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Innovation and technology, two key components of NGA Chair Arizona Gov. Janet Napolitano's Innovation America initiative, were the subject of much discussion during the National Governors Association's (NGA) recently concluded annual meeting. The two components are given even more attention in three new reports released by NGA during the meeting.

Business incubators, known for the business support services they provide entrepreneurs, have shown themselves through the years to be a valuable resource in the process of starting and growing companies. Office and laboratory space provided at a reduced cost to tenants is just one of the benefits. Many incubators also offer access to university research, mentoring and seed and venture capital in order to encourage entrepreneurship and ensure the success of new high-technology start-up companies.

For a country to attain a thriving information technology (IT) sector, an environment that promotes competitiveness, protects innovation, and invests in education and infrastructure must be supported. According to a report released this month by the Economist Intelligence Unit, which created an “IT Industry Competitiveness Index” to measure and compare this environment, the U.S. ranks first among 64 countries from around the world.

Angel networks are often seen as an effective way to make sense of hodgepodge of individual investors, institutional funds and investment groups that make up the early-stage capital industry. Though many regions suffer from a lack of early-stage capital, this problem is often exacerbated by insufficient knowledge among entrepreneurs about local angel investors and groups and vice versa.

As community leaders plan the physical development of their regions, some recent research may offer insight into the benefits of encouraging close proximity between firms. A group from Statistics Canada has published a paper exploring the various gains in productivity that manufacturing firms experience due to geographic concentration. In Urban Economies and Productivity, John Baldwin, Desmond Beckstead, W.

As part of the budget deal agreed upon earlier this week between Gov. Ed Rendell and Pennsylvania lawmakers, two of the governor’s major TBED priorities - the Jonas Salk Legacy Fund and an alternative energy fund - will be voted on later this year. 

 

The deepest mine in the U.S. has been selected by the National Science Foundation as site of its Deep Underground Science and Engineering Laboratory. Also known as the “Homestake” in the Black Hills of South Dakota, the site contains 375 miles of tunnels, some extending more than 8,000 feet into the earth.

From federal, state and local governments to nonprofit organizations and private industry, nearly every sector has a stake in recruiting youth to the high-tech manufacturing jobs of the future in order to maintain a competitive advantage.

 

Every year, the National Science Foundation releases its Academic R&D Expenditures report, filled with statistics concerning the characteristics of research and development at U.S. colleges and universities. Using these reports, SSTI has prepared two tables detailing the funds provided by industry from 2001 to 2005 for institutions of higher education in each state and the District of Columbia.

A bill designed to keep new Maine graduates living and working in the state after college became law last week with Gov. John Baldacci’s signature. The Opportunity Maine bill, LD 1856, creates a tax credit to assist graduates with their student loan payments and enables employers of graduates to pay off the student loans.

 

Gov. Mike Rounds recently announced that South Dakota will join a national partnership, led by many of the country's leading information and communication technology (ICT) companies, to improve science and technology education and the skill set of the state's high-tech workforce. The Partnership for 21st Century Skills, an ICT advocacy organization, will advise the state on designing curriculum that meets the needs of software, electronics, networking, telecommunications and Internet-based companies.

A new initiative to target and promote Indiana's manufacturing and logistics sector will do so in a similar manner to the 2002 BioCrossroads initiative that aided in transforming the region’s life sciences industry, the Central Indiana Corporate Partnership (CICP) recently announced.

 

For an industry that takes in more than $10 billion per year, video games receive relatively little dedicated support for economic development initiatives. When video game creators do attract the attention of federal and state politicians, it is often because of allegations of violent content and for encouraging sedentary lifestyles amongst consumers. A handful of states, however, have launched programs and credits that actively encourage the growth of the industry.

 

The Advanced Technology Development Center (ATDC) within the Georgia Institute of Technology announced its affiliated companies have received more than $1 billion in venture capital funding since 1999. Amassed from 160 separate deals, the amount represents 15 percent of the total venture capital in Georgia, about one out of its every five deals in the state.

 

In keeping with the July 1 fiscal year deadlines, several states passed their budgets last month. The following states passed budgets that include funding for alternative energy, R&D tax credits, and science, technology, engineering and math (STEM) initiatives. 

 

Connecticut