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SSTI looks at Milken's State Technology & Science Index

The launch of a targeted small business development program designed to foster the success of new high growth, high-tech firms in Vermont was announced last month at a press conference by Sen. Patrick Leahy, Gov. James Douglas and University of Vermont (UVM) President Daniel Fogel.

Hydrogen and fuel cell technologies in Illinois could produce sustainable economic growth and environmental benefits for years to come, suggests a report recently released by the Illinois Coalition. Prepared by the Illinois 2 H2 Partnership, The Hydrogen Highway: Illinois’ Path to a Sustainable Economy and Environment looks to establish the state as an international leader in the fuel cell industry.

The jury's still out on the appropriate role or effectiveness of most tax credits to encourage tech-based economic development (TBED), but most politicians and economic development practitioners believe their state is at a competitive disadvantage without at least a few breaks.

Separate reports from the Foundation Center and The Chronicle of Philanthropy indicate that foundations will continue to see their assets recover in 2004. The studies provide differing views on estimated growth in giving for the upcoming year, however.

America loves lists of the top "fill in a number" for almost anything. When the almost anything is actually useful information, then a community or state's ranking can help guide public policy discussion toward moving up or down the list as would be deemed most desirable.

Best practices and a how to guide written by real practitioners of angel financing are just two of the new resources available through the Angel Capital Association (ACA). The following papers for understanding and growing a local seed capital activity within a region are available through the association's website:

Growing and keeping an educated workforce, one ready to help build a technology-based economy, is one of the greatest challenges even the most high-tech areas. The problem can be quite severe. For example, a new statewide survey of Florida college students, conducted by Leadership Florida and Nova Southeastern University, revealed that only 48 percent of the students plan to remain in Florida after graduation.

Partnerships for Innovation (PFI), a National Science Foundation (NSF) program started just last year, has released its Program Solicitation for FY 2001. The program will support 10-15 new government-university-industry partnerships that explore new approaches to support and sustain innovation. An academic institution must be the lead for the partnership 



The program was designed to: 

The Wyoming legislature wrapped up its 2001 General Session on March 1. Several laws and supplemental appropriations were made that affect local efforts to grow a stronger tech-based economy. 



Senate Enrolled Act (SEA) 10 permits the Wyoming Business Council to use state funds to provide bridge financing to businesses, not to exceed 35 percent of the total cost of any particular project. 

The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) has selected six more incubators to join the National Alliance of Clean Energy Business Incubators, formed by NREL in April 2000. Alliance member incubators will focus on accelerating the growth and development of U.S.

There is often a disconnect between government policies to encourage entrepreneurship and the actual practice of launching fast growing companies, according to the fourth major report from the National Commission on Entrepreneurship (NCOE). Five Myths about Entrepreneurs: Understanding How Businesses Start and Grow is being released to educate policymakers about the vitally different characteristics of entrepreneurs and traditional small business owners.

The state-by-state results for the 2000 SBIR Phase I awards — as reported individually by the 10 participating federal agencies and compiled by SSTI --- are presented in the accompanying table. Totals may not reflect new awards or cancellations made by an agency after the initial selection announcements. Abstract information for funded SBIR projects may be obtained on each agency’s SBIR website.

Editor’s Note: For the skeptical Digest reader that viewed our assertion in last week’s issue that there is an average of at least one incubator-related article published somewhere in the country each day. Since we have several clippings on hand, it is easy to provide more examples of the continuing explosion of communities and states using non-profit incubators as tools for developing and expanding tech-based economies.

President Bush has nominated Los Angeles resident Hector Barretto to serve as Administrator of the Small Business Administration. 



Philip Psilos is the new Director of Economic & Technology Policy for the National Governors' Association. 



Timothy A. Klein has been selected to become the Associate Administrator for Innovation, Research, and Education for the U.S. Department of Transportation.