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5 > Image 5 of Minutes of the University of Kentucky Board of Trustees, 2011-02-22

Part of Minutes of the University of Kentucky Board of Trustees

-5- UK Reduces Carbon Footprint with $25 Million Retrofit President Todd called to the attention ofthe board that this $25 million proj ect had been brought to them before. He remarked on the numbers involved that UK will save and the reduction in our carbon footprint by 23,000 tons of carbon dioxide. He lauded our effort to be green. UK Libraries to House Georgia Powers Papers UK Libraries will house the important papers and oral history interviews related to former Kentucky State Senator Georgia Powers, the first African American and the first woman to hold a seat in the Kentucky Senate. UK will also house an endowed chair in her name at the Center for Research on Violence Against Women. The president recently met with Senator Powers when she was on campus. He found her to be a dynamic lady and welcomes her papers and oral history interviews to the university. UK Ranks First for Creating Start-up Companies for Third Consecutive Year UK-Affiliated Companies Attract 60 Percent of $65 million in Venture Funding The president pointed out that these two items are linked. UK is number l among 20 benchmark universities, which include University of Wisconsin Madison, University of Arizona, University of Maryland, University of Michigan, University of Illinois, The Ohio State University, and University of Florida, in the number of start-up companies created by its faculty, staff; and students according to a recently released report by the Association of University Technology Managers. During fiscal year 2009-20l0 UK eamed $2.2 million is gross licensing income and managed l62 total licenses. In addition, UK is well-known for attracting large amounts of venture capital. The university has celebrated each year since 2005 the amount of new capital that is invested in early-stage companies in this region, figures based on an annual survey by the Lexington Venture Club. In 20l0, $65 million was attracted to the Bluegrass region, and UK-affiliated ventures received 60 percent of that money. The 89 early-stage companies that participated in the survey reported having an average full-time salary of $63,485 for the 748 people employed full time in these finns. In 20l0, these finns hired 240 people for newly created jobs. UK Center Awarded $5.5 Million Grant to Examine Childhood Hunger The U.S. Department of Agricultures (USDA) Food and Nutrition Service is looking to the University of Kentuckys Center for Poverty Research (UKCPR) for help in devising effective strategies to confront the problem of childhood hunger. UK Gatton College Professor James Ziliak, Gatton Endowed Chair in Microeconomics and director of UKCPR, and Craig Gundersen, associate professor of agricultural and consumer economics at the University of Illinois, have been awarded a five-year, $5.5 million grant to establish aResedrch Program on Childhood Hunger. The program to be funded through this grant is soliciting extemal research projects through UKCPR. When completed, Ziliak and Gundersen, as co-principal investigators, will review the findings and make recommendations to the USDA. Student Government Launches Cats Cruiser President Todd asked Ryan Smith, Board member and Student Government Association president, to give statistics on the Cats Cruiser program which was recently launched as a new initiative to aid student safety while supporting existing community transportation efforts. The program was launched at the beginning of 20ll and in the first three weeks had l,500 riders.