University Economic Development Association2013 Awards of Excellence - Leadership and Collaboration

University of Georgia EDLCEconomic Development Leadership CouncilOffice of Economic Development

Malcolm McCoyDirector of Corporate Relations

Enhancing campus wide communication resulting in new economic development initiatives and industry partnerships

Context & Framework

2008 IssuesLack of interdisciplinary communication among economic development entities

Economic condition of local region Lack of manufacturing/biotech and

human health presence Increase in poverty rates

Economic condition of the University Significant decline in state support Extremely limited operating budget

Bigger IssueHow to engage UGA in various areas of economic development to improve the region and state without any $$...?Alignment- Economic Development under the Provost vs. OVPR and PSO

EDLC - Economic Development Leadership Council

Solution = EDLC•Sustainable mechanism to coordinate economic development

• Small Business Development & High-tech business development

• Public Service & Outreach & Corporate Relations• Government Relations & International Partnerships• Engineering & Carl Vinson Institute for Government• Research& Technology commercialization• Selig Center for Economic Growth & Family & Consumer

Sciences

Replicable, Original, Sustainable, Scalable

Originality“Necessity is the mother of invention”Lack of resources & increase in demand required a creative solution

ScalabilityFluid organizationNo desire to expand or create an enterprise

SustainabilityMinimal budgetary impactSupported by senior leadership and central administration

ReplicabilityCoffee shops are everywhere Requires no infrastructure

Value and sustainable change

1. Impact of EDLC on University “Silos”

• 17 Colleges• 100 + Institutes

& Centers• 8 Units in PSO• 4 Campuses

=

• J&J Umbrella of 200 companies

A Campus based

Enhancing campus wide communication

2. Impact of EDLC on Feedback Loops

Tax credits of up to 30 percent create significant cost savings for companies producing feature films, television series, music videos and commercials, as well as interactive games and animation.

Enhancing campus wide communication

3. Impact of the EDLC on Manufacturing & Industry Partnerships

• Addressing corporate needs- MBB

• Establishing new partnerships• Positioning students for career

opportunities

“One of the pillars of the university’s mission is service to the state, and that includes helping foster growth and prosperity.

I am convinced the University of Georgia can play an even greater role in economic development, and these changes signal our intention to do so.”

• Key priority under new administration

• Aligned to OVPR & PSO

• University establishes Atlanta Economic Development Office

• Corporate Connect new focus is Industry Partnerships

• 6 New ED Initiatives since August

• UGA President-elect Morehead announces increased emphasis on economic development

4. Impact of the EDLC on Economic Development

• Small Business Development High-tech business development• Public Service & Outreach Corporate Relations• Government Relations International Partnerships• Engineering Carl Vinson Institute for Government• Research Selig Center for Economic Growth• Family & Consumer Sciences

EDLC A sustainable mechanism to coordinate economic development

Enhancing campus wide communication resulting in new economic development initiatives and industry partnerships