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Academic Library and Economic
Development Center Collaborate to
      Assist Local Inventors
                  Julia A. Martin
           Business & Economics Librarian
            University of Toledo Libraries

       CALA Midwest Chapter Annual Conference
               Saturday, May 22, 2010
Launch Business Development Library
• proposed by the Regional Growth Partnership
  (RGP) - Northwest Ohio’s economic development
  center
• to support the start-up and small business
  management needs of local inventors
• to increase economic development



 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   2
Highest Percent of Distressed Cities
• Ohio
• Pennsylvania
• New York




(Wolman, Hill, Blumenthal, & Furdell, 2008)

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   3
Characteristics of Distressed Cities
• to be in economically unhealthy metropolitan areas
• to have lower levels of connectivity to global
  economy
• to have a lower share of the metropolitan area
  population and employment
• to have older transportation and communication
  infrastructures
• to produce mature products
• to be smaller
 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   4
Characteristics of Distressed Cities
• to have residents with lower levels of education
• to be in high-wage labor markets
• to have high crime rates
• to have a higher portion of residents who are not of
  labor force age
• to have an out-migration of workers
• to lack amenities such as restaurants, cultural
  institutions, and good overall appearance
(Feyrer, Scaerdote, & Stern, 2007; Vey, 2008; Wolman et al, 2008)

    Academic Library and Economic Development Center Collaborate to Assist Local Inventors   5
Academic Library and Economic Development Center Collaborate to Assist Local Inventors   6
Toledo’s Economic Difficulties
• city population decreased 6%
     – 313,157 in 2000 to 293,201 in 2008
• violent crime rate 2.6 times the national average
     – 3,639 violent crimes per 100,000 people
• 17.2% of population 25 years and older has a
  bachelor's degree or higher
     – national average of 27.4%

(U. S. Census Bureau, 2009; Federal Bureau of Investigation, 2008;
U. S. Census Bureau, 2010b)
 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   7
Lucas County’s Economic Difficulties
• closings of large
  manufacturing plants                                            14

                                                                  12

                                                                  10

• unemployment rate                                                8
                                                                                                                           Lucas

  increased                                                        6

                                                                   4
                                                                                                                           US



     – 6.4% in December 2007                                       2


     – 10.1% in December 2008                                      0
                                                                       2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

     – 12.2% in December 2009

(U. S. Bureau of Labor Statistics, 2010)

   Academic Library and Economic Development Center Collaborate to Assist Local Inventors     8
14


13


12


11                                                                                   Annual
10
                                                               US                 Unemployment
                                                                                     Rate for
                                                               Ohio
 9
                                                               Illinois
                                                               Indiana
 8


                                                                                  Midwest States
                                                               Iowa
                                                               Kentucky
 7
                                                               Michigan


 6


 5


 4


 3
         2007              2008             2009

Academic Library and Economic Development Center Collaborate to Assist Local Inventors   9
Academic Library and Economic Development Center Collaborate to Assist Local Inventors   10
Lucas County’s Economic Difficulties
• job losses between 2000 and 2008
     – 34.3% (11,312 workers) of manufacturing jobs
     – 24.1% (2,846 workers) of construction jobs
     – 16.0% (8,142 workers) of trade, transportation, and
       utilities jobs
     – 15.8% (5,426 workers) of professional and business
       services jobs

(Mayer & McCleary, 2010)

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   11
Lucas County’s Economic Difficulties
• 17.4% of individuals lived below the poverty level
  during 2006-2008
• 22.1% of the population received food assistance in
  2008
• 20.8% of residents enrolled in Medicaid in 2008
• 43.5% of children enrolled in Medicaid in 2008

(U. S. Census Bureau, 2010a; Ohio Department of Job and Family Services, 2009)


 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   12
Academic Library and Economic Development Center Collaborate to Assist Local Inventors   13
Roles of Universities in Technology
    Transfer and Economic Development

 support the goals and growth of the city

• provide well-educated graduates
• support local businesses through consulting
• support local businesses through job training

