 35th in the U.S.) Outside of Route 128, 90% of state’s R&D is performed by UMass Almost $30 million generated in royalties and licensing fees Currently #1 in Massachusetts and among top 15 U.S. universities in technology licensing revenue Manage 3 high tech incubators – Lowell, Fall River and New Bedford, with a venture development center planned at Boston Anchor for biotech research park in Worcester

An Outstanding Record of Innovation: 

An Outstanding Record of Innovation

The Impact Beyond the Classroom: 

The Impact Beyond the Classroom K-12 initiatives:  particularly in science, technology, engineering and mathematics (e.g., Boston Science Partnership) International education: China, South Africa, Germany, and the Confucius Institute located at UMass Boston Public venues for musical and theatrical performances, athletic events, art shows and lectures: Boston Campus Center College of Visual and Performing Arts in New Bedford Mullins Center and Fine Arts Center in Amherst Tsongas Arena and LaLacheur Park in Lowell

Imagining the Future Economy: 

Imagining the Future Economy

Collaboration Creates Synergy: 

Collaboration Creates Synergy Statewide Life Sciences Network: a discovery-to-product pipeline for medical devices, pharmaceuticals and biologics through a state-wide network anchored by the 5 UMass campuses, from Boston out through Central and Western Massachusetts Marine Science & Technology Corridor: fueling discovery and innovation in ocean observation, coastal homeland security and fisheries management, leading to economic growth from the South Coast to the North Shore Nanotechnology Cluster: a network of partnerships to position the state as a world leader in nanotech manufacturing, especially in the Merrimack Valley and Western Massachusetts building around our 2 NSF Engineering Research Centers in nanotechnology at Lowell ($12 million) and Amherst ($16 million).

Keys to Success: 

Keys to Success ROI:  UMass has a huge economic impact on the Commonwealth Entrepreneurship and strong state and private support will fuel an even greater impact in the future Keys to success: Continued collaboration with industry, public and private colleges and universities Expanding partnerships with the Commonwealth, state and federal agencies State S&T-based economic development strategy and strategic S&T investments (e.g., stem cell R&D, renewable energy, marine science, nanotechnology) Stable state core support, expanded capital investments and increased fiscal autonomy

Thank You: 

Thank You