The Fourth of July might just be a paid holiday for New Jersey's tech-based economic development agency after all. Since Governor James McGreevey released his FY 2004 budget request six months ago, the New Jersey Commission on Science and Technology has been living under a June 30 death sentence. Facing a deficit forecast in excess of $4 billion, the governor had called for the elimination of the $15 million program.
One of the greatest challenges for university technology transfer offices (TTOs) trying to maximize commercialization of university technologies is convincing faculty researchers to disclose their inventions, according to a new working paper from the National Bureau of Economic Research.
Capital for start-up and early-stage business ventures should become more plentiful in Vermont based on legislation, S. 178, passed in late May. A spokesperson for Governor Jim Douglas appraised the act's total impact as representing a $105 million investment into the state's economy.
On Tuesday, voters in Maine approved Governor John Baldacci's request to issue $60 million in bonds to finance several research infrastructure, economic development and housing related projects. Packaged and marketed as the Jobs Bond, the measure won easily with 60 percent of the vote in this special election. The tech-based economic development portion of the bond will be allocated as follows:
The U.S. Department of Agriculture (USDA) recently announced the selection of 97 loan and grant recipients in 24 states that will receive $20.1 million in rural business development funds. The loans and grants are expected to assist in creating or saving nearly 10,000 rural jobs and supports 772 business ventures as part of the Bush Administration's efforts to spur economic development in rural areas.
Following extensive public consultation, the French Ministry for Industry and Research has announced a revamped national strategy to boost support for research and development (R&D) activities in France. The plan, to be implemented in 2004, aims to make financial resources for innovative companies more accessible and to increase France’s appeal to the international R&D community.
Some of the key measures include:
In 2003, the nation's 20 top metropolitan areas will generate $4 trillion in output, or 36 percent of the national economy, according to a new report by the U.S. Conference of Mayors and the Conference’s Council for Investment in the New American City. However, overall employment growth this year is predicted to be 0.1 percent in those same metro areas, with nine experiencing either no job growth or continued employment contraction.
U.S. businesses spent $180.4 billion in non-federal funds for research and development in 2000, according to the National Science Foundation's (NSF) annual Survey of Industrial Research and Development. The figure reflects 13 percent growth over 1999 findings and the 47th consecutive year of increases. Federal funding for industrial R&D, however, fell to $19.1 billion in 2000, a 15 percent drop from 1999.
Meeting short-term budget demands are consuming more and more of state, local and academic tech-based economic development practitioners' time. However, keeping an eye on the long-range funding picture is critical for sustained success. One of the most important federal sources for supporting the research enterprise is the National Science Foundation (NSF).
The National Academy of Public Administration (NAPA) has begun a review of the Manufacturing Extension Partnership (MEP) that will examine the program's mission and execution. MEP requested the independent analysis.
Hempstead (New York) Mayor James Garner was elected to serve as the 61st president of the U.S. Conference of Mayors during its annual meeting this week.
Package Isn't All Governor Expected; Veto Possible
Breaking new technologies into traditional markets can be challenging, particularly in the energy field it seems. To help overcome that hurdle, the State of Pennsylvania has undertaken a $5 million initiative to help finance the implementation of clean and renewable energy technologies such as biomass and wind power.
Since her inauguration in January, Arizona Governor Janet Napolitano has pushed legislation intended to increase university tech transfer and commercialization (see related item in this issue). But will it work? Do economic incentives really encourage university researchers to pursue commercialization goals? Or are academics "pure" scientists, truly beyond monetary motives as many would argue?
With a combined annual research budget totaling $4.8 billion, New Mexico's 12 largest research facilities signed a Memorandum of Agreement on May 30 to help turn intellectual property into jobs for New Mexicans. Members of the newly formed New Mexico Technology Research Corridor (TRC) include:
While the nation’s manufacturing sector continues to face major challenges, the National Coalition for Advanced Manufacturing (NACFAM) suggests in a new white paper that the U.S. can compete successfully with low-wage countries if industry and government rally around two basic goals — increase labor productivity by greatly accelerating the use of advanced technologies and leverage national resources through a major expansion of public-private partnerships.
Arizona Legislation to Encourage Tech Transfer Awaits Voters' Approval
On Wednesday, President Bush signed the Jobs and Growth Tax Reconciliation Act of 2003, providing $20 billion in fiscal relief to state governments. Half of the $20 billion will come through an increase in the federal share of Medicaid.
A survey of 330 cities and towns by the National League of Cities (NLC) shows that cities are raising fees and taxes while cutting infrastructure spending and city staffs in order to deal with the worst fiscal conditions for municipalities since NLC began its annual survey of city finance managers in 1985.
A proposed Cybersecurity R&D Center is the centerpiece of the Department of Homeland Security's (DHS) first research agenda for information analysis and infrastructure protection, according to recent testimony presented by Dr. Charles McQueary, Under Secretary for the DHS Science and Technology Directorate, before the House Science Committee.
The National Business Incubation Association (NBIA) honored six top incubation programs, graduates and clients at its 17th International Conference on Incubation, held May 18-21 in Richmond, Va. Award winners are highlighted below:
Innovation Philadelphia, a public-private partnership, the Greater Philadelphia Chamber of Commerce, and the city of Philadelphia have developed a road map that identifies the future drivers of the Greater Philadelphia economy and provides a framework for developing these drivers.
San Pablo, CA, College to Use $2.1M EDA Grant to Build Biotech Incubator
Sheri Stickley, vice president of SSTI, will be leaving SSTI on March 2 to accept a position with the Oklahoma Department of Commerce. Sheri was one of the primary authors of A Resource Guide for Technology-based Economic Development, and we wish her well in her new position. Oklahoma's gain is our loss, but we look forward to benefiting from her advice and wisdom as she enters a new chapter of her career.
Willem Bakker was named president of the Technology Entrepreneur Center and executive director of the Information Technology Coalition, both in St. Louis.