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 charliedag@cox.net