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Young Alumni New York City, New York

Young Alumni New York City, New York

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Young Alumni New York City, New York

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  1. Young AlumniNew York City, New York Dr. James Ramsey President, University of Louisville

  2. Thank you for being here! • We love being in the

  3. Some Blue Dots and A Red Triangle

  4. New video here

  5. Great Things Are Happening But It Hasn’t Been Easy US GDP Very slow recovery

  6. Kentucky Employment Non Agricultural December 2011 63,700 job loss Notes – 1 – Most people employed since January 2009 2 – Still 63,700 fewer people working today

  7. Kentucky Employment ManufacturingDecember 2011 • Economy • Productivity gains • Offshore

  8. Some Observations • New economy • Knowledge based • Human capital… • Microsoft/Google/etc. • Global economy • Paradigm shift • Jobs follow people • Richard Florida – Creative Class • 3 T’s

  9. Some Observations • Importance of New Clusters • Healthcare/Life science • Human genome project – game changer • Logistics/distribution • But… • Advanced (“additive”) manufacturing • Nano/MEMS • Energy • Renewable • Business services • Start-ups/Entrepreneurial

  10. What’s all this have to do with Higher Education? • Creating “creative class” • Human capital • Brightest • Research • It is economic development • Start-ups • Business proximity (Milken Institute) • Quality of life • Social/culture/artistic vibrancy • Owsley Brown effect

  11. Rather Than Investing In Higher Education • Revenue growth FY 07-12 – 1.1% • Expenditures – the bad news • Some History %

  12. Students or Inmates? Source: KY Chamber of Commerce – Leaky Bucket

  13. Education Pays Per Capita Income in All 50 States v. Adults with Bachelors Degrees or Higher Data for 2009

  14. Some Numbers

  15. Today and Going Forward…We Need You More Than Ever! Be engaged Help us communicate Help us recruit Talk to policy makers Give back