SSTI Digest

Bill Mahoney is the new president of the South Carolina Research Authority.

Guin Robinson is the new director of the newly created Talladega office of the Alabama Technology Network.

Phillip Singerman resigned as executive director of the Maryland Technology Development Corp.. Renee Winsky will serve as interim executive director until a permanent replacement is named.

Georgia Tech announced that Dr. Jeffrey Skolnick will join its faculty this spring as the Georgia Research Alliance Eminent Scholar in Computational Systems Biology.

The Maryland Department of Business and Economic Development appointed Benjamin Wu as the assistant secretary for the Capital Region and senior advisor for technology policy.

To develop and promote higher education research facilities and faculty in Virginia, Gov. Mark Warner proposed $218.8 million in his fiscal year 2006-08 biennial budget proposal for investment in university R&D. In response, state institutions of higher education have pledged to match the governor's proposal with a $299 million commitment. The funding allows for the hiring of top researchers in the fields of biomedical science, biomaterials engineering, nanotechnology, and modeling and simulation, whose presence will attract more grant-funded research to the Commonwealth, according to the governor's office. In addition to having economic benefits, the initiative also invests in the search for cures for cancer, diabetes, tuberculosis, Alzheimer's and Parkinson's diseases, the governor said. Included in the initiative is funding to increase state support for the Institute of Applied Learning in Danville, aimed at stimulating economic development by creating research-based jobs, attracting new businesses, and conducting applied research for existing businesses. Examples of projects to be funded under the…

Nearly 40,000 people in 120 countries have placed deposits with the British commercial space company for the opportunity to become tourists in space, according to Virgin Galactic. Last Tuesday, New Mexico's governor said he wants the state to spend $100 million over the next three years to help get them there. Gov. Bill Richardson and Virgin Companies chairman Richard Branson announced the world's first spaceport designed for personal spaceflight will be built on 27-square miles of state land in southern New Mexico, at an estimated total cost of $225 million. The package includes development of Virgin Galactic's world headquarters, to be built underground, as well as the above-ground runway and support buildings. The governor’s funding package will be the cornerstone of a larger $225 million financial construction package that includes local, state and federal funding to build New Mexico’s spaceport in Upham, approximately 25 miles southeast of Truth or Consequences and 45 miles northeast of Las Cruces. The state's $100 million, generated from severance tax bonds and available over…

Following months of debate that ended in a veto last month by Gov. Jennifer Granholm, an agreement was made last week on a $600 million tax relief package for businesses, which now awaits the governor's anticipated signature. Gov. Granholm signed into law the $1 billion Job Creation Fund last month, but rejected a package of tax cuts over a disagreement on two of the bills (see the Dec.5 issue of the Digest). According to an Associated Press article, one of the bills vetoed by the governor would have provided a 100 percent property tax credit in 2007 and 2008 for businesses that bring jobs into Michigan, although businesses that showed a net job loss because of cuts would not have qualified. Lawmakers changed the bill to allow the Michigan Economic Development Corporation to award the credits to companies with a net job loss by citing "extenuating circumstances." The revised legislation sent to the governor would: Establish a refundable credit against the Single Business Tax (SBT) equal to 15 percent of property taxes paid on industrial personal property, beginning…

One of the most critical federal partners involved either directly or indirectly in determining the success of most state tech-based economic development strategies seeks input from the science and engineering (S&E) community in the development of its next five-year plan. The National Science Foundation (NSF) is one of the federal government's most important resources for encouraging scientific inquiry, technological advancement, innovation and discovery, providing approximately 20 percent of all federal support for basic research conducted by America's colleges and universities. The independent agency also has been responsible for the design and development of programs integral to most state and local tech-based economic development efforts, programs such as EPSCoR, SBIR/STTR, Partnerships for Innovation, and the Engineering Research Centers, to note a few. NSF is the major federal source for funding for fields such as mathematics, computer science and the social sciences. NSF also is the source for some of the most relevant statistical data TBED practitioners and policymakers use…

On paper, the Jan. 4 FedEx Rose Bowl, which pits the Universities of Texas and Southern California against each other, will decide college football's national champion. On the same playing field therein will be teams from two states trying to tackle something of a slightly different nature - the need for a talented, educated and diverse workforce to support regional economies built on high-paying jobs. Los Angeles Receives Plan for Building Tech Talent, Businesses The City of Los Angeles must do more to bridge the gap between its high-tech, research-oriented assets and its low-skilled immigrant workforce if its economy is to grow into the global powerhouse city leaders envision, one recent study finds. The Los Angeles Economy Project states that the city remains polarized between high-end and low-end jobs and suffers from a labor force that is disproportionately unskilled. Two of the three sectors that defined the Los Angeles economy just two decades ago - manufacturing and financial services - have significantly declined, the report points out. In addition, the city’…

While women are making strides in entrepreneurship, they still have a ways to go, particularly in science and technology (S&T) fields. This was the theme during the session, Encouraging Women Entrepreneurship, conducted during SSTI's 9th Annual Conference on Oct. 19-21, 2005. Maggie Kenefake, manager of women's entrepreneurship at the Kauffman Foundation, said there are encouraging signs that women are stepping up to the plate, so to speak, when it comes to owning their own businesses. For example, the rate of increase for starting new firms among women is three times the rate for men, and women-owned businesses currently account for 40 percent of all start-ups. Unfortunately, women are still underrepresented in most S&T fields, with the exception of life and behavioral sciences, Kenefake said. Fewer than 10 percent of engineers are women, and less than half of all Ph.D.'s are women. Americans cannot compete globally if they continue to underutilize half the population, she added. Kenefake stressed that the focus should not be why women lag behind men in…

Most of the media coverage for the MoneyTree™ Survey of venture capital investments, prepared quarterly through collaboration of PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association, focuses on the amount of money invested in a particular state or region during the given period and its change relative to another given time period. Most tech-based economic developers, indices and TBED policy-influencing decisionmakers also use VC dollars as an indicator of the health of their region. This may be unfortunate. Should TBED organizations worry if the dollar figures reported for their state or community in one quarter are lower than the previous quarter while another state's remained equal or increased? Easy access to risk capital is a key ingredient for most successful regional innovation systems to be certain, but is the amount of equity financing invested as accurate a measure of system health as, say, the number of deals made? Of the following, which would you consider more entrepreneurial at the end of the year based on the following…