Economic Impact Report Design Notes-07_08

Text for Economic Impact Report- 2007-2008 Tentative Title Page- IT IS ABOUT LEADERSHIP The Economic Impact of Oregon’s Urban University Inside Front- Pictures of buildings in constructi

Text for Economic Impact Report- (2007-2008) Tentative Title Page- IT IS ABOUT LEADERSHIP

The Economic Impact of Oregon’s Urban University

Inside Front- Pictures of buildings in construction or on the drawing board- possibly a

map

Page 1- From the desk of President Wim Wiewel

The eighth president of Portland State University

Text: It’s a great time to be at Portland State University, and I am excited to be

chief and cheerleader of an outstanding urban research university in one of the best cities in the U.S

In an age when the local department store, bank, and grocery store are run by corporations in New York or international conglomerates, PSU provides an enduring presence and commitment to the betterment of our community We are physically, academically, civically, and environmentally enmeshed in the life of the region

In other words, we’re here for the long haul

I see my tenure as the president of PSU as part of a continuum with the University providing leadership, pursuing partnerships, preparing students, and promoting engagement with governments, businesses, and community organizations by focusing on the following:

• Civic Leadership through Partnerships—PSU will be a civic partner

and a deeply engaged community asset

• Student Success— We will ensure student experiences that result in

higher satisfaction, retention and graduation rates

• Achieve Global Excellence—PSU will become an institution that is

recognized nationally and internationally for the accomplishments of its faculty, the reputation of its programs, and the preparation of its students

as world citizens

• Enhance Educational Opportunity—We will ease the transitions from

K-12 to higher education

• Expand Resources and Improve Effectiveness—PSU will expand

resources in each its funding streams (state, private, tuition, research,

business partnerships) and manage resources effectively so we can match investments to strategic priorities

Together we can continue building a community that preserves the highest quality

of life, a city that is the envy of the nation, and an economy that not only

competes on a global scale, but is also sustainable In this report you will see some of the many ways PSU is working toward that future

Wim Wiewel (signature)

Page 2- IT IS ABOUT LEADERSHIP

Text: Portland State’s job is to not only "Let knowledge serve the city," but also

our community, the region, and the state of Oregon We do this through civic leadership and engaged partnerships with businesses, governments, and

community organizations We do this by providing the region with graduates to meet the needs of a growing knowledge economy We do this with world-class research and programs, such as our sustainability initiative And according to indicators, PSU, ranked seventh among "Up-and-Coming" universities by US News and World Report, is doing well

This Economic Impact Report is a snapshot of the benefits an anchor institution like PSU brings to our community We hope you will review this material, share

it, and join us in a discussion about how PSU will provide civic leadership in developing a sustainable economy for the region

Callout: U.S News and World Report lists Portland State in its “America’s Best

Colleges 2008” under the section “Choosing a School: Programs to look for “in five Categories:

 Internships and Co-ops

 First-Year Experiences

 Learning Communities

 Senior Capstones

 Service Learning

Callout: In a new Category, “Up and Coming Universities” U.S News and

World Report ranked Portland State University 7th among National Universities that have “made the most promising and innovative changes in academics,

faculty, students, campus, or facilities.”

Page 3- PSU by the Numbers

Enrollment- 24,999 (Fall, 2007)

Degrees- 117,985 (Total # PSU Degrees Awarded)

Research- $ 37.5 Million (2007-08 Expenditures)

Staff - 3,503 (Full Time Employees)

Financial Aid- (Note: 24% of student spending is discretionary This money is included in the Impact Report)

Grants- $ 21 Million Loans- $ 111 Million Scholarships- $ 6 Million Work Study- $ 1 Million Total Financial Aid- $139 Million (24% of this amount = $ 33 Million) Expenditures- (2007-2008)

Payroll- $ 205 Million Services & Supplies- $ 148 Million Capital Purchases- $ 51 Million Total Expenditures - $ 404 Million

Page 4- ROLES OF THE URBAN UNIVERSITY

Text: Portland State University’s place is fixed at the epicenter of Oregon’s

largest city We are a place that employs artists, scientists and other innovative thinkers in a variety of disciplines We are a place that supports students and faculty members who experiment, take risks, and learn from their experiences

We are all that…and more

EMPLOYER PURCHASER EXPERT ADVISER REAL ESTATE DEVELOPER STUDENT AID PROVIDER WORKFORCE DEVELOPER BUSINESS ACCELERATOR COMMUNITY PARTNER

Quote: The Portland metropolitan area is the population center, the economic hub, and the cultural leader in our state The future success of Portland and of Oregon as a whole is integrally tied to the availability of smart, creative, and knowledgeable citizens with the ability to understand both the domestic and

international environment An educated citizenry is increasing essential to the success of any city, state, or country in our global economy

