FRIDAY, JANUARY 29, 2010

GLOBAL MIDWEST BREAKFAST PROGRAM

ADVANCE REGISTRATION IS NOW CLOSED. PLEASE REGISTER AT THE DOOR.

TURNING UP THE HEAT: HOW VENTURE CAPITAL CAN HELP FUEL THE ECONOMIC TRANSFORMATION OF THE GREAT LAKES REGION

Release of Brookings Institution Metropolitan Policy Program report on Great Lakes Venture Capital Building

Frank Samuel, Principal Author, Turning Up the Heat; former science advisor to Ohio Governor Bob Taft
John Austin, Codirector, Great Lakes Economic Initiative, The Brookings Institution
Presided by Richard C. Longworth, Senior Fellow, The Chicago Council on Global Affairs

Join The Chicago Council for the release of a new Brookings Institution report outlining a strategy for attracting and retaining venture capital investment in the Midwest. The report documents the region’s significant Midwest and Great Lakes contributions to national innovation through high levels of R&D and patenting, as well as science, engineering and management talent generation. But it also shows that the region receives only a very small percentage of total U.S. venture investments. As a result, many emerging firms leave the region due to lack of capital, creating venture-backed firms and new jobs elsewhere. This report follows Brookings’ 2006 Vital Center analysis of the Great Lakes economy. It offers a call to action for Great Lakes and Midwest Governors, Midwestern Legislators, private sector financial leaders, and philanthropic, civic, business, university and economic development leaders.

	Frank Samuel, principle author of Turning Up the Heat, recently served as science and technology advisor to Ohio Governor Bob Taft, where he was a principal architect of Ohio’s Third Frontier Project, which encouraged economic development through support of applied research, technology commercialization and early stage capital creation. He serves on the national advisory council of the California Health Benefits Review Program and the board of the Global Cardiology Innovation Center of The Cleveland Clinic. He chairs the board of Providence Hospital in Washington, D.C.
	As a non-resident senior fellow with the Brookings Institution, John Austin was the primary author on the Great Lake Economic Initiative’s report The Vital Center: A Federal State Compact to Renew the Great Lakes Region. He currently serves as vice president of the Michigan State Board of Education. He also served as policy director for Michigan’s Commission on Higher Education and Economic Growth.
	Richard Longworth is senior fellow at The Chicago Council on Global Affairs and author of Caught in the Middle: America’s Heartland in the Age of Globalism. Longworth joined the Council in 2003 as executive director of Global Chicago. Before that he was a senior correspondant for the Chicago Tribune, a foreign correspondent for twenty years and a two-time finalist for the Puliter Prize. He has served as distinguished visiting scholar at DePaul University and  an adjunct professor of international relations at Northwestern University.

The Chicago Club
81 East Van Buren
Chicago, IL 60605
Business attire is required.

7:30 a.m. Registration
8:00 a.m. Presentation and discussion
9:15a.m. Adjournment

Members  $25
Nonmembers  $35

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