Building Stronger Connections Between Higher Education and the Economy

Aligning State, Regional, and Institutional AgendasPresentation at the 2008 SHEEO annual meeting by:

Sue Hodges MooreVice President for Planning, Policy, and Budget

Aligning State, Regional, and Institutional Agendas

• Goals• Resources • Organization• Policy Leadership• Accountability

Statewide Public Agenda for Postsecondary and Adult Education• Increase the standard of living and

quality of life in Kentucky to the level of the national average by 2020.

The Five Questions:1. Are more Kentuckians ready for postsecondary education?2. Is Kentucky postsecondary education affordable to its

citizens?3. Do more Kentuckians have certificates and degrees?4. Are college graduates prepared for life and work in

Kentucky?5. Are Kentucky’s people, communities and economy

benefiting?

NKU Business Plan:Statewide Context

Primary Goals• Competitive Economy

– 50,000 new high paying jobs

• Educational Excellence– Meet or exceed national

standards at all levels

Vision 2015Regional Plan for NKY

The Talent Continuum

NKU Business Plan Goals

1. Talent Development2. Regional Stewardship3. Institutional Effectiveness

Goal 1: Talent Development

• Degree production levels that meet the region’s workforce needs

• Focus on high demand fields• Programs and curricula to meet

needs of global economy

NKU Business Plan Development:Talent Force Analysis

• Assess regional talent force needs for bachelor’s degrees and higher

• Calculate return on investment of the benefits of future growth and economic development for the region and the state

Bachelor’s Degree Production to Sustain 50,000 New Jobs

In 2015:20,278 new jobs preferring bachelor’s degrees or higher

1,796 degree-holders currently produced in NKY annually

2,209 estimated additional bachelor’s degrees preferred annually

4,005 estimated degree-holders to annually sustain jobs

Talent Force AnalysisDemand for Degrees

Talent Force AnalysisReconciling the Numbers

Bachelor’s Degree Demand

With the development of talent and the creation of 50,000 new jobs, the economic increase is significant. In 2015 the annual increase will be:• $2.8 billion in incremental wages• $1.6 billion in local (NKY) spending• $270 million in new Kentucky tax revenue

The Return on Investment

Goal 2: Regional Stewardship

• Outreach and public engagement activities that address regional needs– Planning/needs assessment– Applied research– Consulting and technical assistance– Identification of best practices– Demonstration projects– Outcomes assessment– Public policy analysis– Community programs– Service learning– Non-credit classes– On-campus resources

Goal 3: Institutional Effectiveness

1. ad• Cost Containment and Efficiencies• Integrated Planning, Budgeting and

Performance System• Institutional Performance and Regional

Tracking Indicators

Phase II Institutional Effectiveness

State Policy Levers

• Embedding regional stewardship into state funding policies and accountability systems– Infrastructure and incentive funds that support

and encourage regional engagement– Funding models that recognize regional

differences and returns on investment– Policy leadership that encourages regions to

develop plans and monitor progress – Performance indicators and reports that

address regional stewardship activities– Regional metrics (e.g., county data) that

monitor progress

• Five Questions One Mission Better Lives for Kentucky’s People: A Public Agenda for Postsecondary and Adult Education, 2005-2010 http://www.cpe.ky.gov/NR/rdonlyres/BEC64FFE-7730-4CC9-90B5-17B58EAD7FD3/0/FINAL_Public_Agenda_20051004.pdf

• Double the Numbers: Kentucky’s Plan to Increase College Graduates http://www.cpe.ky.gov/NR/rdonlyres/76889317-86C5-4AFF-9046-AD95E4137602/0/DoubletheNumbersPlanFINALNov15.pdf

• Council on Postsecondary Education 2006-2008 Regional Stewardship Program Guidelines http://www.cpe.ky.gov/NR/rdonlyres/655963C8-94D7-4F80-BEFF-30E60BD939AA/0/10_TFGuidelines_RegionalStewardshipProgram_Attachment_AS_ADOPTED_7_10_06.pdf

• Vision 2015 - A 10-Year Strategic Plan for Northern Kentucky http://www.vision2015.org/

• NKU Strategic Agenda (The Talent Imperative!) http://president.nku.edu/resources/THE%20TALENT%20IMPERATIVE1.pdf

• NKU Business Plan (It’s All About Talent!) http://president.nku.edu/resources/NKU_BusinessPlan_121107.pdf

Resources

• 50,000 new jobs• $2.8 billion annually in

incremental wages• $270 million annually in new

Kentucky tax revenue

• Life-enhancing value

Our joint commitment will contribute to…

The Return on Investment