The Office of Research & Economic Development is a centralized administrative unit facilitating the scholarly and research enterprise at LSU.
“This study shows that LSU’s positive economic impact continues to increase with every passing year,” said LSU Chancellor Michael Martin. “Despite the current state funding crisis we are facing, LSU continues to generate jobs and bring in money that helps to keep the Baton Rouge area and all of Louisiana moving forward. This university is vital to the economic health of our state.”
The primary analysis includes a thorough study of student spending and university budgetary expenditures, and considers how these two large spending components would be allocated across industries.
“Our results show how the spending by students and the university impacts each major industry category. We have calculated total output/sales impact, total wages impact and total earnings impact for each industry,” said Barnes. “LSU’s impact in these areas is quite impressive.”
Facilitates university-wide partnerships with corporations and private foundations in all areas that add value to these organizations and the flagship university in terms of recruiting, research, education, outreach, employee training, environmental action, and marketing.
Louisiana Business & Technology Center (LBTC) houses more than two dozen small businesses as tenants in our business incubator and have counseled thousands of entrepreneurs and small businesses in the state through various initiatives. Among these programs are our Technology Transfer Office, Mobile Classroom, and International Trade Counseling. Additionally, we operate the LSU Student Incubator to aid younger entrepreneurs who are still in school with their burgeoning businesses.
Since we were established in 1988, we have endeavored to enhance economic development in Louisiana through the support of existing small businesses and the development of new businesses. Our success as a proving ground for technology applications and utilization and as a facilitator of the formation and growth of small businesses has been recognized often over the years.
In 2005, the National Business Incubation Association (NBIA) named us the Randall M. Whaley Incubator of the Year. Four years later, we received the 2009 Economic Development Administration Excellence in Economic Development Award for Rural Economic Development, recognizing the tremendous service the Mobile Classroom provides. These two awards, however, only represent a small sampling of the honors that we have garnered collectively and as individuals.
LSU’s Financial Conflicts of Interest (FCOI) Policy Statement 98 (PS-98) has been revised to comply with new Public Health Service (PHS) FCOI regulations, which go into effect on August 24, 2012. The Office of Research & Economic Development (ORED) is using the revised policy as the guide for ensuring compliance with the new regulations.
The Policy continues to incorporate the guidelines of the National Science Foundation (NSF) which have not been updated at this time, and shall also now apply to other agencies requiring disclosure of Significant Financial Interests of Investigators.
It is important to know that the Investigator is defined in the federal regulations as any individual responsible for the design, conduct, or reporting of the sponsored research, including but not limited to PI, CoPI, postdoctoral associates, graduate students, collaborators or consultants.
LSU Academy of Scholars is committed to recognizing outstanding excellence in scholarship and in creative achievement of the faculty members at Louisiana State University. The Academy’s founding purpose was and has remained to raise the scholastic prestige of the university by bringing the most prominent academic experts to campus and to create a community of scholars from among its most celebrated researchers.
April 20, 2010, marked the beginning of what would be classified as the worst technological disaster in U.S. history. The onset of the Deepwater Horizon drilling rig fire and the subsequent oil leak on the seabed approximately one mile below the surface of the water, kicked off an emergency response effort of immense proportions. Private industry and federal agencies coordinated efforts to contain the damage at sea, while back on land, various entities were scrambling to play a role in the emergency response.
The size of this disaster and the complexity of the problems involved automatically limited the major interests that would come into play. As it turns out, Louisiana State University (LSU) would end up occupying a unique and central role in research and community outreach. This is mostly because Louisiana suffered the brunt of the damage related to this disaster. The Macondo well disaster, located off of the 20 Louisiana coast, caused oiled shorelines and, because the economy of this coastal region is heavily dependent on the oil and seafood industries, its residents became intensely distressed. But as fate would have it, as a public land-, sea- and space-grant institution and as Louisiana’s flagship university, LSU had both unique assets and obligations that fostered an unprecedented research and outreach response to the disaster.
In the pages that follow, the mobilization of these assets in response to this national disaster is chronicled. The coordination efforts to facilitate scholarly work related to the spill, the communication efforts to ensure timely and accurate sharing of information, the science behind the spill, and the lessons learned from this truly incredible experience are conveyed to the reader to both preserve this moment in time and to guide those who find themselves facing adversity in the future. The volume closes with a set of vivid reflections from key players who were instrumental in fostering the response.
An emergent theme of this volume is that there simply is no other type of institution in American society that is capable of launching such an enormous research and outreach effort. World-class research universities like LSU have assets and expertise across a spectacular array of scholarly fields. The LSU community put this expertise to good use and responded to this challenge with incredible determination and commitment. We hope that the residents of Louisiana and our alumni all over the world have a chance to read this volume and hear the tale of how LSU, their University, proactively responded to this incredible challenge.