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   14
UT Centers for Economic Development
         and Emerging Technologies
•     Intermodal Transportation Institute
•     Center for Photovoltaics Innovation and Commercialization
•     School of Solar and Advanced Renewable Energy
•     Center of Excellence in Advanced Renewable Energy and the
      Environment
•     Clean and Alternative Energy Incubator
•     Technology Business Incubator
•     Minority Business Enterprise Incubator
•     Nitschke Technology Commercialization Complex
    Academic Library and Economic Development Center Collaborate to Assist Local Inventors   15
Roles of Academic Libraries in
            Economic Development
• support faculty research
     – move from basic to applied sciences
• support small business development
     – resource provision
     – resource training
     – patent searching


 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   16
New UT Products to Support
               Economic Development
• GREENR (Global Reference on the
  Environment, Energy, and Natural Resources)
• ASTM Standards (industry)
• IHS Standards (military, federal, other)
• journal subscriptions
• Frost & Sullivan

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   17
Regional Growth Partnership Goals


•     new business attraction
•     international trade development
•     venture funds
•     tech-based business development



    Academic Library and Economic Development Center Collaborate to Assist Local Inventors   18
RGP's Launch Program
                                                                   promoting tech-based,
                                                                 start-up company success

• business planning                                                     • financial planning and
• technology validation                                                   projections
• equipment for demonstration                                           • grant writing
• prototype build and                                                   • market analysis and research
  demonstration                                                         • marketing strategies
• intellectual property                                                 • investment mentoring and
  management                                                              coaching

    Academic Library and Economic Development Center Collaborate to Assist Local Inventors   19
Launch's Clientele
• scientists, many with
  doctoral degrees
• many faculty from regional
  universities
• little theoretical or practical
  business experience


 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   20
Inventors’ Library Resource Needs
• small business education
• market research




 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   21
Small Business Education
• business-conceptual to help
  entrepreneurs build a framework
• business-practical to help entrepreneurs
  conduct business
• small business startup practices
• small business management



 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   22
Book Topics for
Small Business Education
• technology                                                         •     business skills
  commercialization                                                  •     marketing
• invention                                                          •     human resources
• protecting intellectual                                            •     accounting
  property                                                           •     finance
• entrepreneurship &                                                 •     grants
  start-up
                                                                     •     wisdom & inspiration
• forms of business
• management & strategy
 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   23
Titles Given to Every Inventor
• Legal Guide for Starting &
  Running a Small Business
  (2006) by Fred S. Steingold
• Legal Forms for Starting &
  Running a Small Business
  (2008) by Fred S. Steingold
• The Ernst & Young Business
  Plan Guide (2007) by Brian R.
  Ford, Jay M. Bornstein, and
  Patrick T. Pruitt

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   24
Market Research
• help inventors determine market feasibility
• biggest and most used databases were assessed
• UT purchased Frost & Sullivan database




 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   25
Outcomes
• RGP staff and clients use library for book borrowing
  and as reading area
• Summer 2008
     – 11 clients
• Summer 2009
     –    21 clients
     –    8 graduates
     –    potential clients waiting for patents
     –    additional staff person

 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   26
Launch Graduates


medication therapy for chronic illnesses

                                                                                                critical test result communication

                                                   satellite detection of bacteria




                         thin film solar cells
                                                                        Seavival – emergency medical systems

  Academic Library and Economic Development Center Collaborate to Assist Local Inventors   27
References
• Federal Bureau of Investigation. (2008). Crime in the United States by Metropolitan
  Statistical Area, 2007. Retrieved from
  http://www.fbi.gov/ucr/cius2007/data/table_06.html
• Feyrer, J., Scaerdote, B., & Stern, A. (2007, July). Did the rust belt become shiny?
  A study of cities and counties that lost steel and auto jobs in the 1980s. Brookings-
  Wharton Papers on Urban Affairs, 8, 41-89.
• Mayer, M., & McCleary, M. (2010). State of the State: Two decades of weak job
  growth and skyrocketing government costs pose daunting challenges for Ohioans.
  Retrieved from The Buckeye Institute for Public Policy Solutions website:
  http://www.buckeyeinstitute.org/docs/2010StateoftheState.pdf
• Ohio Department of Job and Family Services. (2009). Lucas county profile.
  Retrieved from http://jfs.ohio.gov/county/cntypro/lucas.pdf


