February 12, 2025 Strategic Planning & Performance Measures Board of Trustees Meeting Roddrick D. Jones, Ph.D. MP, Division of Strategic Planning, Analysis & Institutional Effectiveness FLORIDA AGRICUETURALAND MECHANICAL UNIVERSITY FAMU 2030 Strategic Plan Timeline STATE UNIVERSITY SYSTEM OF FLORIDA May 2024 - Dec.2 2024 Summer Steering Sept 17-18, 2024 Retreat & Board Meeting 2024 Oct16, Board Workshop May 8, 2024 Board Meeting June 27-28, 2024 Board Meeting Committee met Mission & Vision Strategy Session Strategy Session Review Strategies Oct29-30,2024 Board Meeting November Stakeholder Review Dec 19, 2024 Board Meeting Areas & Initiatives Metrics & Goals Metrics & Goals FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! 2030 Mission STATE UNIVERSITY SYSTEM OF FLORIDA Previous New To provide undergraduate, graduate and professional education, research, and public service of the highest quality through a coordinated system of institutions of higher learning, each with its own mission and collectively dedicated to serving the needs ofa diverse state and global society. To serve the needs of our state and society by providing high-quality higher education, innovative research, and public service through a coordinated system of institutions, each with distinct missions, collectively advancing civic principles, fostering world-class talent, and propelling Florida's economic prosperity. FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! 2030 Values STATE UNIVERSITY SYSTEM OF FLORIDA Modeling Excellence Pursuing Integrity Knowledge Access & Transformative Innovation Collaboration Affordability FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! 2030 Strategic Priorities STATE SYSTEM UNIVERSITY OF FLORIDA Elevating Student One SUS Success Innovative Research & Economic Operational Excellence World-Class Talent Development FLORIDA AGRICULT MECHANIC Strike, and Strike Strike, Again! FAMU UNIVERSIT STATE UNIVERSITY SYSTEM OF FLORIDA The State University System of Florida (SUS) is comprised of 12 distinct universities, each with renowned areas of expertise, all collaborating as one System. Reputation. Everyone will understand the value and reputation of our System as one and what sets us aparti in the higher education market. Each university will be distinct but elevate the System's reputation. We willl leverage high-quality reputation rankings and consider developing our own We will measure the economic impact atu universities consistently and uset this to demonstrate the economic impact oft the System for the Governor, the Florida We will produce the return oni investment of our exceptional academic programs. Collaboration. We will demonstrate that as One SUS we are a comprehensive resource fori industry, the state, students, and faculty. We will be agile to the economy of Florida and the nation by demonstrating repeatable, scalable, and powerful ways to coordinate across the System. ONE SUS Legislature, and members oft the public. We willl leverage the power of collaboration across our System, including securing game-changing partnerships to elevate university operations, research, and student success. We willi identify and track collaborations ofc distinction and develop a Board Our System will coordinate to generate big ideas and develop functional roadmaps Together, we will coordinate engagement with business and industry. Our coordinated effort will be an unmatched resource that will support not only the success ofs students and our System but also Florida's economic development efforts. recognition program for System collaboration. ands solutions to execute collectively. FAMU Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA Areas of Expertise. Each state university will elevate areas of expertise and intentionally prioritize resources so that it will be the very best in those areas. Differentiating and excelling in these areas will bolster the reputation of the System and Florida. Nationally, our universities willl be known for their acclaimed students, faculty, awards, research, and outcomes ini these unique areas of expertise. Universities will identify world-class outcomes to support these areas. These should reflect quality outcomes and reputation int these areas, not just rankings. Universities ONE SUS should also be compared to their peers int these areas. Universities will attract the top-caliber faculty ini their fields, along with the top students ini these areas. Business and industry will recognize and utilize our universities for these areas of expertise. Our areas of expertise will support the state's business and economic development efforts. While universities willl have distinct areas, we will collaborate to share this expertise throughout the System. Universities will establish shared Centers of Distinction that could be leveraged by faculty and students throughout the System. FAMU Strike, Strike, and Strike Again! ONE SUS National Rankings STATE UNIVERSITY SYSTEM OF FLORIDA Metrics 2025 Plan Goal 2025 Baseline 2030 Goal Top State Top 10 Public Universities Top 25 Public Universities Top 50 Public Universities Top 100 Public Universities Top Public HBCU 1 1 2 1 2 4 6 1 1 2 4 5 8 1 1 Top 5 