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SSTI Digest
EPI Book Explores Discrepancies in Business Indices
A new resource published by the Economic Policy Institute (EPI) argues that indices claiming to measure the same thing - namely, the capacity or potential for economic growth - often vary widely in their results and are not effective yardsticks of economic potential.
In Grading Places, the nonprofit research institute EPI critiques five major business ranking indices, examining their methodology and validity. EPI observes that the rankings used in each index are based on each organization's own version of an index. Such indices are designed to show which states or cities have the best business climate, for example, yet share only one thing in common -- the agreement that places with lower taxes and fewer government regulations are better.
People
Rebecca Bagley is the new Deputy Secretary for Technology Investment in the PA Dept. of Community and Economic Development.
Former University of Washington President Lee Huntsman is the first director of Washington's Life Sciences Discovery Fund.
John Shields, president of the Alabama Technology Network since 1996, stepped down June 30. Mike Bailey is the new president.
People
Rebecca Bagley is the new Deputy Secretary for Technology Investment in the PA Dept. of Community and Economic Development.
People
Former University of Washington President Lee Huntsman is the first director of Washington's Life Sciences Discovery Fund.
People
John Shields, president of the Alabama Technology Network since 1996, stepped down June 30. Mike Bailey is the new president.
People
Maurice Swinton recently announced he has accepted the position of Program Manager for the Advanced Technology Office (ATO) of the Department of Homeland Security. Among its responsibilities, the ATO oversees the agency's SBIR/STTR programs.
People
Citing a reorganizing, the Delaware Economic Development Office fired 20 percent of its staff (10 positions) last Thursday. According to the Associated Press and local news sources, among those relieved of their duties were Janet Wurtzel, chief operating officer, and Rob Propes, entrepreneurial and small business support director.
France Doubles Funding for R&D and Industrial Innovation
The U.S. can watch as another country significantly expands its investments in innovation. This time it's France, as newly appointed Prime Minister Dominique de Villepin last month announced that the national government will double its funding from €500 million to €1 billion for the Industrial Innovation Agency (IIA), and give €350 million to the National Research Agency (ANR).
New Jersey Senate Approves $150M for Stem Cell Facility
Just over two months ago, Acting Gov. Richard Codey announced budget shortfalls were delaying the state's $380 million stem cell research initiative (see the April 25 issue of the Digest). Good news for at least part of the initiative, however, came last month in the form of legislation passed by the Senate, which allocated $150 million for construction of the planned world-class stem cell research facility.
Third Try's the Charm for $28M Momentum Mississippi
In its third special session of the year, Mississippi legislators passed House Bill 3, an economic development package of grants and loans for high-tech and existing industry, including Gov. Barbour’s Momentum Mississippi Initiative.
Utah Governor Unveils Industry Cluster Initiative to Fuel Economic Development
Within days of taking office in January, Utah Gov. Jon Huntsman Jr. dismantled the Department of Community and Economic Development and promised to make significant changes to how Utah approaches wealth generation and economic growth.
Six months into his first term, the governor kept that promise by unveiling a new cluster-based strategy targeting state efforts in seven industry sectors: life sciences; software development and information technology; aerospace; defense and homeland security; financial services; energy and natural resources; and competitive accelerators, such as nanotechnology and advanced manufacturing.
NGA/NASBO: More States in the Green, but Facing Fiscal Challenges
The latest Fiscal Survey of States reveals that many states still face tough budget challenges, despite the fact that extreme revenue shortfalls of the past have subsided. The survey, which measures the fiscal health of states, is conducted semi-annually by the National Association of State Budget Officers (NASBO) and the National Governors Association (NGA).
Forty-two states saw revenues exceed original budget obligations in fiscal year 2005. Five - Indiana, Michigan, Missouri, Ohio and Rhode Island - fell below budget projections and made mid- or end-year corrections.
Ten are projecting negative growth in FY 2006: Alaska, Maine, Massachusetts, Mississippi, Missouri, New Hampshire, New Jersey, Nevada, West Virginia and Wyoming.