One Vision for
Florida’s Future
Complete report available @
www.NewCornerstoneOnline.com
Briefing re: Florida’s Innovation Caucus
August 2008 - www.NewCornerstoneOnline.com
Florida’s Innovation Summit
“Innovation is the creation of
value through the adoption &
exploitation of new ideas
throughout the economy”
Florida’s Transition to an Innovation Economy
I N 2030
TODAY
CLUSTERS OF HIGH
W AGE, HIGH VALUE
BUSINESSES IN FLORIDA
Cluster Builders
C LUSTERS OF HIGH
WAGE, HIGH V ALUE
B USINESSES IN F LORIDA
Research & Development
Commercialization Assets
T ODAY’S
C LUSTERS
NEW
C LUSTERS
IN 2030
IN 2030
Startups & New Firms
Risk Capital
Ind.-Academic Partnerships
Life
Science
Aviation,
Aerospace
& Space
Other
Life
Science
Trade
Tourism
Info.Tech:
Photonics
Digital Media,
MST
Homeland
Security
Financial
& Defense
& Prof
Entrepreneurial Programs
Business Climate & Incentives
Other
Talent Builders
Svcs
Higher Education
F LORIDA’S P OOL OFT ECHNICALLYS KILLED,
H IGHLY E DUCATED AND T ALENTEDP EOPLE
Trade
Tourism
Info.Tech:
Photonics
Digital Media,
MST
New
Cluster
New
Cluster
New
Financial &
Cluster
Professional
Services
Aviation,
Homeland
Aerospace
New
Security &
& Space
Cluster
Defense
Technical Education
Workforce Education
Pre-K-12 Education
FLORIDA’S POOL OF TECHNICALLY SKILLED,
HIGHLY EDUCATED AND TALENTED PEOPLE
Clean
Tech
New
Cluster
New
Cluster
New
Cluster
Where Are We Today in Achieving Quality Growth?
Indicator
High Quality
Economy
Wages
High Wage Employment
Productivity
Where Are We Today? Where Do We Need To Be By 2030?
generally among
bottom half of states
among the top 10 states
Universities
Talent Builders
Community Colleges
Workforce
generally among the
bottom 20 states
among the top 15 states
K-12
R&D
Innovation Cluster Commercialization Assets
Builders
Startups & New Firm
Formation
Risk Capital
among the
bottom 15 states
among the top 10 states
middle of the pack
among the top 10 states
among top 10 states
among the top 5 states
middle of the pack
among the top 10 states
Where Are We Today in Achieving Quality Growth?
WAGES
HIGH WAGE EMPLOYMENT
PRODUCTIVITY
Employment in High Wage
Average Annual Wage
Occupations as a % of Total
GDP Per Employee
Employment
Level
Rank
Level
Rank
Level
Rank
Florida
$ 38,485
23
24.2%
40
$ 89,726
25
California
$ 48,345
5
29.6%
8
$ 111,420
6
Massachusetts
$ 52,435
3
34.0%
1
$ 105,659
10
New York
$ 55,479
1
30.6%
4
$ 121,234
4
North Carolina
$ 37,439
27
26.0%
27
$ 94,446
17
Texas
$ 42,458
12
27.3%
18
$ 107,424
8
Virginia
$ 44,051
9
30.3%
5
$ 101,545
14
$ 42,536
-
27.5%
-
$ 98,744
-
U.S.
Where Are We Today in Achieving Quality Growth?
