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The creation and subsidization of CAPCOs, certified capital corporations intended to encourage venture capital (VC) investment, is one of the more controversial policies some states have adopted to encourage the growth of tech-based economies. With substantial revisions to Colorado's short CAPCO experiment this month, questions are raised once again for other states that either have passed or are considering various approaches to increasing the availability of risk capital for new tech firms.

Legislators in Utah have passed a constitutional amendment that, with approval by voters, would allow the state's universities to take ownership in private businesses in exchange for intellectual property. The proposed amendment cleared the Utah State Legislature with relative ease, despite some concerns it will thwart the incentive of researchers wanting to commercialize their results.

With the goal of encouraging interdisciplinary and collaborative research, the Research Business Models Subcommittee of the National Science and Technology Council (NSTC) has issued a list of initiatives to improve management of academic research grants made by various agencies of the federal government. The recommendations are also expected to result in greater consistency across agencies in award policies and reporting requirements.

With contributions of nearly $64 billion annually to the gross state product, manufacturing remains the largest of all industry sectors in Pennsylvania, according to a new report sponsored by the Team Pennsylvania Foundation. Data released by the nonprofit public-private partnership documents the role of manufacturing in Pennsylvania and analyzes the forces shaping the future of the industry.

The Massachusetts Technology Collaborative (MTC) announces the creation of the Innovation Systems Division and a unique economic development initiative, the John Adams Innovation Institute, a vehicle for the state to make strategic investments in its knowledge economy.

Few economic sectors have experienced the combined economic, technological, social, biological, and – now with threats of mad cow and foot-and-mouth diseases – medical pressures that confront American agriculture. Adding the challenges of competing in the knowledge-based economy presents a formidable task for rural regions.

Complementing California’s support for New Valley Connexion, described above, is the state’s $2 million Rural E-Commerce program. Administered by the Division of Science, Technology and Innovation within the California Technology, Trade & Commerce Agency, Rural E-Commerce provides grants to non-profit organizations, educational institutions, and local governments for innovative, community-driven solutions to the telecommunications challenges faced by rural residents.

Eliminating all state taxes on long-term capital gains and providing incentives to encourage biotech start-ups and investment are among the recommendations advanced in The Competitive Edge: Rethinking Rhode Island Tax Policy for Success in the New Economy, the first report from the Tax Competitiveness Committee of the Rhode Island Economic Policy Council (RIEPC).

With 26 percent more of its workforce involved in information technology (IT) than the national average and with IT-producing industries growing faster in the state than the national average, Connecticut has possibly felt the pinch of the IT worker shortage more than other parts of the country. Add to that the fact that the number of IT-related graduates from the state’s universities and community colleges declined during the late 1990s.

President Bush has announced several more nominations for key positions for the tech-based economic development community, including:

President Bush has announced several more nominations for key positions for the tech-based economic development community, including:

Roberto Salazar is leaving his post as the Director of the New Mexico Office of Science and Technology at the end of March to assume the position of State Director of the USDA's Rural Development Agency for New Mexico.

The SSTI Weekly Digest will be taking a brief spring break and will resume publication on Friday, April 6.

The U.S. Department of Agriculture and the National Institutes of Health released information on 51 inventions that are available for license. Descriptions and contact information for each invention/patent are presented on the accompanying SSTI web page: http://www.ssti.org/Digest/Tables/031601t.htm