TBED People
John Hindman announced his resignation as secretary of the Kentucky Cabinet for Economic Development.
Governor Rick Perry recently announced Alan Kirchhoff of Austin has been promoted to director of Texas Emerging Technology Fund (TETF). Kirchhoff replaces longtime Perry advisor and former TETF director Mark Ellison, who left the Governor's Office to become associate vice chancellor of economic development for the Texas A&M University System beginning Oct. 1, 2008.
SSTI Job Corner
Complete descriptions of these opportunities and others are available at http://www.ssti.org/posting.htm.
FL Candidates on Job Creation, Energy Independence
Florida is one of many states without an incumbent governor participating in the 2010 gubernatorial election, as Gov. Charlie Crist, who served just one-term in office, will seek an open Florida U.S. Senate seat this fall in a race against former Florida House Speaker Marco Rubio and Democratic U.S. Rep. Kendrick Meek. Crist is running as in Independent. Policy aimed at job creation is the topic of much debate in Florida, where unemployment is around 12 percent.
Europe to become a "True Innovation Union"
The European Commission has released the first comprehensive innovation strategy for the European Union. The strategy has over thirty action points including the development of European Innovation Partnerships, improving access to finance, creating a major research program on the public sector & social innovation and modernizing Europe's intellectual property rights regime.
Brookings Explores Cluster-Based Frameworks for Economic Development
Regional innovation clusters can be a useful framework in understanding the high-tech economy, but only if local leaders recognize the limits of cluster-based strategies, according to a recent study by the Brookings Institution. Authors Mark Muro and Bruce Katz suggest that research has confirmed the positive impact clusters can have for local workers, firms and regions, but that effective policy interventions must focus on targeted initiatives to foster existing clusters.
NSF Outlines STEM Recommendations in New Report
A recent report from the National Science Foundation's (NSF) National Science Board calls for a new NSF research agenda to identify and develop the next generation of STEM innovators. The board developed a STEM agenda built on findings from a two-year study on math, science and engineering education in the U.S. The report, entitled "Preparing the Next Generation of STEM Innovators," provides recommendations that are intended to help set funding priorities at NSF for STEM education in the coming years.
Recent Research: Women and Minority Entrepreneurs Face Lower Survival Rates
Minority and women entrepreneurs continue to experience lower survival rates than their white (and Asian), male counterparts, according to a recent U.S. Census Bureau report by Ron Jarmin and C.J. Krizan of the Bureau's Center for Economic Studies. Jarmin and Krizan link several databases on business activity in 2005 in order to track how race, gender, education and experience of the entrepreneur relate to survival rates, profits, size, employment growth and exports.
Delaware Enacts New Incentives for Clean Energy Deployment
Joining a growing number of states investing in clean energy to promote economic growth and remain competitive, Delaware Gov. Jack Markell signed into law four renewable energy bills that he says will create new jobs by fostering the expansion of renewable energy industries such as wind and solar. Expanding the state's Renewable Portfolio Standard (RPS) and updating the Green Energy Fund to address a backlog in recipients waiting for grant dollars are among the new laws in the Clean Energy Jobs Package detailed below.
Federal Agencies Join Forces to Spur Energy Innovation
The Department of Energy and the Department of Defense have agreed to cooperate on the acceleration of clean energy innovation and strengthening the nation's energy security. Under this Memorandum of Understand (MOU), the agencies will work cooperatively together in the several areas including energy efficiency, alternative fuels and renewable energy. An under-secretary level working group will coordinate R&D efforts between the agencies. This will allow the agencies to reduce "waste" by avoiding the duplication of energy innovation efforts.
Senate Committee Looks to Slash EDA Funding in FY11
The Economic Development Administration (EDA) would have $15 million less available for grants next fiscal year in the budget bill approved by the Senate Appropriations Committee last week. For comparison, the relevant House Appropriations subcommittee in June approved a total budget of $317.85 million for EDA — that is $24.85 million more than the FY10 budget and a whopping $37.67 million more than the Senate.
Addressing The Most Pressing Questions in Economic Development
According to a survey of SSTI members, the three most pressing needs for state and local TBED organizations in this economy are: how do we capitalize on the federal government's renewed commitment to growth through innovation and research? How do we encourage faster commercialization and more entrepreneurship among our local businesses? How do we more fully engage our universities in building our economic recovery and innovation-based future?
Report Finds Exports From U.S. Metros Are Key to Growth
A Brookings Institution's Metropolitan Policy Program study of U.S. exports between 2003 and 2008 found that export-based businesses accounted for 8.3 percent of U.S. employment and higher wages than domestic-oriented industries. During that period, the country's 100 largest metropolitan areas produced about 64 percent of U.S. exports, including about 75 percent of the nation's exported services. Since the Obama administration has made increasing U.S.
