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Agencies Prepare to Spend Stimulus Funds in Rapid Fashion
The American Recovery and Reinvestment Act (ARRA) signed by President Obama last week boosts the spending demands for several federal departments and agencies by a significant amount. For example, the National Institutes of Health (NIH) will be receiving $10.4 billion to spend on research activities, scientific instrumentation, and facility improvements. This compares to a FY2008 budget of almost $30 billion for NIH.
Tech Talkin' Govs, Part VI
The sixth installment of the Tech Talkin' Govs series includes highlights from state of the state addresses from governors in Tennessee and West Virginia.
Tennessee
Gov. Phil Bredesen, State of the State Address, Feb. 9, 2009
Canada's $2.3 Billion Investment in University Research Chairs
On Feb. 23, the Honorable Gary Goodyear, Canada's Minister for State (Science & Technology), announced the Government of Canada was distributing $120.4 million (all figures are Canadian dollars unless otherwise indicated) to 37 universities to support 134 new and renewed Canadian Research Chairs. The awards, the first for 2009 in the program started in 2000, include $6.6 million from the Canada Foundation for Innovation for research infrastructure to facilitate the work of 42 of the chairholders.
TBED People and Organizations
Kentucky Highlands Investment Corporation has named Jim Carroll as director of its Center for Entrepreneurial Growth.
SSTI Job Corner
The complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.
People
A big week for big cheeses:
People
Idaho Gov. Butch Otter selected James Ellick to head the Idaho Department of Commerce. Ellick brings a tech perspective to the department, having run four venture capital backed tech companies in Silicon Valley in his past.
People
Kentucky Gov. Ernie Fletcher named John Hindman, retired former vice president of strategic communications and public affairs for UPS Airlines, to run the state's Economic Development Cabinet.
People
John Mengacci, CEO of Connecticut Innovations, announced his resignation.
People
New Mexico Gov. Bill Richardson appointed Fred Mondragon as the director of the state's economic development department. Mondragon had been economic development director for the city of Albuquerque.
People
New York Gov. Elliot Spitzer nominated Edward Reinfurt to serve as executive director of the New York State Foundation for Science, Technology and Innovation. Reinfurt has been vice president of the Business Council of New York State, a statewide 4,000-member chamber of commerce, since its founding in 1980.
Funding for Energy-related Items
Department of Energy
ARRA includes $39 billion in stimulus funding for the Department of Energy (DoE) as part of the package's support for upgrading the country's infrastructure and power grid. DoE allocations include funding for the department's science office, research grants, and energy efficiency programs.
Increasing Access to Broadband
ARRA will provide $7.2 billion to upgrade the country's broadband infrastructure through the Department of Agriculture (USDA), the National Telecommunications and Information Administration (NTIA) and the Federal Communications Commission (FCC).
Appropriations for R&D-funding Agencies
The major federal R&D funding agencies all received significant funding through ARRA, including:
Department of Health and Human Services
A total of $10 billion will be provided to the National Institutes of Health (NIH), which will be distributed among the following entities:
Expanding Access to Capital
Department of Treasury
State Fiscal Relief
ARRA contains a number of provisions to provide fiscal relief to the states at a time of record deficits. Most attention has focused on the $53.6 billion provided through the State Fiscal Stabilization Fund, but the act also contains other provisions to assist the states.
Funding for Energy-related Items
Department of Energy
ARRA includes $39 billion in stimulus funding for the Department of Energy (DoE) as part of the package's support for upgrading the country's infrastructure and power grid. DoE allocations include funding for the department's science office, research grants, and energy efficiency programs.
Partnership Opportunities Available at SSTI's 2007 Conference
SSTI’s Annual Conference provides the opportunity to place your organization at the center of the tech-based economic development community, reinforce your brand, and build relationships in 2007 and beyond.
Federal R&D Shows Real Dollar Drop
Whichever version of the H.R. 1, the American Recovery and Reinvestment Act (ARRA), emerges from conference committee would provide a significant reversal to the direction spending has gone for the past four years for federal research and development, based on data released by the National Science Foundation during the past week. From FY 2005 through FY 2008, federal R&D obligations decreased 7.8 percent in constant dollars.
SSTI Co-Hosts TIP-MEP Regional Meeting on March 12
On March 12 from 1:00-5:00 p.m. in San Francisco, SSTI is co-hosting a meeting with officials from the Technology Innovation Program (TIP) and the Manufacturing Extension Partnership (MEP) that we would encourage you or one of your colleagues to attend. TIP and MEP are two of the most market-driven programs operated by the federal government. Both programs have launched new investments and innovative services in the last year. The meeting will give you a chance to learn about:
Wisconsin Governor Proposes Investor Tax Credit Expansion, Funds for Advanced Workforce Training
Gov. Jim Doyle unveiled today an economic stimulus plan for Wisconsin that includes a proposal to enhance tax credits for angel and venture investors in support of start-up technology companies. A coalition assembled to improve Wisconsin's existing investor tax credits law applauded the governor's announcement to refine the four-year-old program.
Connecticut Gov Latest to Propose Consolidating Economic Development Efforts
Adding to a growing number of governors proposing to consolidate state economic development agencies, Gov. Jodi Rell last week announced in her budget request her intention to overhaul Connecticut's job creation infrastructure by merging several state agencies into the Department of Economic and Community Development (DECD).