Public Liberal Arts College 1 FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA Our System serves as a national model of excellence for student success while providing high-quality education that is affordable and accessible. Modeling Excellence. The System's reputation for student success will serve as a model for excellence in defining the national standard of success. Our System will have the highest public four-year graduation rate all larger states and bei int thet top three of all states nationally. Our post-graduation outcomes will success in the workplace. We will emphasize degrees that are aligned with Florida's workforce needs and provide students with a positive return ont their investment. We will be transparent to students, parents, and alls stakeholders about the Our universities will bei innovative around efficient pathways to a degree. This includes innovative paths for undergraduates to achieve certain credentials and combination pathways for undergraduate and graduate programs. Access and Affordability. Our System will continue to provide and promote access and social mobility for both incoming first-time-in-college (FTIC) students and transfer students and will success for these students. affordable and accessible. We will be focused on minimizing undergraduate student Our System will be nationally recognized for four-year graduation rates for Pell students. Pell student four-year graduation rates and retention rates will bet the same We will uphold our commitment to 2+2 transfer students. Our System will seta a new standard for 2+2 student graduation rates, including elevating successful: 2+2 We will develop a social mobility index that reflects the value ofa degree and world- Elevating outcomes of our degrees. Student Success Our System will prioritize debt. to ensure our high-quality education is as all FTIC students. targeted pathway programs. class education from our System. FAMU Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA High-Skilled Graduates. We will recognize and elevate the key leverage points that propel students to acquire high-quality careers or pursue entrepreneurship opportunities. Elevating Every student will be encouraged and supported to participate in high-impact internships or experiential learning as part of their undergraduate education. We will encourage students to bei innovative and entrepreneurial in their experience Student Success within our System. We will develop consistent definitions and best practices for non-degree credentials and pathways to meet workforce needs. FAMU Strike, Strike, and Strike Again! Elevating Student Success STATE UNIVERSITY SYSTEM OF FLORIDA FAMU AY2023-24 (preliminary) 41% 86% 70% $45,800 1of4 N/A 49% 549(B)/52%(G) Metrics 2025 Plan Goal 65% 90% 80% $50,000 2025 Baseline 62% 89% 74% $43,200 310f39 Above 29% (low est.) 77% (3rdin Nation) TBD 2030 Goal 70% 92% 85% $60,000 Top Decile/Top inFL 40-60% 85% (83%is current #1) TBD FAMUYOY +6 +5 +3 +$2,100(5%) N/C N/A +2 N/C 4-year Grad Rate (PBF4 4) Academic Progress Rate (PBF 5) %Employed or Enrolled $40k (PBF1) Median Wages Bachelor's(PBF2) Exam (First -Time Pass Rates) %of undergrad students participating in internships or experiential learning %of undergrads without loans (annual) %of Bachelors/Graduate in Programs of Strategic Emphasis (PBF6&8)* Transfer Student Outcomes FCSAATransfer 3-year Grad Rate (PBF Pell Student Outcomes 4-year Grad Rate Pell students Access Rate (Modified: %0 of new FTIC falle entering students) Professional Licensure & Certification Above Benchmarks N/A N/A 50% 62% 62% 72% 59% -1 ga) 58% 54% 30% 70% 35% 40% 19% +8 30% (all univ.) 19% *Ther new Programs of Strategic Emphasisl list wasi implementedi int thez 2024- 2025 academic year. New goals willbed determined! byt the Board Improving *No Significant Change +Declining N/C= No Change FLORIDA AGRICULT UNIVERSIT FAMU MECHANIC Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA Our System is committed to being exceptional stewards of state resources and upholding the highest standards of integrity by continually identifying best practices and areas for improvement. Financial Health & Integrity. The System will continue its strong financial health and prioritize long-term financial stability. The System will continue to perform well no matter the financial cycle. The System will maintain top-tier investment-grade financial ratings and sustain The System will minimize financial audit findings and maximize risk controls. Optimizing Funds. Our universities willi identify best practices by continually reviewing and identifying areas to optimize funds. The System will be recognized by the Governor, the Florida Legislature, and the nation as outstanding stewards of state and federal funding. Operational strong financial principles. Excellence The System will develop an action plan and model of efficiency by reviewing costs, identifying inefficiencies, and re-prioritizing funds. This includes optimizing technology, facilities and campus land utilization. The Board will leverage shared services to improve coordination, efficiency, and use Universities will continue to examine the use of public-private partnerships when itis