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Advancing Southern Nevada's Innovation: The UNLV Tier 1 Initiative for Economic Development

The University of Nevada, Las Vegas (UNLV) is dedicated to enhancing its research capacity and supporting long-term regional economic development through its Tier 1 initiative. This comprehensive program focuses on rigorous educational standards, improving student retention and graduation rates, and advancing innovative research. By 2030, UNLV aims to achieve "Very High Research" status, significantly increasing its research grants and fostering community engagement. The initiative is projected to create over 350 high-paying jobs per $10 million in new research funding, driving economic growth in Southern Nevada.

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Advancing Southern Nevada's Innovation: The UNLV Tier 1 Initiative for Economic Development

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  1. Enhancing Southern Nevada’s Innovation Capacity and Advancing Regional Economic Development for the Long Term UNLV Tier 1 Initiative

  2. UNLV Mission Statement (2007) The University of Nevada, Las Vegas is a research institutioncommitted to rigorous educational programs… Our commitment to our dynamic region and Statecentrally influences our research and educational programs, whichimproves our local communities.

  3. UNLV Strategic Planning Measurable Outcomes (2011) • Student learning and success • student retention, graduation ratios • degrees granted • learning outcomes (quality metrics) for general education and for degree programs • Advance research and innovation • research grant and contract expenditures • scholarly communications (books, articles, abstracts) • Inclusion and community engagement • diversity data on faculty and students

  4. Updated Mission: Tier 1 Status • Retain goals of 2007 strategic plan • Update measurable outcomes of 2010 • Regain lost ground of retrenchment period • Adapt to new state, regional demands • Course, degree completion (performance funding) • Alignment with state, regional economic development

  5. Why Nevada Needs Tier 1 Research Universities • 4:1 ROI economic impact for every public dollar • 2:1 increase in economic impact of every additional $ of research external grants/contracts • 350 high-paying jobs (in spin-off industries) for every $10m increase in research grants/ contracts • Tier 1s average 12 patents/ start-ups per year Source: Center for Economic and Business Reporting, UNLV

  6. The Challenge for UNLV • UNLV (2010) designated “High Research” • Tier 2 = top 4.5% of U.S. colleges, universities • Objective 2020: Enhance student success • > 60% UG graduation rate • > 25% of students are graduate, professional • Objective 2030: “Very High Research” designation, among the top 100 research institutions • Tier 1 = top 2.3 % of U.S. colleges, universities • 75 Tier 1 are public universities • 74 Tier 1 universities have medical schools • 2 minority-serving institutions currently among Tier 1 universities

  7. Tier 1 10-Year Goals • Full-time instructional faculty of 1200 (+330 from current) • Tenure-track faculty of 975 (+250 from current) • Six-year undergraduate graduation rate 60% • 4,250 bachelors per year • 1,500 graduate/professional degrees per year • 850 graduate student scholarships (+300 from current)

  8. Tier 1 20-Year Targets • $120 M annual sponsored research activity ($80m net increase) • 100% increase annual research grant/contractexpenditure per faculty member ($75,000 per faculty) • 200 research doctorates per year (100% increase) • 4250 undergraduate degrees • 1500 grad/ professional degrees • 30 degree programs ranked in top 100 nationally • Campus space expands by 400,000 GSF

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