SSTI Digest

Don Hutchinson is the new director of the Mayor's Office of Economic Development for the city of New Orleans.

Louisiana Gov. Kathleen Blanco has appointed Michael Olivier to serve as Secretary of Louisiana Economic Development. Olivier was president and CEO of the Harrison County Development Commission in Gulfport, Miss., for 17 years.

Two years following its creation, the Louisiana Technology Fund has $2.3 million to help the early-stage technology companies for which it was intended, the Baton Rouge-based Advocate reported earlier this month. The fund stems from 2002 legislation that revived Louisiana's Certified Capital Companies (CAPCOs) program.

With the initial pool of money, the fund could support up to 12 Louisiana technology startup companies. The money is derived from the state's CAPCOs, which are required to invest 10 percent of their earnings into such startups. The state's four research parks, located in Baton Rouge, Lafayette, New Orleans and Shreveport, will oversee the fund, according to the Advocate.

While the federal government supports fuel cell research, nearly every state across the country has taken a more active role in advancing the development and commercialization of fuel cell and renewable energy technologies, according to two recent reports from the North Carolina State University Solar Center. A web-based directory of more than 875 state and federal initiatives managed by the center helps prove that point.

In order to expand the market for stationary fuel cells in the U.S., the center feels, it is important for industry leaders, policymakers and researchers to be aware of the existence, scope and depth of state-level incentives and polices. The Database of State Incentives for Renewable Energy (DSIRE) was established in 1995 through funding from the U.S. Department of Energy to track financial incentives, programs and policies to promote the use of renewable energy.

George Swift is the first executive director for the new Southwest Louisiana Partnership for Economic Development.

To promote biotech in Baton Rouge, a new study sponsored by Capital Region Competitive Strategy (CapStrategy) recommends constructing an "idea pipeline" to better commercialize the intellectual property and research generated in the region's universities, hospitals and research institutes. CapStrategy, a nonprofit, cluster-based economic development initiative, operates under the Chamber of Greater Baton Rouge and represents nine parishes in the region.

Boston

The Mystic Valley Development Commission (MVDC) recently secured a $5.5 million loan from Citizens Bank of Massachusetts to finance the final land acquisitions for the first phase of TeleCom City, a 200-acre technology development project along the banks of the Malden River in the cities of Medford, Malden and Everett. MVDC was created by an act of the state legislature in 1996. With the loan from Citizens, the Commission will purchase the project's remaining three parcels of land, which total about eight acres in Medford. The project also has received more than $25 million in state support and $13 million in federal funding. Phase One, the construction of four 110,000-square-foot buildings on about 29 acres in Medford, is scheduled to begin in 2004.

Sylvia Goodman is leaving her position as director of technology and innovation at Louisiana Economic Development.

An update to Louisiana: Vision 2020, a strategic plan to improve the Louisiana economy, calls for creating more quality jobs in the state's high growth sectors. First released by the Louisiana Economic Development Council in 1998, the newly revised plan also stresses the need to place increased importance on early childhood education, teacher quality and math and reading performance among high school students as keys to boosting student achievement.

Louisiana: Vision 2020, 2003 Update centers around three goals designed to accomplish 27 quantifiable objectives. Goal One, which sets up the next two goals, calls for the state to reinvent itself as a Learning Enterprise, "a rich, diverse, complex organism in which all businesses, institutions, and citizens are actively engaged in the pursuit of knowledge."

Dennis Lower of the Biomedical Research Foundation of Northwest Louisiana is the new leader of the Louisiana Economic Development Council.

The 2002 Special Session of the Louisiana State Legislature has yielded a series of tax credits that aim to benefit biotechnology companies in Louisiana, promote commercialization of technology, encourage R&D investments, and make the state more competitive in information technology. The tax credits are as follows:

Formerly the marketing manager for a local software firm, Mary Bergeron recently was named the new executive director of the Baton Rouge Technology Council.