Universities will look for innovative approaches to prioritize resources. of resources. int the best interest of the university and state. FAMU Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA Our System boasts top-tier faculty who relentlessly pursue knowledge and produces world-class graduates who secure positions ati iconic companies around the globe. World-Class Faculty. Our world-class faculty will deliver nationally recognized academic programs that are responsive to the needs of business and industry, conduct research that solves problems critical for Florida, and drive innovation that pushes the state's economy to new heights. We will prioritize the recruitment and retention of world-class facultyt to propel our universities to ther next echelon. Universities will convey! how these individuals have positioned thei institution for greater success and recognize them for excellence We will prioritize the recruitment and retention of world-class staff. These staff are collaborative individuals who support areas of expertise, student success, research, and operational excellence. Universities will convey how these individuals have World-Class achieved att the highest level. Talent contributed to the institution's success. World-Class Graduates. Our System will be at top producer of world-class talent. Iconic companies across different sectors will prioritize hiring our The Board willi identify the top brands and companies in each sector and the target market oft these employers. The System will launch innovative initiatives that promote new or enhance existing relationships between these iconic companies We will track how our Systemi is meeting Florida's workforce needs by developing ar new dashboard that compares degrees awarded to workforce demand. We will partner with the business community tor measure the reputation ofo our graduates according tot top Florida employers. Our curriculum will be innovative and adaptive to align with employer needs. Universities will developa plani for the active engagement ofi industry advisory graduates. and our universities. councils for degree programs. FAMU Strike, Strike, and Strike Again! Operational Excellence STATE UNIVERSITY SYSTEM OF FLORIDA Metrics 2025 Baseline Highest $214.8M Minimum 40 hours/week and 60% Occupancy 2030 Goal TBD TBD Financial Ratings Shared Services Cost Savings Space Utilization TBD World-Class Talent Metrics 2025 Plan Goal 2025 Baseline 2030 Goal Faculty Awards 75% 75% 66% 71% TBD* 80% National Academy Members *The Board wille evaluate datas sources and determine agoal fort this metric. FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! STATE UNIVERSITY SYSTEM OF FLORIDA Our System conducts innovative research that tackles crucial, life-altering challenges, transforms communities, and serves as an economic driver for our state. Leaders in Research. Our research will continue to be nationally recognized and address key, life-changing problems. We will consistently measure the economic impact of research at our universities and use this to demonstrate the economic impact oft the System. We will identify the top research areas for the System, which also includes the We will be recognized nationally for our research productivity. We will increase our Innovative university areas of expertise. Research & national ranking for research expenditures. Economic Innovation Transforming Florida's Economy. Our research will translate into economic development advancing Florida's economy. Commercializing research and developing new companies will be a priority. Our research will lead toi increased jobs, products going to market, and revenue for Universities will collaborate to develop best practices around research Business and industry will rely on universities to solve problems with modern solutions. We will explore a statewide model for facilitating research collaboration between our System and business and industry throughout the state. Development Florida. commercialization for the System. FAMU Strike, Strike, and Strike Again! Innovative Research & STATE UNIVERSITY SYSTEM OF FLORIDA Economic Development Metrics 2025 Plan Goal 2025 Baseline $2.929B 395 28 2030 Goal $3.75B 425 100 500 Total Research Expenditures Patents Awarded $3B 410 60 Number of Start-Up Companies Created Number of Licenses & Options Executed Annually 500 450 Research Expenditures with Business & Industry $79M $120M Federal Research Expenditures $1.39B 1in Top25 2in Top50 5in1 Top 100 $1.75B 1in Top 10 3in1 Top5 50 5in Top 100 Research Expenditure Rankings (#i in Top 25,50,100) FLORIDA AGRICULT FAMU MECHANIC UNIVERSIT Strike, Strike, and Strike Again! "Boldly Striking" Strategic Priorities STUDENTSUCCESS Ranking in the top-tier of SUS peers on performance outcomes ACADEMIC EXCELLENCE Innovative academic programs that address workforce needs LEVERAGE THE BRAND Elevated rankings, reputation, and impact LONG-TERMI FISCAL HEALTHAND SUSTAINABILITY Broader array ofi funding sources to support our strategici initiatives ORGANIZATIONALI EFFECTIVENESSAND TRANSFORMATION Optimized operations through enhanced processes and innovation FLORIDA MECHANICAL UNIVERSITY FAMU Strike, Strike, and Strike Again!