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November 18, 2009

GLI Top Investors and Executive Committee. Dr. James R. Ramsey President. November 18, 2009. Economists like pictures and graphs Some dots and a triangle…. 2. Last year was a … of a year!. Wind Ice Flood Neurosurgery Personnel Issues

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November 18, 2009

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  1. GLI Top Investors and Executive Committee Dr. James R. Ramsey President November 18, 2009

  2. Economists like pictures and graphsSome dots and a triangle… 2

  3. Last year was a … of a year! • Wind • Ice • Flood • Neurosurgery • Personnel Issues And of course, the worst economy since the Great Depression. 3

  4. We know that nationally times have been unprecedented… and who knows? GDP Declines During Postwar Recessions (peak-to-trough percent change; date is year of peak quarter) 4

  5. U. S. Job LossAre we out of the woods yet? 5

  6. Kentucky has not been immune to those impacts Nonfarm employment in thousands Dec. ’07 1872.4 Sep. ‘08 1845.0 Employment loss – 4.7% State General Fund loss – 4.0% Sep. ’09 1758.6 Notes: Employment 2009 < employment 1999 6

  7. Kentucky Economy: Manufacturing – Our Bread and Butter Manufacturing employment (in thousands) Sep. 2009 208.9 (p) p: preliminary 7

  8. We (Kentucky) face challenges • Big challenges • Structural challenges • We will struggle for a while – next biennium budget will be ugly In the words of that great philosopher, Lily Tomlin, “It’s going to get a lot worse before it gets worse.” 8

  9. Some numbers…(Depressing, aren’t they) e – estimate a – actual r - revised 9

  10. What’s all this have to do with UofL? We are expected to help improve economic opportunity and quality of life for Kentuckians (HB1 – 1997) Law has not changed.

  11. “U of L to be Premier Nationally Recognized Metropolitan Research University” “Challenge for Excellence” (1998 – 2008) “We met Challenge” 2020 Plan

  12. The weak economy has an impact on us too… Kentucky Employment Losses State Individual Income Tax/Sales Tax Cuts/Cuts/Cuts 9 for 9

  13. But no one is… hanging it up or calling it quits just because we are challenged – To the contrary…

  14. Our Students… • 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 14

  15. Why we are getting the best students… • Commitment to quality • Our Covenant • Affordable • Small campus experience • Freshman English classes are limited to 22 students • 19:1 student/faculty ratio • Active student advising • Engagement • 250 student organizations and growing • Campus • A “research” university • Our Community • UofL named one of America's Top 25 'Best Neighbors' - #12 15

  16. Our Graduates… • 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 16

  17. And while we like our athletic success… • 5th Men’s Basketball (‘08-’09 season) • 17th Men’s Baseball (‘08-’09 season) • 22nd Men’s Tennis (current) • 29th Men’s Swimming/Diving (current) • 40th Men’s Golf (current) • 2nd Women’s Basketball (‘08-’09 season) • 11th Women’s Field Hockey (current) • 16th Women’s Golf (current) • 18th Women’s Rowing (current) • 22nd Women’s Swimming/Diving (current) • 22nd Women’s Indoor Track & Field (‘08-’09 season) 17

  18. How ‘bout these rankings/numbers! • #1 World ranking for Cardinal Singers • 2nd Percent of growth in Federal Research funding 2001-08 • 9.5% Increase in transfer students • 11th School of Dentistry Research rank • 12th Best “Community” Neighbor • 13th Medicaid managed healthcare plan • Top 15% Military Friendly School • 16th School of Business Graduate Entrepreneurship • 20th Entrepreneurship productivity • 20th Number of Fulbright Scholars • 20th University increase/jump in Business Week public ranking • 24 National Merit Scholars in Freshman class • Fast 50 – Jonathan Blue – Louisville’s fastest growing privately held company 18

  19. Our Research… Research Funding and NIH Funding Total grants: 1998 - $42 M 2009 - $140 M 2020 Goal - $400 M 19

  20. “From mind to marketplace” Note: By 2008, 130 patents were issued, a 136% increase since 1998.

  21. And our research helps Kentucky... • The Conn Center for Renewable Energy • Research and Environmental Stewardship • Argonne National Laboratory • Cancer Care/Drugs • E.g. Gardasil • Heart care/research • E.g. Adult Stem Cells to regenerate heart 21

  22. Our faculty is critical to Kentucky’s healthcare… • State of the art medical care provided by 460 faculty physicians who are the best teachers and researchers • James Graham Brown Cancer Center • University Hospital Level I Trauma Center • The safety net for the underinsured and the uninsured • ULH: 21% uninsured normal times; today => 30% 22

  23. We are driving the economy… New arena and other construction projects Louisville Arena Center for Translational Research ShelbyHurst Haymarket 23 Since 2002 – over $800 million in capital construction

  24. We have… • Been challenged • Made progress • Have more to do And despite challenges, we are focused and committed. And we embrace“Idea City” Louisville will be the idea capital of the world, where imaginations and individuals thrive 24

  25. 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. 25

  26. Education Pays Per Capita Income in All 50 States v. Adults with Bachelors Degrees or Higher Data for 2007 2007 26

  27. Students or Inmates? 27

  28. 2010 Legislative Priorities Support CPE Recommendations • Fund maintenance and operations for current buildings • Increase base funding • Fund additional classroom space • Keep “Bucks for Brains” alive 28

  29. We need your support… You are our messengers to the legislators! 29

  30. THANK YOU! 30

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