For three decades, the SSTI Digest has been the source for news, insights, and analysis about technology-based economic development. We bring together stories on federal and state policy, funding opportunities, program models, and research that matter to people working to strengthen regional innovation economies.

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Pennsylvania Tobacco Settlement may include VC, Research

Pennsylvania Governor Tom Ridge has proposed that 15 percent of the Commonwealth’s expected $11 billion tobacco settlement monies be directed toward health-care related research and venture capital. Pennsylvania anticipates receiving between $397 and $459 million each year for the next 25 years.

Governor Ridge recommended ten percent of the settlement be spent on broad-based health research with funding targeted to Pennsylvania health priorities and Pennsylvania researchers and organizations. The $1.1 billion funding level is comparable to the amount committed to life sciences research by Michigan from its tobacco settlement funds; a similar proposal is pending in Ohio.

Under the Governor’s plan, five percent of the settlement would be used to create a new venture capital fund, capitalized over three years, to provide early stage investments for health-care related business development in Pennsylvania.

Mary Good Honored by Heinz Foundation

Dr. Mary L. Good, president-elect of the American Association for the Advancement of Science (AAAS) and former Under Secretary for Technology in the Department of Commerce, has received the 1999 Heinz Award in Technology, the Economy, and Employment from the Heinz Family Foundations. The Award is given in recognition for Dr. Good’s “singular vision in working to build an economy fueled by scientific knowledge and technological know-how.” In the six years the Heinz Family Foundation has recognized outstanding contributions in technology, economy and employment, Dr. Good is the first woman to receive the honor.

Foundations Seeking to Make a Difference in Environment

This decade saw a significant increase in public and private investment in environmental technologies and programs. Confronting environmental issues will remain a challenge for many years to come.

Many philanthropic foundations are focusing their grants and investments toward environmental concerns. From areas of interest as diverse as sustainable agriculture to eliminating industrial hazardous waste, foundations are funding a variety of environmental programs and projects.

State-funded environmental science and technology initiatives, and in some cases, their client technology businesses, are eligible to apply for many different foundation giving programs. The following are two examples with links for obtaining more information.

Ben Franklin had $2.9 Billion Economic Impact, Report Says

Pennsylvania’s $187 million investment in the Ben Franklin Partnership boosted the state’s economy by $2.9 billion between 1989 and 1996, according to a new economic impact study. A Record of Achievement: The Economic Impact of the Ben Franklin Partnership concludes that between 1989 and 1996 the Ben Franklin Partnership achieved the following:

People

Douglas Goodall has been appointed CEO of Innovation Works, the successor to the Ben Franklin Technology Center of Western Pennsylvania.

Pittsburgh Digital Greenhouse Established

Calling it one of the most important economic development activities of his administration, Pennsylvania Governor Tom Ridge recently announced the creation of the "Pittsburgh Digital Greenhouse" -- a public/private partnership intended to provide support, infrastructure, and the expertise needed to accelerate the development and re-use of system-on-a-chip (SOC) technology.

The Greenhouse — a partnership of three Pittsburgh universities, the Pittsburgh Regional Alliance, the Commonwealth, and three international corporations — is intended to make southwestern Pennsylvania a worldwide leader in the development of SOC technology.

PENNSYLVANIA GOVERNOR PUSHES TECHNOLOGY INITIATIVES, TAX CUTS

In the state that created the Ben Franklin Centers in the early 1980s - models for several states’ first forays into S&T - Governor Tom Ridge has proposed a wide range of new initiatives to promote R&D investment, technology development, and commercialization within Pennsylvania.

Governor Ridge’s budget request for 1999-2000 identifies $35.5 million for tax cuts expected to benefit start-up technology firms, a new $18.2 million program for high-tech investments, $6.7 million of state funding to leverage private venture capital investments, a SciTech Scholars Program, and $37 million for the state’s "traditional" technology and manufacturing programs: the Ben Franklin Partnership, Industrial Resource Centers, PENNTAP, and incubators.

Pennsylvania Governor Promotes Technology Initiative

Pennsylvania Governor Tom Ridge recently announced the release of The Technology 21 Report — The Keystone Spirit: Putting Technology to Work. Commissioned by Ridge and the Ben Franklin/IRC Partnership Board, the Technology 21 initiative is an industry-led project that will implement a comprehensive technology policy for Pennsylvania.

The Tech 21 report calls for:

Position Available

Pittsburg State University in Kansas is seeking a person to serve as the executive director of its Business & Technology Institute (BTI) and as Director of the Center for Design, Development, and Production. BTI is the primary economic development unit of the university. Its mission is to serve as interface between education, technology, business and industry by providing management, finance, and technological services. Review of applications will begin on April 28.

A full description of the position can be obtained from SSTI's home page (http://www.ssti.org) or by calling SSTI at 614/421-7784.