North Carolina Introduced 15 Percent Digital Media Tax Credit
North Carolina Governor Bev Perdue recently signed off on a package of economic incentives for small businesses, including tax credits for interactive digital media firms, particularly those that collaborate with the state's research universities or community colleges. Digital media companies, including video game studios, are eligible for a 15 percent income tax credit; 20 percent for higher education collaborations. The bill also provides a 35 percent tax credit for research performed within one of the state's Eco-Industrial Parks.
DOE Office of Science Gets Half of Requested Increase from Senate Subcommittee
A $108.3 million increase would be nothing to refuse in a tight budget scenario, except Congress has set a goal to double the $5 billion Office of Science (OS) budget and the figure is slightly less than half of the $218 million increase the Obama administration requested for FY 11. The information is taken from the recent action by the Senate Appropriations Subcommittee on Energy and Water Development on the Department of Energy's 2011 budget.
Job Corner
UMass Donahue Institute is seeking a director for the economic and public policy research unit (EPPR) that consists of an outstanding team of twelve research and professional staff. Along with a commitment to public service, the ideal candidate will be a knowledge leader, outstanding communicator, program developer, collaborator and experienced manager and researcher. Familiarity with relevant research areas and potential clients in Massachusetts and New England, including industry, government, professional associations, and nonprofit organizations is preferred.
Nine Life Science Centers to receive $280 Million in NIH Funding
The National Institutes of Health (NIH) have announced a four-year plan to invest approximately $70 million a year in a nationwide network of life science research centers. The Molecular Libraries Probe Production Centers Network will employ high-tech screening methods to identify molecules that can be used as probes to explore the functions of cells. This research is intended to help increase the pace of discovery in the field of chemical probes, which have become a key resource in fighting disease.
SSTI Looks to the Road Ahead
Crafting a regional TBED strategy is a difficult proposition. First, you figure out where you are. You check the data, conduct surveys and talk to the right people. Then, you figure out where you need to go. You look at other regions, and, again, talk to the right people. Using that information, you try to chart a course from where you are to where you want to be. The path, however, is rarely a straight line.
Senior Administration Officials to Speak at SSTI Conference
Want to know more about the Obama Administration's innovation strategy? SSTI is pleased to welcome two key administration officials to this year's conference. Ginger Lew, Senior Counselor to the White House National Economic Council (NEC) and the Small Business Administration (SBA), and Brian McGowan, Deputy Assistant Secretary of Commerce and COO for the U.S. Economic Development Administration (EDA), will discuss the administration's plans to support innovation.
Gov Rendell with Former Govs Ridge and Thornburgh at SSTI Conference
Voters in more than 30 states will go to the polls to choose a governor later this year. For TBED professionals, gubernatorial elections can mean uncertainty. Will the next administration put economic development and technology on the agenda? Will the new governor support existing agencies and programs, or will he/she introduce new initiatives? What will happen to the budget for TBED programs?
The Opening Reception Goes Green
Pennsylvania invites all SSTI conference attendees to a networking reception at the Phipps Conservatory and Botanical Gardens Tuesday, Sept. 14. Guests can immerse themselves in 17 distinct botanical experiences while exploring this thriving attraction that showcases advanced green-building practices, sustainable gardening and a new environmental awareness.
Gain Perspective from Nationally Recognized Experts "Speed Dating" Style
The way we interact with our colleagues has forever changed in the face of social networking, teleconferences, and email. But the need for personal, one-on-one interaction to ask questions, bounce ideas off one another, and share best practices is still very much alive.
The Economic Opportunity in Energy and Climate Change
The transition from finite energy sources such as fossil fuels to renewable energy sources is on. The U.S. government, European Union and China are directing billions into the development of renewable energies. Most states have adopted energy standards to encourage the change. Private investments in renewable energies also have surpassed investments in fossil fuel technologies. Economic opportunities and challenges for regions across the country abound as a result.
Learn From the Award Winners During SSTI Conference
After this year's Big Reveal, Wednesday, Sept. 15 at lunch, join practitioners named as best practices in the field of tech-based economic development as they gather during a thought-provoking session to discuss only the most important issues for the TBED community — lessons learned, how to measure impact, and how to communicate success to sustain programs. SSTI is rolling out an entirely new format for the session this year designed to engage audience members through an intimate setting featuring an interview format led by Peggy Shults, President and CEO of Lytmos Group, LLC.