SSTI Digest

Four recipients selected as best practice models in technology-based economic development were honored during an awards ceremony last week in Cleveland during SSTI's 12th Annual Conference. The awards follow a national competition emphasizing impact and replicability in approaches to building and sustaining tech-based economies. "A crucial component to growing the nation's economy is supporting programs that are successful in developing and implementing initiatives that create high-paying jobs and provide U.S. businesses with the tools they need to compete in the global economy," said Dan Berglund, SSTI President and CEO. "This year's award recipients have generated significant returns for local, state and regional economies, each having an impressive story to share."  The following recipients were selected to receive the Excellence in TBED Award for 2008: Maryland Technology Transfer Fund - Commercializing Research Category A program of the Maryland Technology Development Corporation (TEDCO), the Maryland Technology Transfer Fund supports product development in early-stage companies by providing funds to defray the…

Complete descriptions of these opportunities and others are available at: http://www.ssti.org/posting.htm. The Kansas Bioscience Authority is seeking someone to serve as the director of Heartland BioVentures (HBV). The position is responsible for working with HBV's leadership to develop and sustain a robust pipeline of fundable bioscience companies by implementing a technical and business assistance activity following consultative evaluation of investment opportunities.  The best candidates will have substantial business development experience, a proven record of success in a start-up environment and/or investment firm, and experience working in one or more facets of the bioscience industry.  Experience working with boards of directors and/or advisors is preferred as is experience in the bioscience sector. Penn State, Office of Economic and Workforce Development, recently announced two position openings: Director Economic Engagement Initiatives. This position will engage with communities and organize University resources in support of transformative regional engagements; coordinate major statewide initiatives in economic development; facilitate…

Several bills from the 2008 legislative session were signed into law by Gov. Ed Rendell during the past two weeks, including the fiscal year 2008-09 budget, providing enhancements to K-12 programs encouraging science, technology, engineering and mathematics (STEM) and a measure to significantly expand the Keystone Opportunity Zone (KOZ) tax incentive program.   Last week, Gov. Rendell signed SB 1412 into law enabling the Pennsylvania Department of Community and Economic Development (DCED) to designate up to 15 new zones, allow for expansion of existing zones, and extend the expiration dates of existing unoccupied parcels. The KOZ program was created in 1999 and provides state and local tax incentives to businesses that develop old industrial sites and underused areas. DCED also will receive $50.7 million in general funds from the FY 2008-09 budget for the Ben Franklin Technology Development Authority Fund -- $1 million less than last fiscal year and $15.1 million for the Manufacturing Extension Partnerships Industrial Resource Centers, down from $15.2 million in FY08.   Lawmakers supported several of Gov. Rendell’s STEM proposal’s…

This afternoon, Pennsylvania Gov. Edward Rendell signed a $650 million package of tax incentives, loans and grants to spur the development and use of clean energy technologies within the state. The governor believes that the bill will help the state leverage as much as $3.5 billion in private investment and help the state build a stronger clean energy industry. Highlights from the Alternative Energy Investment Act include: $165 million for loans and grants that support alternative and renewable energy projects conducted by businesses and local governments; $100 million for loans, grants and rebates covering up to 35 percent of individual and small business costs incurred by installing solar energy systems; $40 million for an alternative energy development program under the Ben Franklin Technology Development Authority, which will support early-stage research, incubator support services and other business assistance; $20 million for wind and geothermal energy projects; $80 million for grants and loans related to solar energy production projects; and, $50 million for an alternative energy production tax credit equal to 15 percent of the cost of eligible energy production…

The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced Ben Franklin Technology Partners (BFTP) as the winner of the "Excellence in Technology-led Economic Development" award, as part of EDA's Excellence in Economic Development Awards 2008. BFTP, created in 1983, has regional offices in Lehigh Valley, Philadelphia, Pittsburgh and State College. Janet Harrah was named the director of a new center being started at Northern Kentucky University that is similar to Wichita State University's Center for Economic Development and Business Research, where Harrah will remain director until July 25. Peter Hermann resigned as president of the North Carolina Technology Association. Robert McGrath, currently senior vice president for research at Ohio State University, will help lead global laboratory operations at Battelle, starting in August 2008. No official title has been developed for McGrath's new position, which will emphasize development in energy policy and sources of renewable energy. J.D. Stack was selected to replace Oleg Kaganovich as chief executive of the Sacramento Area Regional Technology…

