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February 17, 2010

Kentucky CCIM Luncheon. Dr. James R. Ramsey President University of Louisville. February 17, 2010. Thank you for inviting me! It is an honor to be here with you today. 2. Our Goals Next Few Minutes. Quick look at the environment Our responsibility at UofL Progress on five fronts

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February 17, 2010

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  1. Kentucky CCIM Luncheon Dr. James R. Ramsey President University of Louisville February 17, 2010

  2. Thank you for inviting me! It is an honor to be here with you today. 2

  3. Our Goals Next Few Minutes • Quick look at the environment • Our responsibility at UofL • Progress on five fronts • All tied to economy/quality of life • Results of recent independent analysis of UofL’s impact • The “Pitch” • Questions

  4. Let’s take a quick look at the environment 4

  5. We know that nationally times have been unprecedented… * Lowest level during the current recession. The next two quarters (2009:III and IV) have been positive. 5 Sources: NBER, BEA, and BLS.

  6. U. S. Job LossAre we out of the woods yet? 6

  7. And Kentucky has not been immune to the downturn

  8. Kentucky Economy: Manufacturing – Our Bread and Butter Manufacturing employment (in thousands) p: preliminary

  9. So?? Kentucky Employment Losses State Individual Income Tax/Sales Tax Cuts/Cuts/Cuts 9 for 9 With two more on the way…

  10. ButWe cannot forget…We have a public mission We are expected to help improve economic opportunity and quality of life for Kentuckians (HB1 – 1997) Pikeville Dental Clinic - June 2009

  11. Despite cuts and challenges… We are more intensely focused than ever! We continue to make progress

  12. Our progress since reform… • 1 – Better students – policy importance • Freshman class average ACT • 1998 – 21.4 • 2009 – 24.5 • State avg. – 20.8 (19.4) • National avg. – 21.1 • 24 National Merit Scholars • More students from outside Jefferson County than inside 12

  13. Our progress since reform… Our Commitment going forward 2 - Our Graduates – policy importance • 1998 – 1,734 degrees awarded • 2009 – 2,428 degrees awarded • 2020 Goal – 3,074 • Graduation rate • Increased from 30% in 1998 to 48.4% in 2009 • 2020 Goal – 60% • Doctoral Degrees • 1998 – 76 • 2009 – 142 • 2020 Goal – 350 • A Rhodes Scholar 13

  14. Our progress since reform…Our commitment to research 3 – Research – policy importance Total extramural funding awards: 1998 - $42 M 2009 - $140 M 2020 Goal - $400 M 14

  15. Research, Creativity and Discovery Adult Heart Stem Cell Transplant Rebuilding hearts and lives James Graham Brown Cancer Center Breast Accreditation First in Kentucky Fueling with bio-diesel 15

  16. Our progress since reform…Our commitment 4 – Community – policy importance 12th Best “Community” Neighbor University in the country • Earned a B+ from Sustainable Endowments Institute; tied for top honor with Berea College • Scholar House – 56 apartments housing single mothers working on their education • Dental School – dental clinics in Eastern Kentucky • Signature Partnership • Revitalizing neighborhoods • Park Hill • Province • Reynolds Lofts

  17. Our progress since reform…Our commitment 5 – The Economy – Everyone understands importance “The University of Louisville and the city of Louisville drive our state.” – John Calipari, UK Basketball Coach Courier Journal, January 22, 2010

  18. UofL – the Driver Job Creation • From 2003 – 2009 – a time of state budget cuts • 9,764 jobs created (direct & indirect) • Roughly – 40% of net new jobs created in Kentucky during the time frame studied The University of Louisville: An Engine of Growth from 2003-2009 Manoj Shanker January 2010

  19. We are driving the economy… Construction projects Louisville Arena Center for Translational Research ShelbyHurst Outpatient Center 19

  20. UofL – the Driver Major Construction Projects Belknap Campus Belknap Entrance/Oval Belknap Research Building Cardinal Station Chemistry Vent Phase I Code Improvements-Fire Safety Community Park Dorm Ekstrom Basement Archives Ekstrom Library Expansion Ernst Hall Greek Housing Houchens-Graduate School Kentucky Trailer Kersey Library Renovation Kurz Hall Lacrosse Field Minardi Hall MITC Natatorium Old World Pasta Plant Patterson Baseball Stadium Second Street Property The Bellamy The Province Threlkeld Hall Honors Program Trager Center Fieldhouse Trager Field Hockey Expansion Yum Center

  21. UofL – the Driver Major Construction Projects Health Sciences Campus Cancer Center Renovation Cardiovascular Innovation Institute Chestnut Garage Expansion CII Renovation Clinical & Translational Research Bldg. Delia Baxter Research Dental School 1st Floor Haymarket HSC Fitness Facility HSC Parking Garage II Inhalation Labs Phoenix Place Apartments School of Public Health Tunnel Extension/Improvements Shelby Campus Center for Predictive Medicine Regional Computer Forensics Lab ShelbyHurst Development Work Other Cressman Center – Downtown Louisville Arena - Downtown

  22. UofL – the Driver Economic Engine • From 2003 – 2009 • UofL activities added $1.2 billion to Kentucky’s economic output Net Increase in Economic Output from FY03 to FY09 Source: Manoj Shanker

  23. UofL – the Driver Great Investment • Taxpayer ROI (return on investment) • Every dollar UofL receives in state funds results in an additional $4.12 going into the economy • In 2003 the ROI was $2.71 • Source: Manoj Shanker

  24. How we do this with budget cuts… • Expense management/reengineering • Focus on “underperforming assets” • Fundraising • Growing clinical programs • Grow research/commercialization/industry contracting • Partnerships • Being creative (e.g. TIF)

  25. Economic Growth The Big Picture • Education – “creative class” – jobs follow people • Research – is economic development • Helping build new “clusters • Healthcare/life sciences • Logistics/distribution • Energy • Investing in community

  26. Keeping the engines running… • 4 keys to Kentucky’s future • Education • Education • Education • Education • The fuel for an economic recovery is educating Kentucky’s citizens. 26

  27. Yet – Kentucky Chamber: The Leaky Bucket Corrections

  28. Other big leaks… • Medicaid • Public employee benefits • Retirement • Health insurance Diverting money from our future growth 28

  29. We need your support…CPE budget recommendations • Fund maintenance and operations for current buildings • Funding for strategic initiatives – retention/graduation • Fund additional classroom space • Keep “Bucks for Brains” alive 29

  30. www.louisville.edu/legislativeaction 30

  31. Thank you! Questions/Discussion 31

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