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Innovations Guide Offers Keys to Long-term Growth for Rural Regions

Friday, July 11, 2003

A new book released by the Sierra Business Council (SBC), Investing for Prosperity, suggests new ways for rural regions to achieve long-term prosperity. The 148-page guide brings together many of the latest innovations rural communities across North America are using to grow their economies, improve their towns and build their social capital.

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Useful Stats: NIH Awards by State 1998-2002

Friday, July 11, 2003

In response to recent requests from SSTI sponsors and affiliates, SSTI has compiled a table summarizing total funding distributed within states in the form of grants and awards by the National Institutes of Health (NIH). The table <http://www.ssti.org/Digest/Tables/071103t.htm> includes total amounts and state rankings for NIH awards for each of the years 1998-2002.

  • Read more about Useful Stats: NIH Awards by State 1998-2002

People and Organizational News

Friday, July 11, 2003

The first director of the new Automation Alley Technology Center will be Thomas Anderson.

Nebraska Governor Mike Johanns has appointed Richard Baier as the state's first rural development director. Baier will work closely with the new Nebraska Rural Development Commission.

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People and Organizational News

Friday, July 11, 2003

The first director of the new Automation Alley Technology Center will be Thomas Anderson.

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People and Organizational News

Friday, July 11, 2003

Nebraska Governor Mike Johanns has appointed Richard Baier as the state's first rural development director. Baier will work closely with the new Nebraska Rural Development Commission.

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People and Organizational News

Friday, July 11, 2003

Colorado State Representative Tim Fritz is resigning his seat to become director of Colorado's Office of Aerospace and Aeronautics.

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People and Organizational News

Friday, July 11, 2003

John Hansen is the new Secretary of Technology for the State of Colorado. Hansen retains his position as Chief Technology Officer as well.

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People and Organizational News

Friday, July 11, 2003

Gwinnett County (GA) Commission Chairman Wayne Hill is the new president of the National Association of Regional Councils.

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People and Organizational News

Friday, July 11, 2003

The Indiana Proteomics Consortium has changed its name to Inproteo.

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People and Organizational News

Friday, July 11, 2003

New York Ecomm has changes its name to The Executive Council of New York to better reflect the organization's broader membership and program offerings.

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House Slashes MEP Funding While Manufacturers Face Uncertain Future

Friday, July 11, 2003

As the economy struggles, unemployment rates rise to a nine-year high, and manufacturing continues to shed jobs, the Modernization Forum reports the House Commerce, Justice, State and Judiciary (CJS) Appropriations Subcommittee appropriated just $39.6 million for the Manufacturing Extension Partnership (MEP). The FY 2004 funding would slash the program's funding from the FY2003 level of $106.6 million, a 63 percent cut.

  • Read more about House Slashes MEP Funding While Manufacturers Face Uncertain Future

Massachusetts House Announces $110M Plan to Encourage TBED

Friday, July 11, 2003

Details on a $110 million initiative to create more jobs and stimulate the Massachusetts economy were released yesterday by Massachusetts House Speaker Tom Finneran and other state leaders. The initiative, Mass Jobs: Investment and Opportunity, is an innovation-friendly plan to streamline government functions and encourage growth in emerging technology through capital formation, regional development, and stability in regulation and taxation.

  • Read more about Massachusetts House Announces $110M Plan to Encourage TBED

Ohio Enacts TBED Components of Third Frontier Project

Friday, July 11, 2003

Ohio Governor Bob Taft today signed into law Am. Sub. House Bill 1, putting into place the newest components of his Third Frontier Project to foster tech-based economic development (TBED) and growth in Ohio.

  • Read more about Ohio Enacts TBED Components of Third Frontier Project

Editor's Note: Here Today, Gone Tomorrow: Quebec S&T Demise Offers Lessons to All

Friday, July 11, 2003

The previous issue of the SSTI Weekly Digest (June 27, 2003) included a story with the headline "Québec Investing More Than $500M for Biotech." It was the kind of big initiative with a hefty price tag that a few states have launched and most others salivate to replicate. A perfect item for the Digest.

The problem is that big initiative never actually happened.

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People and Organizational News

Friday, July 11, 2003

Spokane Economic Development Council president Mark Turner has announced his resignation.

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People and Organizational News

Friday, July 11, 2003

Jeff Wadsworth has been named the next director of the Oak Ridge National Laboratory. Wadsworth was a former deputy director of Lawrence Livermore National Laboratory.

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People and Organizational News

Friday, July 11, 2003

Larry Willard, president of the University of New Mexico Board of Regents, is leaving the position to become chairman of the New Mexico Economic Development Corp.