In the midst of a national economic downturn, coupled with stagnant to little growth in wages for even college-educated individuals, state efforts to build a qualified workforce and attract industries in emerging fields that pay above-average wages are crucial to ensuring economic growth.   A recent report on income trends issued jointly by the Center on Budget and Policy Priorities and the Economic Policy Institute finds that one in five U.S. families has a lower income today than they did at the start of the decade. Analyzing state-by-state income trends over the past 20 years, the report also finds a long-standing trend of growing inequality between families in the wealthiest income bracket and those in the middle- to lower-income brackets. In fact, while incomes have declined by 2.5 percent among the bottom fifth of U.S. families since the late 1990s, the data indicates that incomes have increased by 9.1 percent among the top fifth. Wage inequality is listed as the top contributing factor to the income disparity. An examination of income trends since the late 1980s through mid 2000s reveals that in 36 states, the income gap has widened…

A complete description of this opportunity is available at http://www.ssti.org/posting.htm. Ben Franklin Technology Partners of Southeastern Pennsylvania, a nonprofit economic development organization created to stimulate economic growth through technological innovation, is seeking a vice president to lead its Technology Commercialization group in the Physical Sciences. This position will be responsible for developing strategic and operational plans and cultivating regional partnerships and initiatives with key personnel at universities, companies, government and private research institutions, and other key institutions. A Bachelor of Science degree in engineering or science related to the physical sciences is required. Candidates also should have at least 10 years of private sector experience in a related field.

The Beaver County (Pa.) CO-OP announced it will change its name to StartingGate. The incubator will continue to assist entrepreneurs and new business start-ups and help expand existing businesses. Joe Dedman was chosen as the first executive director of the Southeast Indiana WIRED. Brian DuBoff was named the director of Maryland's southern region Small Business Development Center, which is hosted by the College of Southern Maryland. Barbara Goodman has joined the Illinois Biotechnology Industry Organization as its executive director. Mark Long has stepped down as the CEO of the Indiana University Research and Technology Corp. Robert McMahan Jr., the North Carolina governor's senior adviser for science and technology and executive director of the North Carolina Board of Science and Technology, has left those posts to become dean of Western Carolina University's Kimmel School of Construction Management and Technology. The Oklahoma Bioscience Association announced its launch. Tracey van Niekerk has been selected as the new life sciences coordinator for the Economic Development Corporation of Wayne County, Indiana. Van…

Across the nation, policymakers, business leaders, private foundations and nonprofit groups are investing in science, technology, engineering, and mathematics (STEM) graduates to maintain a competitive U.S. workforce. From middle school math and science labs to engineering-centered summer camps and tuition reimbursement for undergraduates who pursue these fields, there is widespread support for STEM graduates.   The authors of a recent report from the national campaign Skills2Compete argue that while increasing the number of scientists and engineers is critical for the U.S. to remain a globally competitive force, researchers are underestimating middle skill job prospects and find that investments in these areas will likely generate important returns for the U.S. economy.   Refuting the notion that America’s labor force is increasingly comprised of very low and very high skilled jobs with a hollowing out in the middle, the report, America’s Forgotten Middle-Skill Jobs, calls for greater public investment to develop workforce education and training for jobs in the middle-skill range. Described as jobs requiring more than…

Several months of debate leading into a special legislative session late last year was not enough to convince lawmakers to approve funding for two of the governor’s major TBED priorities. With the release of the fiscal year 2008-09 budget recommendation, Gov. Ed Rendell is again asserting the importance of the alternative energy legislation and the Jonas Salk Legacy Fund, urging lawmakers to quickly enact the initiatives.   The alternative energy legislation calls for an $850 million bond issue securitized by an electric power public benefits charge to fund energy independence programs (see the Feb. 12, 2007 issue of the Digest). Additionally, the governor’s budget recommends $500 million – a portion of the state’s Tobacco Settlement Fund – in seed funding for the Jonas Salk Legacy Fund for biosciences research, biotechnology commercialization and investment capital.   The governor’s recommendation for the Ben Franklin Technology Development Authority Fund is nearly a $3 million less than last fiscal year. No funding is recommended for assistive technology ($500,000 decrease), telecommunications infrastructure ($6…

While many universities offer business plan competitions and programs in entrepreneurship and commercialization, fewer opportunities are available to learn about the capital side of the equation. Last week, however, two major conferences invited students to learn more about venture capital (VC) investment and emerging trends in the venture industry.   The Wharton School of the University of Pennsylvania's student-run Private Equity & Venture Capital Conference hosted a day of discussions about developments in the venture capital field. More than 900 industry leaders, alumni, faculty and students met for the 14th annual conference to discuss changes in legislation and the regulatory environment for venture investors and the expanding global-orientation of investment.   Students were able to meet and talk with national and local venture professionals and to learn about how venture firms respond to change. The conference included panels on how federal and state governance can affect the competitiveness of U.S. private capital and on how capital firms can thrive despite downturns in the overall economy.  …

George Burrell resigned as president and CEO of Innovation Philadelphia. Kelly Lee, the organization's executive vice president, is running day-to-day operations until Burrell's successor is named.