Portland’s Higher Education Agenda for the 21st Century- 2008

Report of the Oregon State Board of Higher Education

Page 5- THE ECONOMIC MULTIPLIER EFFECT

Text: In our last economic impact report we used a multiplier of 2.4 to calculate the value of PSU’s contribution to the Regional economy This multiplier is used for calculating the impacts of higher education and comes from the proprietary IMPLAN input-output model

Employer $ 205 M x 2.4 = 492 M

Purchaser $ 148 M x 2.4 = 355 M

Student Aid Provider $ 33 M x 2.4 = 79 M

Real Estate Developer $ 51 M x 2.4 = 122 M

$ 437 M x 2.4 = 1,048 M

Other PSU Contributions

$ 48 MWorkforce Developer

$ 23 M Community Partner

$ 9 M Business Accelerator

$ 1 M Expert Adviser

$ 81 M

Total Impact of PSU in 2007-08

$ 1.128 Billion

Callout: The Multiplier Explained “Every dollar PSU spends yields an economic

multiplier (or ripple) effect—enabling additional rounds of spending in the community This economic multiplier measures such indirect effects as:

• Faculty, student, and staff spending on housing and retail purchases

• PSU spending on supplies and services from business vendors in the community, inducing continued spending in the community.”

Eric Hovee and Andrea Logue, Portland State University

Economic Benefits Assessment, August 2004

Page 6- ECONOMIC IMPACT HIGHLIGHTS

The Many Roles of Oregon’s Urban University

Text:

EMPLOYER

With over 3400 full time and another 2600 part time employees, PSU is one of the largest Employers in Oregon Our payroll was over 205 Million

in 2007-08

PURCHASER 2007-08 expenditures for goods and services totaled 148 Million

Applying the multiplier for higher education, this represents a 355 Million impact

EXPERT ADVISER

A 25 Million dollar grant from the Miller Foundation will help PSU strengthen its expertise in Sustainability research, making us a world leader in this area

REAL ESTATE DEVELOPER Expenditures of 51 Million in 07-08 represent just 17% of the total capital investment PSU plans to make in the University District by the year 2012 WORKFORCE DEVELOPER

113,000 PSU Alumni are now in the workforce, 65% of these in Oregon and our School of Extended Studies provided workforce training to over

1700 Oregon companies in 2007

BUSINESS ACCELERATOR 100% of the startup businesses in the Portland State Business Accelerator work with PSU students Seven companies graduated from the accelerator

in 2008; six of these successful new businesses chose to stay in Portland COMMUNITY PARTNER

Using the Oregon multiplier for volunteer time, the 1.36 Million hours PSU students contributed was worth 23.6 Million dollars to our

community partners

Quote: “To be effective in this increasingly borderless global economy,

regions must be defined by the same criteria and elements which comprise

a knowledge-intensive firm: continuous improvement, new ideas, knowledge creation and organizational learning Regions must adopt the principles of knowledge creation and continuous learning; they must in effect become knowledge-creating or learning regions.”

Economist - Richard Florida, Phd

Page 7- EMPLOYER

Text: As an Anchor institution, Portland State is a fixed asset, providing living

wage jobs to some of our community’s most accomplished professionals In 2007

we employed 691 individuals with PhD’s -more than any other business in the Metro Region

Here is how PSU compares to some of Oregon’s largest employers:

 Wells Fargo Bank- 4,873

 Portland State University- 3503

 PG&E- 2,750

Callout: With 113,000 alumni (65% of which are employed in the region) PSU

grads make up the single largest group of Oregonians with Bachelor’s Degrees This is the group that pays the majority of personal income taxes…for all the services the region depends on

Page 8- PURCHASER

Text: Portland State University is a major purchaser of goods and services In

2007-08 we spent 148 Million This money flows through the state and regional economy, multiplying its impact as by enabling additional rounds of spending

Callout: Today’s College students are the most active Purchasers of all time In

2007 they spent $263 Billion, a $62 Billion increase since 2002; their spending on discretionary purchases alone in this year amounted to $63 Billion

Page 9- EXPERT ADVISER

Text: The Metro region has strong clusters of innovation-driven growth

industries Clusters leverage the region’s competitive advantages to establish niches in the global economy Portland State serves these clusters with a faculty that is connected to the community and has expertise in hundreds of fields of study

 Business Administration- The School of Business Administration’s MBA+

program is ranked 20th in the nation for integrating social and environmental

stewardship by Beyond Grey Pinstripes In 2007, Business Outreach Program

(BOP) students provided over 5,000 hours of consulting services to small businesses in Portland, including minority and women owned low income businesses

 Education- The Graduate School of Education is nationally accredited in

three areas: Professional Education, Counseling, and Rehabilitation

Counseling The Rehabilitation Counseling program is ranked in the top 25 in the nation by U.S News and World Report School of Education faculty provide leadership and consultation to school districts, state and national organizations in the areas of teacher education, special education, autism, counseling, adult education, and continuing education