 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   28
References
• U. S. Bureau of Labor Statistics. (2010). Local area unemployment statistics: Lucas
  County, OH: unemployment rate. Retrieved from http://data.bls.gov/cgi-bin/dsrv?la
• U. S. Census Bureau. (2009). Annual estimates of the resident population for
  incorporated places in Ohio, listed alphabetically: April 1, 2000 to July 1, 2008
  (SUB-EST2008-04-39). Retrieved from
  http://www.census.gov/popest/cities/tables/SUB-EST2008-04-39.xls
• U. S. Census Bureau. (2010a). Lucas County, Ohio: 2006-2008 American
  Community Survey 3-year estimates: Data profile highlights. Retrieved from
  http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geo
  Context=&_street=&_county=lucas&_cityTown=lucas&_state=04000US39&_zip=&
  _lang=en&_sse=on&pctxt=fph&pgsl=010




 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   29
References
• U. S. Census Bureau. (2010b). Toledo city, Ohio: 2006-2008 American Community
  Survey 3-year estimates: Data profile highlights. Retrieved from
  http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geo
  Context=&_street=&_county=toledo&_cityTown=toledo&_state=04000US39&_zip=
  &_lang=en&_sse=on&pctxt=fph&pgsl=010
• Vey, J. S. (2008). Revitalizing America’s older industrial cities: A state agenda for
  change. In R. M. McGahey & J. S. Vey (Eds.), Retooling for growth: Building a 21st
  century economy in America's older industrial area (pp. 33-59). Washington, DC:
  Brookings Institution Press.
• Wolman, H. L., Hill, E.W., Blumenthal, P., & Furdell, K. (2008). Understanding
  economically distressed cities. In R. M. McGahey & J. S. Vey (Eds.), Retooling for
  growth: Building a 21st century economy in America's older industrial area (pp. 151-
  178). Washington, DC: Brookings Institution Press.


 Academic Library and Economic Development Center Collaborate to Assist Local Inventors   30

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Academic Library & Economic Development Center Collaborate to Assist Local Inventors - Julia A. Martin

