California's Treasurer Phil Angelides called earlier this month for the nation's largest and third largest pension funds to invest at least $1.5 billion into environmental technologies and environmentally responsible companies.
The Fund for Our Economic Future, a new collaboration of Northeast Ohio private, community and corporate foundations to support regional economic development, has secured more than $22 million in commitments and is expected to grow to $30 million. Launched last week, the fund is believed to be the largest and most comprehensive philanthropic collaboration of its kind in the U.S.
As promised in her 2004 State of the State Address, Gov. Ruth Ann Minner released a New Economy Initiative last week that includes several new elements to encourage economic growth in Delaware. The $34 million package is expected to generate at least $16 million more in federal and private match. Many of the elements of the plan were recommended by the governor's Strategic Economic Council.
Advanced research grants and equity financing are just two items slated for funding in Maine Gov. John Baldacci's $120 million revenue bond package, unveiled last week. The tech-based economic development (TBED) items would receive a combined $7 million in funding. The largest portion of the governor's package, $65 million, is dedicated to land conservation and parks. Other elements address housing, health and environmental issues.
"We cannot be satisfied with simply passing stem cell research legislation."
A new plan to grow North Carolina's biotech industry to 48,000 jobs by 2013 and 125,000 by 2023 was released earlier this month by the North Carolina Biotechnology Center, a state-supported nonprofit organization. If implemented, the 108-page plan would cost up to $650 million over five years. That figure does not include the "to be determined" cost for 15 of the plan's 54 recommendations.
The 54 action steps span a variety of objectives:
Science policy and tech-based economic development have taken center stage in Idaho with last week’s release of the Idaho Science and Technology Strategy and the supporting new initiatives included in Governor Dirk Kempthorne’s recent budget message.
Editor's Note: The third installment of SSTI's look at recent speeches and budget proposals to demonstrate the priority governors are placing on tech-based economic development and math & science education.
Georgia
Governor Roy Barnes, FY2002 Budget Address, January 11, 2001
– new and increased funding
With his past efforts to strengthen the state’s position in the tech-based economy, new Texas Governor Rick Perry’s budget priorities — $251 million in new spending for college scholarships and math & science programs — should come as no surprise.
An initiative to provide computer training to local teenagers to help jumpstart their information technology careers was launched earlier this month in Minneapolis. The Community IT Learning Center is the result of a partnership involving a North Minneapolis-based youth development organization, two local technology training companies, and Microsoft.
A new resource for tech-based businesses in rural Ohio, Eastern Kentucky, and West Virginia was launched last week. The Appalachian Regional Entrepreneurship Initiative (AREI) is expanding its efforts to support growth of a technology-based entrepreneurial economy in Appalachia Ohio and neighboring states through a new website, http://www.bizfirststop.com
The Maine Science and Technology Foundation has launched http://www.mainescience.org -- a single website clearinghouse for businesses, researchers, educators, students and the public looking for information on science and technology in Maine. Under the headings of Quest, Brainpower, Happenings, and Commerce, the site:
Total research and development investment in the United States was strong in 2000, and is expected to increase about five percent in 2001, according to two separate reports recently released by Battelle Memorial Institute and the National Science Foundation.
Editor's Note: We continue our look at the priority Governors are placing on tech-based economic development and math & science education with highlights from recent speeches and budget proposals. Based on this week's announcements, it appears 2001 appears will be a third strong growth year for state and local tech-based economic development activities.
The National Telecommunications and Information Administration is now accepting applications for funding through the Technology Opportunities Program (TOP). The purpose of the matching grants is to extend the benefits of advanced telecommunications technologies to all Americans, especially those in inaccessible, rural, and under-served urban communities. Entities eligible to apply include state, local, and tribal governments, colleges and universities, and non-profit entities.
With Congressional approval, the Department of Homeland Security's principal research unit could receive a substantial increase in its fiscal year 2005 budget. The Administration's FY05 request for the Science and Technology Directorate is $1.039 billion -- 13.8 percent higher than the FY04 appropriation level of $913 million.
Venture capital (VC) investments in the U.S. continued to surge in the fourth quarter of 2003, two independent reports show. Among highlights, investment in life sciences companies outpaced other industry sectors. The sector's $4.89 billion total for the full year 2003 is the highest proportion directed to the life sciences in the last 12 years, according to the PricewaterhouseCoopers/Thomson Venture Economics/National Venture Capital Association MoneyTree™ Survey.
As the nation's economy shifts to knowledge- and technology-based industries, Mississippi's colleges and universities must provide expertise and leadership to attract new jobs and build a stable state economy, members of a special committee told the state House of Representatives last week.
In SSTI's final look at the 2004 State of the State and Budget addresses, the importance of building tech-based economies continues to be emphasized by governors across the country. Below are excerpts from speeches given in Alabama, Maryland, Minnesota, Oklahoma, Pennsylvania and Rhode Island.
National Science Foundation (NSF) Director Rita Colwell has announced her retirement from the foundation, effective Feb. 21, 2004. Dr. Colwell took office at NSF in August of 1998. With five-and-a-half years as NSF's leader, Dr. Colwell is the third longest-serving director in the Foundation's 54-year history.
Whether it is proposal A, proposal B, or some combination of A and B, university research and development efforts in New York stand to gain an additional $40-50 million per year for the next five years. The new funding would be in addition to the $135 million injection of state funding directed toward university research excellence through the New York State Office of Science, Technology and Academic Research (NYSTAR).
In December, Governor Bill Janklow created the South Dakota Math, Science and Technology Council to encourage more interest in math, science, and technology at all levels of education. The council's duties include: identifying major opportunities for coordinating math, science, technology and research efforts; promoting coordination of public and private initiatives in those areas; pursuing federal and private funding; and, identifying ways to create jobs in South Dakota in those areas.
NASA has selected 280 research proposals across 37 states for negotiation of Phase I contract awards for its 2000 Small Business Innovation Research (SBIR) Program. The total value of the awards is expected to be more than $19 million, $1 million less than a year ago. The space agency made 290 awards in the 1999 solicitation cycle.
An increasingly recognized and critical component of building a tech-based economy is the integration of university or college research and training capabilities into the local economic development strategy. While considerable attention is paid to the regional impact of large research institutions, not every community is home to an MIT, University of Texas, or Stanford.
Editor’s Note: During the next few weeks, nearly every Governor will present a State of the State and/or budget address outlining new initiatives or priorities for the upcoming year. In the past, SSTI has compiled excerpts relevant to tech-based economic development for publication. This year we will highlight significant proposals in the SSTI Weekly Digest and provide links to the actual speech, related background, press releases, etc.