By a narrow margin, Ohio voters on Tuesday rejected a constitutional amendment that would have permitted the state to issue up to $500 million in bonds over 10 years to fund technology-based economic development projects. Defeated 51 percent to 49 percent, Issue 1 would have made up the final component of Gov. Bob Taft's proposed 10-year, $1.6 billion Third Frontier project. The remaining $1.1 billion is unaffected by Tuesday's vote.
State budget woes will continue into fiscal year 2005, reports the Washington-based Center on Budget and Policy Priorities. According to the five-page A Brief Overview of State Fiscal Conditions and the Effects of Federal Policies on State Budgets, FY05 estimates released by 21 state budget offices project a combined total shortfall of up to $33 billion — or 9 percent of those states' expenditures.
To stimulate business development and job growth in rural areas, officials of the U.S. Department of Agriculture (USDA) and the U.S. Small Business Administration (SBA) signed on Oct. 31 a collaborative agreement to create the Rural Business Investment Program (RBIP). The initiative will allow newly formed venture capital investment companies to leverage private capital funds with government financial assistance and to obtain both government and private grant resources for technical assistance.
Coupling manufacturing's sharp employment drop with the perennial struggles of a rural economy and the current economic downturn can cause massive struggles for many of the country's sparsely populated areas. The closure or significant downsizing of one manufacturing plant can be terminal for a small, rural town.
With the support of Maryland's Department of Business and Economic Development (DBED), BrainChild Maryland was launched this week to identify and capitalize on Maryland's most promising new technologies. The for-profit company will identify university and federal lab technologies that have the greatest potential for becoming viable products and services.
The process of registering trademarks in multiple countries became simpler on Nov. 2 when an international treaty administered by the World Intellectual Property Organization (WIPO) entered into force in the U.S.
Young, single, college-educated people are moving to large metropolitan areas, often to central cities — a trend that defies the general population’s outward migration from the same areas, according to a report based on Census 2000 data released by the U.S. Census Bureau today.
Based on the Census report and accompanying data, SSTI has prepared two summary tables presenting net migration figures for the 1995-2000 for each state and for the 276 Metropolitan Statistical Areas in the U.S. For each table, the jurisdictions are ranked by numerical gain or loss in migration.
120 Other Metro Areas included in Analysis for Northeast Ohio
As competition for leadership in stem cell research heats up across the nation, legal battles and the introduction of new legislation are becoming commonplace among many states. Following is a round-up of recent news on stem cell research legalities and legislation in several states.
One of the latest examples of the important role a foundation can play in tech-based economic development strategies comes from a recent $15 million donation to Tulsa University. The Chapman Trust, established after the deaths of Oklahoma oilman James Chapman and his wife Leta Chapman, made the donation to perpetually endow nine new junior faculty positions at the university.
The notion that, since a 2003 ruling, small businesses that are majority-owned by venture capital (VC) funds are being unfairly excluded from participating in the Small Business Innovation Research (SBIR) program is inaccurate, according to a recent study from the Government Accountability Office (GAO).
$10M Donation Funds Johns Hopkins Biomed Facility, Research Park
Regional migration patterns between 2000 and 2004 revealed a continuing net average annual in-migration in the South and the West and a net average annual out-migration in the Midwest and the Northeast, according to the Census Bureau’s latest report. Domestic Net Migration in the United States: 2000 to 2004 details recent patterns of population redistribution throughout the U.S. and provides migration data from 1990-2000 to show a historical perspective in migration patterns.
With a $310 million commitment passed by the state legislature and as much as $200 million in additional support from the county government, the California-based Scripps Research Institute has agreed to locate its first branch or satellite office in northwest Palm Beach County, Fla. In return for the financial support, Scripps is to work toward employing as many as 545 workers on the site by 2011.
In 2010, the end of Gov. Mike Round's second term – should South Dakota voters choose to grant him one – residents of the state will have several precise ways to measure whether or not he delivered on his economic development goals. Gov. Round's 2010 Initiative, released Oct. 15 at Mount Rushmore, is built on a few, very specific and quantifiable goals in tourism revenues, entrepreneurship, and R&D. They include:
America has fallen alarmingly behind other industrialized countries in access to and participation in college, which encompasses most education and training beyond high school, according to a study recently released by the Education Commission of the States (ECS).
Does it matter whether a start-up takes money from a large venture firm or a small venture firm? According to the just-released VentureOne Deal Terms Report, the answer is a resounding yes.
Arkansas Tech Council in Formative Stages
Editor's Note: Because there are so many great conferences of potential interest to the technology-based economic development community, SSTI typically limits announcements to the calendar page on our website. The timely nature of two upcoming events leads us to a rare break with our editorial policy.
Eight of the nation's leading scientists and engineers were named on Oct. 22 recipients of the 2002 National Medal of Science — the nation's highest honor for researchers who make major impacts in fields of science and engineering. Administered by the National Science Foundation (NSF) for the White House, the medal recognizes career-long, ground-breaking achievements and contributions to innovation, industry or education.
Looking to launch a biotech initiative? Getting into commercializing university research? Are tight budgets leading to more rigorous program evaluation?
Bruce Mehlman, assistant secretary of commerce for technology policy in the Department of Commerce, will become the new executive director of the Computer Systems Policy Project on Dec. 1. Mehlman has run the Technology Administration's Office of Technology Policy since 2001.
Bruce Mehlman, assistant secretary of commerce for technology policy in the Department of Commerce, will become the new executive director of the Computer Systems Policy Project on Dec. 1. Mehlman has run the Technology Administration's Office of Technology Policy since 2001.
The Association of University Research Parks has recognized Sandia National Laboratories for the 2003 Excellence in Technology Transfer Award. Over the past five years, Sandia has participated in 183 new cooperative research and development agreements with industry partners to jointly develop technology that is incorporated into commercial products.