  • 1. Academic Library and Economic Development Center Collaborate to Assist Local Inventors Julia A. Martin Business & Economics Librarian University of Toledo Libraries CALA Midwest Chapter Annual Conference Saturday, May 22, 2010
  • 2. Launch Business Development Library • proposed by the Regional Growth Partnership (RGP) - Northwest Ohio’s economic development center • to support the start-up and small business management needs of local inventors • to increase economic development Academic Library and Economic Development Center Collaborate to Assist Local Inventors 2
  • 3. Highest Percent of Distressed Cities • Ohio • Pennsylvania • New York (Wolman, Hill, Blumenthal, & Furdell, 2008) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 3
  • 4. Characteristics of Distressed Cities • to be in economically unhealthy metropolitan areas • to have lower levels of connectivity to global economy • to have a lower share of the metropolitan area population and employment • to have older transportation and communication infrastructures • to produce mature products • to be smaller Academic Library and Economic Development Center Collaborate to Assist Local Inventors 4
  • 5. Characteristics of Distressed Cities • to have residents with lower levels of education • to be in high-wage labor markets • to have high crime rates • to have a higher portion of residents who are not of labor force age • to have an out-migration of workers • to lack amenities such as restaurants, cultural institutions, and good overall appearance (Feyrer, Scaerdote, & Stern, 2007; Vey, 2008; Wolman et al, 2008) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 5
  • 6. Academic Library and Economic Development Center Collaborate to Assist Local Inventors 6
  • 7. Toledo’s Economic Difficulties • city population decreased 6% – 313,157 in 2000 to 293,201 in 2008 • violent crime rate 2.6 times the national average – 3,639 violent crimes per 100,000 people • 17.2% of population 25 years and older has a bachelor's degree or higher – national average of 27.4% (U. S. Census Bureau, 2009; Federal Bureau of Investigation, 2008; U. S. Census Bureau, 2010b) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 7
  • 8. Lucas County’s Economic Difficulties • closings of large manufacturing plants 14 12 10 • unemployment rate 8 Lucas increased 6 4 US – 6.4% in December 2007 2 – 10.1% in December 2008 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 – 12.2% in December 2009 (U. S. Bureau of Labor Statistics, 2010) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 8
  • 9. 14 13 12 11 Annual 10 US Unemployment Rate for Ohio 9 Illinois Indiana 8 Midwest States Iowa Kentucky 7 Michigan 6 5 4 3 2007 2008 2009 Academic Library and Economic Development Center Collaborate to Assist Local Inventors 9
  • 10. Academic Library and Economic Development Center Collaborate to Assist Local Inventors 10
  • 11. Lucas County’s Economic Difficulties • job losses between 2000 and 2008 – 34.3% (11,312 workers) of manufacturing jobs – 24.1% (2,846 workers) of construction jobs – 16.0% (8,142 workers) of trade, transportation, and utilities jobs – 15.8% (5,426 workers) of professional and business services jobs (Mayer & McCleary, 2010) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 11
  • 12. Lucas County’s Economic Difficulties • 17.4% of individuals lived below the poverty level during 2006-2008 • 22.1% of the population received food assistance in 2008 • 20.8% of residents enrolled in Medicaid in 2008 • 43.5% of children enrolled in Medicaid in 2008 (U. S. Census Bureau, 2010a; Ohio Department of Job and Family Services, 2009) Academic Library and Economic Development Center Collaborate to Assist Local Inventors 12
  • 13. Academic Library and Economic Development Center Collaborate to Assist Local Inventors 13
  • 14. Roles of Universities in Technology Transfer and Economic Development support the goals and growth of the city • provide well-educated graduates • support local businesses through consulting • support local businesses through job training Academic Library and Economic Development Center Collaborate to Assist Local Inventors 14
  • 15. UT Centers for Economic Development and Emerging Technologies • Intermodal Transportation Institute • Center for Photovoltaics Innovation and Commercialization • School of Solar and Advanced Renewable Energy • Center of Excellence in Advanced Renewable Energy and the Environment • Clean and Alternative Energy Incubator • Technology Business Incubator • Minority Business Enterprise Incubator • Nitschke Technology Commercialization Complex Academic Library and Economic Development Center Collaborate to Assist Local Inventors 15
  • 16. Roles of Academic Libraries in Economic Development • support faculty research – move from basic to applied sciences • support small business development – resource provision – resource training – patent searching Academic Library and Economic Development Center Collaborate to Assist Local Inventors 16
  • 17. New UT Products to Support Economic Development • GREENR (Global Reference on the Environment, Energy, and Natural Resources) • ASTM Standards (industry) • IHS Standards (military, federal, other) • journal subscriptions • Frost & Sullivan Academic Library and Economic Development Center Collaborate to Assist Local Inventors 17
  • 18. Regional Growth Partnership Goals • new business attraction • international trade development • venture funds • tech-based business development Academic Library and Economic Development Center Collaborate to Assist Local Inventors 18
