NY Governor Proposes TBED, Economic Development Agency Consolidation
Angel Investing Down 10% Percent in 2008, But Some Investors Remain Optimistic
Investment by angel groups declined at least ten percent this year, according to the Angel Capital Association's (ACA) annual survey of angel group leaders. In January and February, about 55 percent of these leaders predicted that both their number of deals and total invested dollars would increase in 2008. Half of them now admit that their predictions for the year were overly optimistic.
Michigan State University Wins $550 Million Nuclear Physics Facility
University of Texas System Combines Support for Teaching and Commercialization Excellence with $15 Million Initiative
The University of Texas System Board of Regents recently approved $15 million in funding for three programs that will support innovation and extraordinary effort among its faculty. Two of these programs will make awards for teaching excellence, one for faculty at the University of Texas at Austin (UT Austin) and the other for teaching at the system's other eight universities.
Scotland Universities to Direct Nearly 11 Percent of Funding on Pursuing Innovation
$65M Available for Labor's WIRED Initiative
The U.S. Department of Labor (DOL) recently announced it will provide $65 million in new grants under the Workforce Innovation in Regional Economic Development (WIRED) Initiative.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
People
With new governors often come changes in the leadership of state economic development organizations. Arkansas, Colorado and Maryland recently announced their new development officers:
People
With new governors often come changes in the leadership of state economic development organizations. Arkansas, Colorado and Maryland recently announced their new development officers:
People
Catherine Renault is the new director for the Maine Office of Innovation within the state’s Department of Economic and Community Development.
People
Jim Rice, with the Information Technology Association of Wisconsin, announced his departure as the organization’s first president.
National Bio and Agro-Defense Facility Impact Report Released, Kansas Preferred Site
Budget Proposals Focus on States' Investment in Research, Workforce Training
India Plans to Double Investment in Scientific Research
Novel Metrics Incorporated into 2008 Version of State New Economy Index
TBED People and Organizations
Gov. Jim Douglas plans to merge the Vermont Departments of Economic Development and Housing and Community Affairs.
SSTI Job Postings
The Complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.
SSTI Editorial: FY08 Budget Request: Research Up; Economic Development Down
When one looks beyond the first few pages of many sections of the agencies’ fiscal year 2008 budget request summaries, the mental concept of a television rerun appears. As SSTI staff pored through the budget this week, several found ourselves saying, “Didn’t we read the same thing last year?”
Special Initiative: The American Competitiveness I
In fiscal year 2008, President Bush proposes $11.42 billion total to support the American Competitiveness Initiative (ACI) across the National Science Foundation (NSF), Department of Energy’s Office of Science (DOE SC), and the Department of Commerce’s National Institute of Standards and Technology laboratories (NIST).
Special Initiative: Climate Change
In this year’s State of the Union Address, President Bush announced that his FY 2008 budget request would contain funding to support research to eliminate the projected growth of automobile carbon dioxide emission within 10 years.
Department of Agriculture
The Administration request of $89 billion for the U.S. Department of Agriculture (USDA) budget is predicated on passage of the Administration’s version of the 2007 Farm Bill proposals. As designed, the Administration's 2007 farm bill proposals would spend approximately $10 billion less than the 2002 farm bill spent over the past five years, according to the USDA press release.
Department of Commerce
The Administration's FY 2008 discretionary budget request for the Department of Commerce (DOC) is $6.55 billion, a decrease in discretionary spending of $76 million from the FY06 appropriation. The department’s full-time equivalent staff would increase by 4,700 people between FY06 and FY08.
Funding for every DOC program or office supporting state and local TBED and traditional economic development programs would be cut deeply or proposed for elimination.
Department of Defense
The Administration’s FY 2008 budget request for the Department of Defense (DoD) totals $481.4 billion, an 11.3 percent increase over FY07. [Note: DoD’s FY07 appropriations bill was one of only two passed before the current fiscal year began. As a result, SSTI is able to provide comparisons between the FY08 request and the FY07 appropriations. Variance between FY08 request and FY07 appropriations is provided in parentheses.]
Department of Education
According to the U.S. Department of Education (ED), federal funding represents only 8.9 percent of America’s spending on elementary and secondary education during the 2006-07 school year. That share in FY 2008 would be $56 billion according to the Administration’s budget request for the agency.