SSTI Digest

On Monday, legislation was introduced in a special session of the Kentucky Legislature to amend several of Kentucky's economic development incentive programs. Additionally, HB 3 contains language to secure funding and land for a proposed lithium-ion battery manufacturing complex (see the April 22, 2009 issue of the Digest) in Hardin County.

Proposed changes to the economic development incentive programs include:

Competing priorities, lack of funding, and inflexible negotiation strategies are among the challenges the Government Accountability Office found for the Department of Energy's efforts to transfer technology out of the DOE labs.

The Energy Policy Act of 2005 requires DOE to establish goals for technology transfer and provide Congress its implementation plan no later than February 2006.  After consulting with officials at 17 national laboratories, however, GAO concluded, "DOE cannot determine its laboratories' effectiveness in transferring technologies outside DOE because it has not yet established department-wide goals for technology transfer and lacks reliable performance data."

With the release of advance 2008 and revised GDP statistics by the Bureau of Economic Analysis (BEA), SSTI has prepared a table showing real GDP per capita (in chained 2000 dollars) for every state and the District of Columbia for the five-year period from 2004 to 2008. The table also includes:

The complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.

On June 24 from 9:00 a.m.-12:00 p.m. in Washington, DC, SSTI is co-hosting a meeting with officials from the Technology Innovation Program (TIP) and the Manufacturing Extension Partnership (MEP) that we encourage you or one of your colleagues to attend. TIP and MEP are two of the most market-driven programs operated by the federal government. Both programs have launched new investments and innovative services in the last year. The meeting will give you a chance to learn about: New federal funding opportunities; New resources to support early-stage research; New products and services to expand manufacturing; New tools to help foster growth and innovation in companies you work with; New models to accelerate technology commercialization and translation; and, New ideas about ways to integrate state, local,and federal investments.

Who should attend?

Earlier this year, Congress and President Obama, seeing an opportunity to stimulate the economy while improving the nation's digital infrastructure, set aside $7.2 billion for broadband programs in the 2009 Recovery Act (read SSTI's analysis of the Recovery Act in the February 19 issue). Citing the need for a modernized digital infrastructure to ensure U.S. competitiveness, the act included funding for broadband mapping and deployment to help make sure that all Americans have access to high-speed Internet services. A controversy, however, has grown in the wake of the Recovery Act over how that money should be spent.

Seven emerging research universities in Texas would receive funding and incentives to help advance their status to nationally-recognized tier one schools following passage of HB 51, awaiting Gov. Rick Perry's signature.

The bill would create three funding pools and establish methods to achieve tier one status, which generally is referred to as a high-performing research university having at least $100 million in federal research grants annually, selective admissions, and low student-faculty ratios. The following funds would be established under the bill and require the universities to increase research, raise private funds, and meet benchmarks required for tier one distinction:

During the last week of the legislative session, Nebraska Gov. Dave Heineman signed two bills into law - one dealing with R&D tax credits and the other authorizing the development of a statewide biotechnology strategic plan. The biotech plan, as outlined in LB 246, calls for the creation of a nonprofit corporation to provide research assistance and recommendations to the Legislature's Natural Resources Committee by June 30 of next year. A finalized plan must then be presented by the committee to the Legislature.

As the Nevada Legislature concluded its biennial session last week, Gov. Jim Gibbons signed several bills relating to renewable energy. In particular, SB 358 creates the position of Nevada Energy Commissionerwith responsibilities - among other duties - to review policies related to the R&D of geothermal energy in Nevada and to work with renewable energy developers in identifying suitable sites for their needs. As the Associated Press reported in their coverage of the bill's passage, the process of attaining land in Nevada is sometimes a cumbersome process because 86 percent of the state is controlled by the federal government.

Over the past few decades, state and local policymakers have approached the task of increasing regional innovative activity from a number of directions. Leaders have deployed plans to increase the amount of available capital, to train entrepreneurs, to attract research-based companies and other strategies to create a thriving innovation economy. A key issue in this pursuit is how to keep the beneficial results of these efforts local. Investing in commercializing new technologies at a local university can lead to new companies that then leave the region, undermining the local effort to support and keep those new firms.

So, what kinds of strategies produce local results?

Last week the Bureau of Economic Analysis released advance 2008 and revised 2005-2007 statistics concerning GDP by state. Using these updated statistics, SSTI has prepared a table showing the real GDP for each state from 2004 to 2008 (in chained 2000 dollars), the percent change from 2007 to 2008, the five-year percent change, and the rank of each state's five-year change.

Listen to SSTI's Interview with Jim Poulos of the Maryland Technology Development Corporation (TEDCO)

SSTI has an effective new learning tool for TBED policymakers and practitioners seeking guidance in approaches to building and sustaining tech-based economies. Through exclusive interviews with Excellence in TBED Award recipients, find out first-hand how these award winning initiatives successfully responded to a critical need by applying innovative approaches to generate substantial economic gains for their region.