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People and Organizational News

Friday, July 11, 2003

David Quam is the new director of state-federal relations for the National Governors Association.

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People and Organizational News

Friday, July 11, 2003

Phillip Z. Sobocinski has accepted a new position as Assistant Director of the new Office of Corporate Relations in the Office of the Chancellor, University of Wisconsin-Madison. The new initiative will be led by Charles Hoslet.

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House Approves 63% Increase for Homeland Security R&D

Friday, June 27, 2003

The U.S. Department of Homeland Security (DHS) could have more money to spend on science and tech initiatives in fiscal year (FY) 2004, thanks to a 63.1 percent increase in R&D funding approved Tuesday by the U.S. House of Representatives. Approximately $900.4 million – or $348.4 million more than the previous year – will go toward DHS's Science and Technology (S&T) budget in FY04.

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SC Commits $30M To University R&D...

Friday, June 27, 2003

South Carolina's three major research universities were awarded a total of $30 million this week to establish the state's first six centers of excellence, according to The State, a Columbia, S.C.-based newspaper.

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...while Texas Gov. Cuts $54.5M for Academic Research

Friday, June 27, 2003

As many states are striving to increase their academic research capacity in areas that will strengthen long-term economic competitiveness, the governor of the Lone Star State is pursuing an alternate course that closely resembles traditional business recruitment and retention models.

  • Read more about ...while Texas Gov. Cuts $54.5M for Academic Research

TEDCO Study Challenges Maryland to Maximize R&D Assets

Friday, June 27, 2003

The Maryland Technology Development Corporation (TEDCO) has issued a new study showing Maryland continues to underperform in some key areas of innovation while leading competitor states in other areas.

  • Read more about TEDCO Study Challenges Maryland to Maximize R&D Assets

Biotech Start-ups in St. Louis Aided by New Initiatives

Friday, June 27, 2003

The St. Louis BioBelt announced this week it is well along in launching four new initiatives designed to position the region as a "location of choice" for start-up and evolving plant and life science companies.

  • Read more about Biotech Start-ups in St. Louis Aided by New Initiatives

Commerce Report Examines IT Education, Training Landscape in 21st Century

Friday, June 27, 2003

A new 225-page report released by the U.S. Department of Commerce examines employer demand for information technology (IT) workers, the IT education and training landscape, and the role of employers and workers in IT education and training. Education and Training for the Information Technology Workforce, mandated by the American Competitiveness in the 21st Century Act of 2000, highlights five broad findings:

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Recent news from the SSTI Digest

Recent Research: What makes place-based economic development policies work?

Wednesday, September 9, 2026
Place-based economic development is back near the center of federal policy, from Opportunity Zones to the CHIPS and Science Act. That renewed attention comes with a familiar problem: decades of enterprise zones, tax incentives, infrastructure investments, and other geographically targeted programs have produced results that are hard to summarize cleanly. In a new NBER working paper, Matthew Freedman and David Neumark ask the better question: not simply whether or not these policies work, but under what conditions they might work, for whom, and why. Their review points to a practical conclusion: policy design matters and targeting a distressed community with development-focused financial incentives is rarely enough on its own.
economic development

A BBBRC grant builds momentum for a highly trained semiconductor workforce

Wednesday, September 9, 2026
For the civic leaders of Osceola County, the Great Recession of 2008 made clear that they could not base their economy so heavily on travel and tourism. By the time COVID-19 hit in 2020, they knew the steps they had taken to diversify their economy were the right ones. When the Build Back Better Regional Challenge (BBBRC) opportunity arose in 2021, the county and its partners were well-positioned to operationalize the benefits the grant presented to the region and create a trained workforce for a recently attracted semiconductor industry. How did Osceola County get here? There are potential approaches to emulate by more areas of the county dependent on low-wage sectors like tourism or, for that matter, extraction-focused regions subject to “boom and bust.” 
semiconductors
workforce

The impact of tax incentives on early-stage company investment varies

Wednesday, September 9, 2026
One persistent question in economic development policy is how incentives impact private sector investment decisions. Recent and ongoing research from Murillo Campello and Guilherme Junqueira of the University of Florida, published in the National Bureau of Economic Research working paper series, explores the impact of the Qualified Small Business Stock (QSBS) program on venture capital risk-taking. The researchers found that the availability of QSBS tax benefits strongly influences venture capital investment behavior, specifically in traditionally structured venture capital funds. They also found no similar behavior among angel or corporate investors, an insight that may hold important program design and policy lessons for the TBED community. 
tax incentives
investing
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