SSTI Digest

Upon ruling in favor of a $50 million bonds issue last month, the Oklahoma Supreme Court cleared the way for an endowed chairs program at colleges and universities throughout the state .

In the Dec. 19, 2005 issue of the SSTI Weekly Digest, an editor's note highlighted the mega-investments several states are making to establish themselves as significant players in key research areas. New York's commitment to nanotechnology research in the Albany region, already in the hundreds of millions of dollars with the 2002 recruitment of Sematech North, was one of the examples mentioned.

Increased funding for research centers, a laptop program, and investments in higher education were highlighted in South Dakota Gov. Mike Rounds' fiscal year 2007 budget address last month.

While the governor’s FY07 recommendation for Economic Development is $3.4 million, only a 3 percent increase over the budgeted FY06 amount, the Division of Research and Commerce would receive $4.8 million -- an increase of 37 percent over last year. Included in this amount is a $1 million increase to fund research centers under the 2010 Initiative and $280,000 to fund Centers for Entrepreneurship.

Last month, voters in Arkansas narrowly rejected a major bond proposal targeting technology and capital upgrades in higher education and actively supported by Gov. Mike Huckabee, leaving many to wonder what went wrong.

Although the bonds package lost by only by a small margin -- unofficial results indicate 50.26 percent to 49.74 percent -- Gov. Huckabee said he would not raise the issue again with voters during his months left in office, according to the Associated Press.

Perhaps what might be most surprising and educational for Digest readers considering their own higher ed and tech-based economic development bond initiatives is the proposal failed in each of the counties that are home to a college or university, according to unofficial results reported by the Arkansas Democrat-Gazette.

It is no coincidence that every article in this issue of the SSTI Weekly Digest touched on some aspect of higher education's role in promoting economic growth. Knowledge-based economies driven by innovation require strong and successful institutions of higher learning. Those same types of economies, particularly when applied on a global scale, present unique challenges to sustaining educational and research excellence with academia based on older models of financing and leadership.

Last November, the Federal Reserve Bank of Chicago held a one-day conference examining the future of higher education and economic growth. Two January Chicago Fed Letters by Richard Mattoon summarize the event, calling out one of the most troubling trends in America: "The perception of higher education as an important public good has eroded. Higher education is viewed by some as a private good with the benefits accruing to the student in the form of higher future wages and quality of life."

The Association of American Universities named Robert Berdahl as the association's new president.

The North Carolina Biotechnology Center selected John Chaffee and Randall Johnson as directors of the center's new eastern and southeastern regional offices.

Virginia Gov.-elect Tim Kaine named Aneesh Chopra as his administration's secretary of technology.

South Dakota Gov. Mike Rounds announced that Jim Hagen will resign as secretary of the Department of Tourism and State Development, effective Jan. 17.

The Association of American Universities named Robert Berdahl as the association's new president.

The North Carolina Biotechnology Center selected John Chaffee and Randall Johnson as directors of the center's new eastern and southeastern regional offices.

Virginia Gov.-elect Tim Kaine named Aneesh Chopra as his administration's secretary of technology.

South Dakota Gov. Mike Rounds announced that Jim Hagen will resign as secretary of the Department of Tourism and State Development, effective Jan. 17.

David Hollister announced he will leave his position as director of the Michigan Department of Labor and Economic Growth on Feb. 3, to head Prima Civitas, a newly formed nonprofit agency promoting economic development.

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