  • 19. RGP's Launch Program promoting tech-based, start-up company success • business planning • financial planning and • technology validation projections • equipment for demonstration • grant writing • prototype build and • market analysis and research demonstration • marketing strategies • intellectual property • investment mentoring and management coaching Academic Library and Economic Development Center Collaborate to Assist Local Inventors 19
  • 20. Launch's Clientele • scientists, many with doctoral degrees • many faculty from regional universities • little theoretical or practical business experience Academic Library and Economic Development Center Collaborate to Assist Local Inventors 20
  • 21. Inventors’ Library Resource Needs • small business education • market research Academic Library and Economic Development Center Collaborate to Assist Local Inventors 21
  • 22. Small Business Education • business-conceptual to help entrepreneurs build a framework • business-practical to help entrepreneurs conduct business • small business startup practices • small business management Academic Library and Economic Development Center Collaborate to Assist Local Inventors 22
  • 23. Book Topics for Small Business Education • technology • business skills commercialization • marketing • invention • human resources • protecting intellectual • accounting property • finance • entrepreneurship & • grants start-up • wisdom & inspiration • forms of business • management & strategy Academic Library and Economic Development Center Collaborate to Assist Local Inventors 23
  • 24. Titles Given to Every Inventor • Legal Guide for Starting & Running a Small Business (2006) by Fred S. Steingold • Legal Forms for Starting & Running a Small Business (2008) by Fred S. Steingold • The Ernst & Young Business Plan Guide (2007) by Brian R. Ford, Jay M. Bornstein, and Patrick T. Pruitt Academic Library and Economic Development Center Collaborate to Assist Local Inventors 24
  • 25. Market Research • help inventors determine market feasibility • biggest and most used databases were assessed • UT purchased Frost & Sullivan database Academic Library and Economic Development Center Collaborate to Assist Local Inventors 25
  • 26. Outcomes • RGP staff and clients use library for book borrowing and as reading area • Summer 2008 – 11 clients • Summer 2009 – 21 clients – 8 graduates – potential clients waiting for patents – additional staff person Academic Library and Economic Development Center Collaborate to Assist Local Inventors 26
  • 27. Launch Graduates medication therapy for chronic illnesses critical test result communication satellite detection of bacteria thin film solar cells Seavival – emergency medical systems Academic Library and Economic Development Center Collaborate to Assist Local Inventors 27
  • 28. References • Federal Bureau of Investigation. (2008). Crime in the United States by Metropolitan Statistical Area, 2007. Retrieved from http://www.fbi.gov/ucr/cius2007/data/table_06.html • Feyrer, J., Scaerdote, B., & Stern, A. (2007, July). Did the rust belt become shiny? A study of cities and counties that lost steel and auto jobs in the 1980s. Brookings- Wharton Papers on Urban Affairs, 8, 41-89. • Mayer, M., & McCleary, M. (2010). State of the State: Two decades of weak job growth and skyrocketing government costs pose daunting challenges for Ohioans. Retrieved from The Buckeye Institute for Public Policy Solutions website: http://www.buckeyeinstitute.org/docs/2010StateoftheState.pdf • Ohio Department of Job and Family Services. (2009). Lucas county profile. Retrieved from http://jfs.ohio.gov/county/cntypro/lucas.pdf Academic Library and Economic Development Center Collaborate to Assist Local Inventors 28
  • 29. References • U. S. Bureau of Labor Statistics. (2010). Local area unemployment statistics: Lucas County, OH: unemployment rate. Retrieved from http://data.bls.gov/cgi-bin/dsrv?la • U. S. Census Bureau. (2009). Annual estimates of the resident population for incorporated places in Ohio, listed alphabetically: April 1, 2000 to July 1, 2008 (SUB-EST2008-04-39). Retrieved from http://www.census.gov/popest/cities/tables/SUB-EST2008-04-39.xls • U. S. Census Bureau. (2010a). Lucas County, Ohio: 2006-2008 American Community Survey 3-year estimates: Data profile highlights. Retrieved from http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geo Context=&_street=&_county=lucas&_cityTown=lucas&_state=04000US39&_zip=& _lang=en&_sse=on&pctxt=fph&pgsl=010 Academic Library and Economic Development Center Collaborate to Assist Local Inventors 29
  • 30. References • U. S. Census Bureau. (2010b). Toledo city, Ohio: 2006-2008 American Community Survey 3-year estimates: Data profile highlights. Retrieved from http://factfinder.census.gov/servlet/ACSSAFFFacts?_event=Search&geo_id=&_geo Context=&_street=&_county=toledo&_cityTown=toledo&_state=04000US39&_zip= &_lang=en&_sse=on&pctxt=fph&pgsl=010 • Vey, J. S. (2008). Revitalizing America’s older industrial cities: A state agenda for change. In R. M. McGahey & J. S. Vey (Eds.), Retooling for growth: Building a 21st century economy in America's older industrial area (pp. 33-59). Washington, DC: Brookings Institution Press. • Wolman, H. L., Hill, E.W., Blumenthal, P., & Furdell, K. (2008). Understanding economically distressed cities. In R. M. McGahey & J. S. Vey (Eds.), Retooling for growth: Building a 21st century economy in America's older industrial area (pp. 151- 178). Washington, DC: Brookings Institution Press. Academic Library and Economic Development Center Collaborate to Assist Local Inventors 30