UP 539 Tim Davis January 29, 2009 iLabs and Economic Development Background on iLabs and UM-Dearborn University of Michigan-Dearborn Center for Innovation Research Innovation + Entrepreneurship = Economic Development Public University with Metropolitan Vision Three Product Lines Internal Studies Customize Product for External Clients General Research for Region Studies of Mention Post Graduate Expectations Survey Internal and Regional University of Michigan-Dearborn Innovation Index Regional (state-level) Michigan Technology Climate Survey Regional (metro Detroit) eCities Regional (southeast Michigan) Post Graduate Expectations Survey Better understand professional and personal expectations following graduation and how those impact Michigan Workforce issue and talent attraction Historically, majority of UM-Dearborn alumni remain in Michigan Literature review of common beliefs Online survey to be repeated annually Six Months After Graduation Which of the following best describes the type of area you prefer to live? LifestyleMost Important Factors 94% Important 89% Important 70% Important 68% Important LifestyleContinued 59% Important 58% Important 46% Important 41% Important Feelings About MichiganGeneral 58% Agree 43% Agree 20% Agree 14% Agree Post-Graduate Job and Location 63% Agree 61% Agree 57% Agree 23% Agree Urban Living Downtown (Small City / Suburbs) Suburban Area Downtown (Large City) Rural Area 10%25%54%11% Prefer Southeast Michigan Prefer Elsewhere in U.S. 31% 34%4% Respondent Thoughts Southeastern Michigan is extremely polarized economically, socially, and environmentallythese factors are both an impediment and a challenge for a bright-eyed, bushy-tailed soon-to-be-college-graduate. I am interested in moving out of state, more for the experience of living elsewhere than a need to leave Michigan. I expect if I do stay out of state I wont move far so I can stay close to friends and family. Also, the move is not necessarily permanent. Michigan does have a lot of things to offer. I plan to stay in Michigan the rest of my life. UM-Dearborn Innovation Index Tracks quarterly changes in economic innovation Most Innovation Indexes use older data and the information is not indexed Publicly available data Policy tool for state and regional leaders Innovation Index Components UM-Dearborn Innovation Index has six components that examine innovation activity: Trademark Applications Innovation Workers Small Business Administration Loans Venture Capital Incorporations Gross Job Creation Innovation Index Trends Michigan Technology Climate Survey Understand the opinions of executives about Michigan as a place for technology firms Partnered with Detroit Regional Chamber Mixed views in terms of expectations and perceptions Repeat annually for benchmarking and policy decisions Michigan as a Place for Technology Businesses to Successfully Below AverageAbove Average Start-Up Operate & Expand Workforce Plans for 2008 Expanding Firms Perceptions of Michigans Technology Climate Compared to Previous Six Months Heading Into 2008 Compared to Other States Conditions Opinions of Government Involvement Mass Transit Downtown Will Have Positive Impact State Promotes Economic Growth State Tax Policy Promotes Entrepreneurial Development Strongly DisagreeStrongly Agree It is Important for Michigans Economy to Reduce Dependency on Auto Industry Strongly DisagreeStrongly Agree Shift From Manufacturing to Knowledge-Based Economy Auto Industry is Important to Michigans Economic Future eCities Annual Study of ED Efforts of Local Communities First Major Study by a School of Business First Major Study Focusing on Communities Communities Learning Best Practices from Other Communities How Index Was Developed Quantitative Research Using Modeling Six Factor Analytic Tool Online Collection of Publicly Available Data Field Work by Research Team Qualitative Research to Add Rigor In-Depth Structured Interviews Leaders in Local Effort Focused on Strategies and Tactics Best Practices Learned Match Strategies with Community Culture Role of Partners in Process Champion in the Process Balanced Use of Incentives Top Performing Communities 2008 Going Forward eCities 2009 Best Practices, Communities, Collaboration Benchmarking Tool Expand Participation by Communities Across State Business Location Survey Tools for Collaboration Other Activities and Contact Airport Economic Impact Studies WIRED Projects Partnerships Tim Davis