Industrial R&D intensity, or measuring industrial research and development expenditures as a proportion of Gross State Product, is just one method to standardize the data for comparison across states (see the April 12, 2002 edition of the SSTI Weekly Digest). Reviewing a state's expenditures on the basis of its population is another technique.
The U.S. Small Business Administration has named Heath Copp as the Young Entrepreneur of the Year. Mr. Copp, 24, is a resident of Grand Forks, North Dakota.
Gary Neil Drummond has been elected chairmain of the board for the Economic Development Partnership of Alabama.
Joseph Hammang is leaving his position as director of science and technology at the Rhode Island Economic Policy Council to join the pharmaceutical giant, Pfizer, Inc.
The U.S. Small Business Administration has named Heath Copp as the Young Entrepreneur of the Year. Mr. Copp, 24, is a resident of Grand Forks, North Dakota.
Gary Neil Drummond has been elected chairmain of the board for the Economic Development Partnership of Alabama.
Joseph Hammang is leaving his position as director of science and technology at the Rhode Island Economic Policy Council to join the pharmaceutical giant, Pfizer, Inc.
John S. Maxson has been named as the new president of The Illinois Coalition. Mr. Maxson fills the position vacated by Shaye Mandle earlier this spring.
The Illinois Innovation Initiative has named Jerry Mitchell to serve as commercialization manager. Mr. Mitchell is also president of the Midwest Entrepreneurs Forum.
Sacramento's economic development director, Andy Plescia, is moving on to become a private development consultant.
Marguerite Wilbur has been named president and CEO of Joint Venture: Silicon Valley.
David Winder, currently executive director of the Utah Department of Community and Economic Development, has been appointed to a newly created post as Governor Mike Leavitt's special assistant for post-Olympic projects. According to the Salt Lake Tribune, Mr. Winder will serve both positions until a replacement is named for the DCED position.
The State of Colorado is creating an office to recruit and assist space technology businesses, the Associated Press reported. Approximately $240,000 has been raised for the office, which will be led by a yet-to-be-named "Colorado space advocate." One fourth of the funds are provided by the state, with the balance received from the private sector.
The Lehigh Valley Technology Network was launched mid-April in Bethlehem, Pennsylvania. Organizing efforts were led by the Lehigh Valley Chamber of Commerce, the Ben Franklin Technology Partners of Northeastern Pennsylvania and the Lehigh Valley Economic Development Corp. One of the Network's potential roles, according to The Morning Call, may be to serve as a liaison between high-tech entrepreneurs and a new angel capital group, the Northeast Pennsylvania Angel Network.
The New York New Media Association has been acquired by the Washington D.C.-based Software and Information Industry Association. At this time, the groups plan to maintain separate offices, staffs, boards, and memberships.
The first three installments of SSTI's annual look at how TBED will play in the 2005 legislative priorities of the governors can be found in the Digest archives on our website: http://www.ssti.org/Digest/digest.htm
Hawaii
If the success of its funded companies is revealing, the Maine Technology Institute (MTI) has done well to spur innovative activity in Maine, suggests an independent analysis recently released in the state.
Is Pennsylvania getting enough bang -- or the right bang -- from its investments in promoting a tech-based economy? The state has been one of the nation's leading public investors in technology-based economic development (TBED) for more than 20 years. Programs have evolved and been added over the years as factors affecting innovation and private sector growth changed. The result is now Pennsylvania's researchers and entrepreneurs have a complex portfolio of public-private resources available to them.
Goal is improved service delivery, advocacy for tech community
To produce a more focused and effective effort in the areas of commercialization and advocacy, the Illinois Coalition has divided into two separate public-private organizations.
The Kauffman Foundation recently launched "Giving Back to Entrepreneurship," a website dedicated to informing entrepreneurs how they can use their energy and creativity to support their communities and help jumpstart the next generation of entrepreneurs.
As a percentage, Silicon Valley has lost more jobs over the past four years than any U.S. metropolitan area since 1939, but evidence shows the region is stabilizing with a return to levels reminiscent of the late 1990s. Funding for venture capital is up, per capita income is increasing, and research and development funding has reached new highs. Yet, the region's most striking feature of late is, perhaps, the way it is growing, according to the 2005 Index of Silicon Valley.
Editor's Note: Last week's issue of the Digest included a Recent Research item, Are Leading Firms Team Players? that drew an animated reaction from a reader whose opinion SSTI holds in great respect because of his contributions to improving the understanding and delivery of technology-based economic development initiatives. As a result, Dr.
To help business incubator managers match start-up businesses with private investors through an Internet-based network, the National Business Incubation Association (NBIA) has partnered with LocalFund, Inc., a network service provider based in Billings, Mont.
Michigan Governor John Engler on Thursday unveiled NextEnergy— a comprehensive economic development plan to make Michigan a leader in the research, development, commercialization and manufacture of alternative energy technologies such as hydrogen fuel cells.
Preparing an index or report card is often a useful tool for tech-based economic development efforts to assess a geographic area's relative performance across selected statistics or indicators. The outcomes measured, if considered temporally, can help decision makers identify and shift policy and investment priorities for their community, region or state.
Mississippi Band of Choctaw Indians (MBCI) Tribal Chief Phillip Martin and Mississippi Technology Alliance President and Chief Executive Officer Angie Dvorak recently announced a partnership to help foster science-based economic development for the state of Mississippi. The alliance's partnership with a tribal government is possibly the first of its kind in the U.S.
Changes have led the business community to redefine its performance standards, government to rethink its goals and nonprofits to redouble their efforts to meet rising demands, according to a new report published by the Three Sector Initiative, a collaboration of seven organizations representing business, government and nonprofits.