PowerPoint Presentation
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Speakers
Vern Squier, CCEPresident/CEOChamber of Business & Industry
of Centre County (CBICC)Jeff Fortin, Ph. D.Associate Vice President
for Research, Director of the Office of Industrial PartnershipsThe
Pennsylvania State University
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Multi-Year Effort
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Imbalanced Economy
1998 Employer Data2012 Employer DataData from CDT Business
Matters January 1999 & February 2013
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RecruitmentLivable wage-paying jobs to compliment the existing
economyFamilies and residents to the areaCompanies, jobs,
paychecks
RetentionExisting institutions and companiesYoung professional
and graduates of the universityTalent, ideas and intellectual
propertyEntrepreneurial Development Capitalize research from
UniversityInspire business growth and startupsEnhance quality of
life as a key economic driverThree Pillars of Economic
Development
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Change/Solidify Mindset
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Memorandumof AgreementSigned May 1, 2015
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Invent Penn State
Penn State will be a driver for job creation, economic
development and student career success.
Eric Barron, PresidentPenn State University
Thematic Areas:
Transforming our ability to promote economic
developmentIncreasing external visibility of our intellectual
propertyCreating capacity and capability to develop startups and to
attract companiesEnhancing an already strong path to student career
successFulfilling our land-grant mission in the 21st century
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Community Responsibility
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University Perspective
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Communication
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Invent Penn Sate Team
Development and Alumni Relations
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Get FocusedRecruitment
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MOA Implementation and Impact
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Ready or not..Multi-Element response Fortune 100 Major Global
CompanyNew business model: product ideas and development through
co-creation
RequirementsCommunity of enthusiasts, experts, and
designersUniversity partnership students, talent, ideas,
support25,000 ft2 of space for a makerspace
Opportunity
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Ready or not..Strategic partnerships: Morgan Advanced Materials
R&D Center
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Examples:
Medical Device CompanyFortune 100 Companies
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Sheri CollinsDeputy Secretary for Technology & Innovation PA
Department of Community and Economic Developmentyou never know
whats going to happen when a university partners with an Economic
Development organizationthis last year has been really exciting to
watch from Harrisburg area. A lot of times people will talk about
the power of partnershipIts very easy to talk about it, but the
reality is that Penn State is actually doing it.. and theyre doing
it with organizations like (CBICC/CCEDP).
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Questions?
Vern Squier, CCEPresident/CEOChamber of Business & Industry
of Centre County (CBICC)Jeff Fortin, Ph. D.Associate Vice President
for Research, Director of the Office of Industrial PartnershipsThe
Pennsylvania State University
invent.psu.edu
invent.psu.edu
