SSTI Digest
Geography: New Jersey
TBED People
Southern Growth hired Ted Abernathy, Jr., former Executive Vice President & COO of the Research Triangle Regional Partnership, to serve as its Executive Director, filling the vacancy created by Jim Clinton's resignation in September.
The Minnesota Center for Engineering & Manufacturing Excellence has hired Ronald Bennett as executive director.
The City of Virginia Beach Economic Development Department has hired Scott Hall to fill their newly created position of Business Development Coordinator.
Useful Stats: 2006 Industrial R&D Intensity per State
According to National Science Foundation (NSF) data released two weeks ago, companies spent in aggregate $247.7 billion on R&D expenditures performed in the U.S. in 2006. Leading the nation was California, with $58.4 billion in industrial R&D, followed by Michigan ($16.5 billion), Massachusetts ($15.6 billion), New Jersey ($14.6 billion), and Texas ($13.3 billion).
SSTI has prepared a table presenting the state rankings for industrial R&D performed in 2006, the per-state gross state product in 2006, and each state's industrial R&D intensity. The industrial R&D intensity is the ratio of industry-based R&D to the gross state product.
Using these calculations, Massachusetts experienced the largest industrial R&D intensity in 2006, at 4.64 percent. This was followed by Michigan (4.38 percent), Connecticut (4.04 percent), Washington (3.89 percent), and California (3.35 percent). The industrial R&D intensity for the U.S. as a whole was calculated to be 1.89 percent.
People & TBED Organizations
President Bush announced he will nominate Assistant Secretary of Commerce Sandy Baruah to serve as the administrator of the Small Business Administration.
The Rensselaer County Regional Chamber of Commerce has created the Economic Development Partnership to help businesses relocate to or expand in the county.
Barbara Fleisner has been hired as executive director of Centergy, the Central Wisconsin Alliance for Economic Development.
Dr. Lee Herron has joined the Georgia Research Alliance (GRA) as vice president of commercialization. Herron previously was general manager, Biosciences, for the Advanced Technology Development Center.
Linden Rhoads was named vice provost of the University of Washington's TechTransfer department. Rhoads replace Jim Severson, who left to join a start-up company.
Incubator RoundUp: Growing and Sustaining High Technology Companies
Offering customized workspace such as wet laboratories and specialized research equipment is one of the many benefits provided by technology-focused incubators. Access to university research, business mentoring and administrative support services often accompany the reduced rent facilities with the goal of growing technology companies into successful, self-sustaining enterprises. Following are select announcements of recently launched incubators and partnerships from across the nation.
GateWay Community College recently received a recommendation from the Phoenix Parks, Education, Bioscience and Sustainability subcommittee of the Phoenix City Council to enter into an intergovernmental agreement with the college to build a bioscience incubator laboratory with wet lab space, the Arizona Republic reports. The wet lab would be a minimum of 5,000 sq. ft. and located near the Phoenix Biomedical Campus.
People & TBED Organizations
Dr. Michel Bitritto was named director of the new business incubator being run by the New Jersey Meadowlands Commission.
Dr. Peter Reczek was appointed executive director of the New Jersey Commission on Science and Technology.
Don Siegel, president of the Technology Transfer Society, will be dean of the School of Business at the University of Albany, SUNY, beginning in fall 2008.
Michael Skaggs, former president and CEO of Next Generation Economy Inc., was named executive director of the Nevada Commission on Economic Development.
Paul Wetenhall stepped down as executive director of High Tech Rochester (HTR) to become president of the Ben Craig Center in Charlotte. David Hessler, an HTR entrepreneur-in-residence, was appointed interim president in Wetenhall's stead.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
The Life Sciences Discovery Fund (LSDF), a Washington State agency that functions like a foundation, is seeking a grants administrator to help shape the organization during its start-up phase. The LSDF supports innovative research in Washington State to promote life sciences competitiveness, enhance economic vitality, and improve health and health care. The grants administrator will manage aspects of a grants portfolio of approximately $35 million per year and will be responsible for information management regarding LSDF’s grant administration processes. He or she also will report to the LSDF Director of Programs. A bachelor’s degree and five years of experience in grant-making or grants administration, or an equivalent combination of education and experience, are required.
New Jersey Plans $450M Stem Cell Referendum
State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years. New Jersey already has committed to spending $270 million on stem cell research (see the Jan 8, 2007 issue of the Digest)
On the same day the bond issue agreement was announced, the New Jersey Economic Development Authority (NJ EDA) approved $9.2 million in preconstruction costs for the planned Stem Cell Institute facilities in New Brunswick. The New Brunswick Development Corporation will oversee the development of the new research facilities. Major construction is slated to begin next year and is expected to conclude sometime in 2011.
People
Chris Engle, former vice president of Angelou Economics, has joined New Economy Strategies as chief project officer and principal.
People
Connecticut Innovations appointed Dr. David Reed to the position of executive in residence.
New Jersey Appropriates $270M to Build Biomedical and Stem Cell Research Facilities
Last month, New Jersey Gov. Jon Corzine signed a bill that will contribute $270 million to the construction of five biotechnology research facilities across the state. The funding source will be bonds backed up by cigarette tax revenue, as issued by the New Jersey Economic Development Authority. Gov. Corzine believes the state is at a strategic moment to accumulate "a critical mass of scientists, researchers, doctors and physical facilities" ahead of the next presidential administration, which will dictate future federal spending on stem cell research.
The proposal includes:
Rutgers Asks: Is It Time for the Next New Economy in NJ?
For many areas of the country, the first five years of the 21st century may well be remembered as a period of dramatic economic transformation, or the beginning of one as the rate of change continues at a fast clip. Having statistics for the five-year period of 2000-2005, however, provides the first opportunity for policymakers and academic researchers to look for meaning in the trends. The previous Digest included an article on a Brookings study looking at manufacturing losses in the Great Lakes region (see the July 24 issue of the Digest). This week, our attention is turned to New Jerseys New Economy Growth Challenges, the July 2006 Rutgers Regional Report written by James Hughes and Joseph Seneca at Rutgers School of Planning and Public Policy.
People
Peter Gold was appointed associate provost for economic initiatives at Rutgers-Camden.