TECHNICAL
WORKFORCE
EDUCATION
EDUCATION
Associate's
Individuals in
HIGHER EDUCATION
PRE-K-12 EDUCATION
Bachelor's
Public HS
Master's
Doctorate
STEM
Degree
Quality
Averaged
Degree
Degree
Doctorates
Degree
S&E Occupations
Production Rate
Counts K-12
Freshman
Production
Production
per 100,000
Production
as Share of
Achievement
(degrees per
Graduation
Rate
Rate
18-44
Rate
Workforce
Index Score
100,000 18-44)
Rate
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Florida
1,082
42
372
37
45
22
18.1
34
982
3
2.83%
34
64.6%
44
75.2
7
California
1,038
44
385
36
46
21
23.1
23
637
22
4.29%
10
74.6%
33
64.8
38
Massachusetts
1,915
6
1135
1
122
1
76.0
1
454
43
6.14%
2
78.7%
22
85.2
1
New York
1,518
18
865
3
61
11
28.6
13
781
10
3.38%
23
65.3%
43
71.9
18
North Carolina
1,181
37
365
38
42
24
25.8
20
574
29
3.27%
29
72.6%
39
66.7
32
985
46
349
42
34
36
17.7
35
469
42
3.74%
14
74.0%
35
72.6
13
Virginia
1,304
29
451
24
53
15
26.1
18
538
33
6.49%
1
79.6%
18
76.2
6
U.S.
1,308
-
523
-
49
-
25.6
-
628
-
3.72%
-
74.7%
-
69.4
-
Texas
Where Are We Today in Achieving Quality Growth?
R&D
COMMERCIALIZATION ASSETS
RISK
FORMATION
CAPITAL
University Licenses
Net High Tech
Patents per
R&D as % of
and Options
University Start-
PARTNERSHIP
Industry Financed
Bus. Formations
Academic R&D per
per $1,000 of
Executed 2001-
ups 2001-2005
as a % of All Bus.
Farm Employees
$1 million of state
State GDP
2005
Level Rank
ACADEMIC
VC Disbursed
100,000 NonState GDP
INDUSTRY-
START-UPS & NEW FIRM
Estab.
GDP
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Level
Rank
Florida
0.9%
42
32
31
461
14
73
9
0.36%
3
$0.44
21
$171
19
California
4.0%
8
148
2
2317
1
231
1
0.13%
26
$7.28
2
$166
21
Massachusetts
5.6%
3
124
4
1337
2
176
2
0.09%
33
$8.51
1
$390
3
New York
1.5%
31
65
14
1029
5
119
4
0.14%
25
$1.26
14
$158
24
North Carolina
2.1%
23
49
23
907
6
99
6
0.24%
10
$1.36
10
$542
1
Texas
1.6%
29
62
16
1080
4
107
5
0.08%
38
$1.30
13
$170
20
Virginia
2.4%
16
30
34
527
13
64
12
0.45%
2
$1.06
17
$109
38
U.S.
2.6%
-
66
-
-
-
-
-
0.16%
-
$1.98
-
$185
-
Landscape requires coordinated, focused action
Impact on Performance
Project
F
Project A
Project C
Project B
Project E
Project D
Risk Horizon
Focused but
Effective
Action
What is Florida Doing?
 Strategic Plan - EFI
 Florida Research Consortium
 Florida Venture Forum
 R&D Tax Exemption
 Innovation Initiative Fund*
 Centers of Excellence*
 Closing Fund
 Opportunity Fund
 The 21st Century Technology, Research and Scholarship Act
 Institute for the Commercialization of Public Research
 State Board of Administration 1.5% investment authorization
 Local and Regional Initiatives
* not funded in 2008
Florida High Tech Corridor Council
www.FloridaHighTech.com
Prosperity
Vibrant Communities
Quality of Life
Governance
Business Climate
Infrastructure
Innovation
Talent
Global Leadership
Enterprise Florida
Florida Council of 100
Tax Watch & Council of Economic
Advisors
Century Commission for Sustainable
Florida
James Madison Institute
Innovation Caucus
Workforce Florida
OTTED
Agency for Workforce Innovation
Department of Education
State University System
Florida Chamber
Florida Chamber Foundation
Measuring Florida’s Performance
Dashboard
to Track
State and
Regional
Metrics
************
Save the Date
October 6&7
www.FloridaChamber.com
www.FloridaChamber.com
850.521.1200
www.NewCornerstoneOnline.com
State of the State Summit
October 6-7, 2008
Renaissance at SeaWorld