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What impact will the Sam Houston State University Research Park have on the
economy of Huntsville and Walker County?
Charles F. D’Agostino, PresidentDevelopmental Consulting LLC
Jobs and wealth creation : Opportunities in criminal justice R&D and technology commercialization internationally
National distinction : For SHSU, Huntsville, Walker County, and Texas
Global impact : On law enforcement and criminal justice while improving environmental sustainability
A nexus between criminal justice, crime prevention, forensic sciences and law enforcement to create new products and services for markets that benefit the university, the region and impact the world
Communities generating innovation, technology and knowledge
Growth of existing companies Creation of new companies Commercialization of intellectual
property from SHSUNet Result: Generation of Jobs, Income
and Economic Development for the Region
Unique Environment
for the Intersection
of University, Industry and Government
University
Industry
Government
real estate andbusiness development
academicprograms
sweet spot...aka SHSU research park
moving through time
“Have these moving in and not moving out”
For the University:
• Research grants and sponsored research opportunities
• “Real World” problems and industry expertise
• Equipment• Business leaders as adjunct
faculty• State of the art facilities• Opportunities for faculty
consulting, recruiting & retention
• Internships and career opportunities for students
For Industry / Government:
Access to state-of-the-art expensive equipment
Sponsored research opportunities – Access to University
Faculty as consultants Students Commercialization expertise –
patenting, tech transfer, marketing
Libraries, facilities, cultural & sporting events
North America: 47,000 acres
124 million square feet
300,000 workers in the parks
2.57 economic multiplier
◦Employment impact:750,000 jobs
$1.3 billion annual impact
$48 million in tax revenue
$63,000 average annual salary
research parks: where government, industry, and academia work together
Research Park Number of Firms Total Economic Impact $
University of Arizona 40 $550,045,090
Stanford Research Park
150 $2,683,079,950
Purdue Research Foundation
138 $194,454,400
Virginia BioTechnology Research Park
53 $124,547,760
LBTC Overall Impact [Jan 1999 – Jan 2011]
$145,325,241 in equity, grants and loans◦ Amount of purchases or labor spent in the area >$56.7 million
5,864 businesses & entrepreneurs received technical and management assistance
3,297 business or marketing plans developed 529 businesses started after receiving assistance; creating
or saving at least 9,494 jobs 378 training events for 20,071 participants
• 32 Incubator Tenant Companies
– Creating 155 jobs in Baton Rouge
– Annual Payroll of $7,750,000 ($50,000+)
•142 Graduated Tenant Companies
– 2,308 jobs created since 1988
– 116 still in business
– $13,800,000 annual payroll
= 80% success rate, with 90% still operating in area
LSU E. J. Ourso College of Business LBTC
Louisiana Business & Technology Center – 2005 National Incubator of the Year – 32 businesses -155 jobs
LSU Center for Bio-modular Multi-scale Systems
The National Center for Biomedical Research & Training (NCBRT)
The Louisiana Army National Guard and Disaster Response Center (220,000 s.f. headquarters on 50 acres)
Electronic Arts (EA Sports) 350 game developers
LSU Small Business Development Center (LBTC)
Louisiana Technology Transfer Office (LBTC)
Business Emergency Operations Center (BEOC)
$32,000,000+ annual payroll and $70+ million in purchase power
600 + jobs at the Park accounting for 1,542 indirect jobs
55acre park 19 companies in the park accounting for
893 direct on site jobs and 551 indirect jobs Average salary of park employees $57,000 Annual labor income exceeds $51 million in
direct jobs and $23 million additional for indirect jobs
NDSU generates $3.6 million in local government revenues annually and $7.3 million is state government taxes
Celebrating 15 years of Innovation◦ 40 companies with 7,000 plus jobs◦ 15 miles from the University of Arizona in Tucson
Vail Academy and High School is located on park property
Park focus: Renewable energy, sustainable technologies, optics, aerospace, and border technologies
Companies include: Raytheon, IBM, Canon, Medipacs, NP Photonics, BioVidria
Use Breakdown by Acre (estimated in master plan)◦ SHSU university related buildings – 48 acres
Texas Department of Criminal Justice – 5 acres◦ Corporate and R&D companies – 55 acres◦ Retail/mixed use/hotel – 12 acres◦ Open space – 10 acres
Total Development – 2 + million square feet Construction value at build out can exceed
$200 million SHSU CJ units and other development in the
first five years can generate 420 direct jobs and 585 direct, indirect and induced jobs
Correctional Management Institute of Texas (CMIT)
Law Enforcement Management Institute of Texas (LEMIT)
Southeast Texas Applied Forensic Science Facility (STAFS)
Forensic Sciences & Forensic Chemistry Texas Research Institute for Environmental
Studies (TRIES) Institute for the Study of Invasive Species
(ISIS)
Expansion of campus providing space to grow ***** Facilitates the economic development mission of the
university Development of teaching labs for faculty and students Creates a place for university funding opportunities, grants
and joint venture projects with industry Provides resources to small businesses and entrepreneurs
in the area and at the university Creates an image of entrepreneurism for SHSU and
Huntsville Creates jobs and economic stimulus for the area Bolsters the local tax base and diversify the local economy Provides entrepreneurial training and executive education Creates wealth that can return to the university in
donations, endowments and sponsorships
20
JOBS JOBS JOBS JOBS Increased tax rolls – property, sales, etc Creation of demand for retail and wholesale
goods and services Creation of demand for amenities and
recreational programs Attraction of new business & industry to the
area Stimulation of current businesses in the area Retention of SHSU student after graduation Increase demand for local housing
•Increased employment
•High-paying jobs
•Increased tax revenue
•Diversification of the economy
•Supporting technology based economic development
•Enhancing the community’s image as a business friendly
Environment
CREATE, RETAIN & RECRUIT BUSINESSES
Charles F. D’Agostino, President ◦ Developmental Consulting LLC◦ Executive Director of Louisiana Business &
Technology Center◦ Director of LSU Innovation Park◦ Acting Director of LSU Stephenson
Entrepreneurship Park◦ Louisiana State University
Phone: 225-921-0900 [email protected]