The number of tech workers immigrating to the U.S. for jobs in the IT industry are down more than 50 percent compared to a year ago, according to figures released by the Immigration and Naturalization Service (INS) this week. With hundreds of dot-com closures and tens of thousands of layoffs in the information and communication technology industries, the drop was expected by many analysts.
Recognizing the potential economic impact of biotech, nearly every state, most colleges and dozens of communities are developing programs to build bio-based economies. Everyone wants a piece of what may be the guiding field for industrial transformation over the next several decades. Is there enough bio for everyone? What strategies work for building bio-based economies? What approaches are states and localities taking, and what's working?
U.S. Senator Olympia J. Snowe (R-Maine), Chair of the Senate Committee on Small Business and Entrepreneurship, has called on the Senate’s top appropriators to help reverse budget elimination of two key programs designed to strengthen the technological competitiveness of small businesses.
A bi-partisan group of Senators have cosponsored the "New Homestead Economic Opportunity Act" to help renew the promise of the original Homestead Act to attract new residents and businesses to rural areas suffering from high out-migration. Introduced by Senator Bryon Dorgan (D-ND) and Chuck Hagel (R-NE) this week, the bill provides incentive tools including a $3 billion venture capital fund.
The United States Patent and Trademark Office has posted a preliminary list of the 10 U.S. universities receiving the most patents for inventions during calendar year 2002. The University of California tops the list for the ninth consecutive year. The table below also presents the school's 2001 ranking and total.
Wrapping up its 2003 session earlier this month, the West Virginia State Legislature passed three bills designed to help build a technology-based economy.
Earlier this week, Colorado Chief Technology Officer John Hansen released a statewide plan to develop biotechnology and life sciences industry sectors in Colorado. Colorado's Place in the Sun: A Bioscience Future provides analysis, direction and recommended actions for three key sector areas — workforce development, business development, and research development.
Conventional wisdom in the technology-based economic development community is that increased access to risk capital is critical for building competitive economies. Establishing a causal relationship between early-stage capital and employment growth external to the companies receiving the funds has been difficult, however.
The Southern Growth Policies Board has released a toolkit to help communities understand the knowledge economy and how new economic forces affect quality of life and economic development. Seeing the Future: The Knowledge Economy seeks to inform people about the knowledge, skills and resources needed to compete in today’s economy.
Last week, the National Science Foundation (NSF) released the latest edition of Characteristics of Doctoral Scientists and Engineers in the United States, which reports characteristics for 2001. Valuable data is presented in the report on the demographic and employment characteristics of doctoral scientists and engineers in the U.S.
Tucson gains Community Investment Business Center, New Tech Park building
The National Institute of Standards and Technology of the U.S. Department of Commerce has announced it is accepting proposals from organizations in Florida, Hawaii and South Dakota to establish Manufacturing Technology Centers under the Manufacturing Extension Partnership (MEP) Program. Approximately $4 million will be available to support these centers.
Rhode Island, like nearly every state in the country, is facing a projected budget deficit in FY 2004. To deal with a $175 million or 6.6 percent shortfall, 21 agencies are facing budget reductions in Governor Don Carcieri's first budget request to the Rhode Island General Assembly. However, demonstrating his commitment to "make strategic investments to promote job growth," Gov. Carcieri calls for increased support for several tech-based economic development initiatives.
Three-quarters of the nation's cities surveyed by the National League of Cities (NLC) report they are less able to meet their financial needs this year than they were a year ago. This is a sharp increase over the 55 percent of cities that said they were less able to meet financial needs in last year's survey by NLC, the oldest and largest national organization for American cities.
Washington State still ranks first nationally in the creation of new companies, according to the third annual Index of Innovation and Technology released by the Washington Technology Center (WTC), a state-funded organization that fosters technology employment growth. The Index also shows the number of patents earned by Washington inventors increased by 11 percent from 2000 to 2001.
Minnesota manufacturers are cutting payrolls, bidding low and scrambling to compete with the giant threat of cheap labor and enhanced manufacturing facilities offered in China, according to a recent survey of Greater Minnesota manufacturing companies.
Around the country, the current funding climate is forcing some technology groups to explore new relationships with each other, including consolidation. In other cases, it just makes good sense. For example, two of Maine's environmental and energy technology organizations are joining forces with the goal of advancing job growth, R&D and new product commercialization within their overlapping industries.
Encouraging innovation is an important part of the bottom line for many state and local technology-based economic development programs. The advantages or "spillover effects" of growing localized knowledge economies or concentrations of researchers and technology firms has been studied by academia for more than two decades. Much of the attention of that analysis and of subsequent public policy has been on the knowledge or process side of innovation.
The National Science Foundation (NSF) has announced it intends to award approximately $30 million in FY 2005 funding under the Science and Technology Centers (STC): Integrative Partnerships program. NSF is encouraging proposals for high quality innovative research projects that undertake investigations across or within disciplines.
To better formulate technology and telecommunications policy, U.S.
In these tight state fiscal times, many government functions would view level funding with the previous year as very good news. Since tech-based economic development (TBED) programs are investments toward economic prosperity, conventional wisdom would hold that legislatures would shield these types of investments from deep cuts.
Minnesota Governor Tim Pawlenty recently unveiled a plan to help make Minnesota a leader in biosciences. Governor Pawlenty says the state's history, expertise and economic infrastructure make it better prepared than most other states to capitalize on the bioscience industry.
The Wisconsin Venture Network (WVN) in Milwaukee has folded into the Wisconsin Innovation Network (WIN) Foundation in Madison, and the combined WIN entity has become a subsidiary of the Wisconsin Technology Council.
A higher rate of entrepreneurial activity is strongly connected with faster growth of a local economy, the U.S. Census Bureau reports in Endogenous Growth and Entrepreneurial Activity in Cities. The recent working paper, prepared by the Bureau's Center for Economic Studies, examines the connection between knowledge spillover and economic growth in a regional economy.
Despite an economic slowdown, the Twin Cities is more competitive than it was a year ago, according to a study released by the Great North Alliance, a regional civic leadership organization. Conducted annually, the Great North Opportunity Forecast uses regional productivity and innovation to predict future competitiveness and opportunity.