 Engineering & Computer Science- Housed in the LEED Gold certified, state

of the art Northwest Center for Engineering, Science and Technology- PSU’s Maseeh College is helping Oregon meet its need for Engineering and

Computer Science expertise With more than 400 graduates in 26 countries and 150 active Master’s and Ph.D students, our Engineering and Technology Training program serves the world as well

 Fine & Performing Arts- Our faculty provides expertise to Portland’s

creative community, one of the fastest growing sectors of the regional

economy Our Jazz and Opera programs are nationally recognized and our innovative new Film Studies program will soon graduate workers with a strong theoretical and applied understanding of film, a targeted area of the Creative Industries Cluster

 Liberal Arts & Sciences- As PSU’s largest academic unit, the College of

Liberal Arts and Sciences has expertise in a wide range of subjects One example is the Ooligan Press, the nation’s premier student-run publishing house Ooligan is a teaching press in the Department of English It is staffed

by students pursuing master's degrees in an apprenticeship program under the guidance of a core faculty of publishing professionals Ooligan graduates can

be found in all the major publishing firms in the region

 Social Work- In the 2008 US News and World Report rankings,

the School of Social Work is rated in the top 20% of MSW

programs in the country Social Work faculty provide

leadership and consultation for key organizations in the Portland metropolitan area and the state including the

African American Commission on Mental Health; the

Multnomah County Commission on Children, Families, and Community; the Oregon Office of Mental Health and

Addiction Services; and the Oregon Bar Association Task Force on Disability Access among others

 Urban & Public Affairs- The footprint of the College of Urban and Public

Affairs (CUPA) is broad and deep across the region It is seen in the many alumni who help our public services run smoothly, the thousands of hours of service provided by our students through internships and other course work, the impact of our faculty on the solutions to our regional problems, and in the relationships we have with community partners But excellence also comes from the sound knowledge generated by academic research So all we

do rests on our research base and our ability to translate this to meet the challenges of maintaining the high level of livability in the region

Collaboration, service, knowledge discovery, civic engagement,

community participation, and a sense of social justice are principles and values that animate our college in the work we do

Page 10-11 REAL ESTATE DEVELOPER

Text: How we grow the physical campus is a reflection of our values PSU’s

development will be aligned with the needs of the community With multiple

financial resources, including the Urban Renewal Tool, PSU can be a successful partner in meeting regional goals for:

 Retail and commercial development partnerships

 District and transit planning & implementation

 Affordable housing for student and community needs

 Building a diverse and economically valued workforce

 Growing diverse new businesses

Our Portfolio

 49 acres of downtown real estate

 4.5 million sq ft of buildings on campus

 50 PSU Buildings

 11 Residential Student housing properties

 Over 1 million sq ft of new space acquired since 2000

 13 buildings constructed or remodeled since 2000

 70 new businesses in the University District since 2000

 $300 million of new capital investment planned by 2012

New Business Licenses Since 2000 = (see attached Excel spreadsheet for the

location of 44 new dots)

Stars of the University District:

1 The Portland City Archives

2 The Downtown Farmer’s Market

3 The Busiest Tri-Met Stop in Portland

4 The Most Studied Eco Roof in Oregon

5 The U.S Geological Survey

Quote: “Anchor institutions whose success depends on the success of the

communities in which they reside will be in the best position to contribute to urban success.”

- David Maurrasse, September 2007, CEOs for Cities

Page 12- WORKFORCE DEVELOPER

Text: According to the U.S Department of Labor, the average U.S worker

changes careers 3-5 times during their lifetime If you aren’t a lifetime learner in today’s world, you can’t compete Graduates of PSU’s seven Colleges have learned to learn, this gives them a real edge in the Knowledge economy

Where We Work- list:

 Business Administration

Portland Trailblazers

US Bank Walsh Construction Kaiser Permanente Oregon State Lottery Albertina Kerr Centers Adidas International Skywest Airlines Clark County

 Education

Portland Public Schools Legacy Health Systems Clark College

Or Dept of Education Beaverton School District Western Oregon University First Baptist Church

Vancouver School District

NW Regional Education Lab

 Engineering & Computer Science

Hewlett Packard

Boeing

PacifiCorp

Or Institute of Technology

TriMet

CDI Aerospace

Marvell Semiconductor

Merrill-Lynch

Intel Corp

 Fine & Performing Arts

Coldwell Banking

Nike

Radisys Corp

OMSI

Random House Inc

J Paul Getty Museum

Walgreens Inc

Cushman & Wakefield

The Oregon Zoo

 Liberal Arts & Sciences

Intel Corp

Portland Center Stage

Portland Development Commission Standard Insurance

Fred Meyers

Wafer Tech

The Oregonian

UPS

OHSU

 Social Work

Morrison Child & Family Services ChristieCare

Legacy Health System

State Department of Human Services Volunteers of America