With the goals of reducing crude oil consumption by a whopping 72 percent and identifying clean energy sources to cover 70 percent of the state’s energy needs by 2030, Hawaii has signed a memorandum of understanding (MOU) with the U.S. Department of Energy (DOE) to figure out exactly how to get the job done under the Hawaii Clean Energy Initiative.
Transforming as many small and medium-sized enterprises (SMEs) as possible into globally competitive firms is a challenge, as most TBED practitioners know. The complexity of combining all of Europe into a single market makes the work even more daunting.
To simplify the process for SMEs in more than 40 countries, the European Commission recently launched a consolidated Enterprise Europe Network. The network consolidates the older Euro Info Centres and the Innovation Relay Centres.
Gov. Rod Blagojevich unveiled a $25 billion capital plan supporting, in small part, several energy and technology projects, while at the same time eliminating funding in his fiscal year 2009 operating budget for several TBED-related programs within the Department of Commerce and Economic Opportunity (DCEO).
This year's edition of the Angel Capital Association's (ACA) Angel Group Confidence Report reveals that angel investors are "cautiously optimistic" about their opportunities in 2008, despite recent predictions of a slowdown for the overall U.S. economy. In a survey of ACA members, nearly 55 percent predicted that the number of angel investments made by their group and the total dollars invested will increase this year.
Across the nation, policymakers, business leaders, private foundations and nonprofit groups are investing in science, technology, engineering, and mathematics (STEM) graduates to maintain a competitive U.S. workforce. From middle school math and science labs to engineering-centered summer camps and tuition reimbursement for undergraduates who pursue these fields, there is widespread support for STEM graduates.
The best path to breaking the cycle of poverty from one generation to the next is a college degree, according to a new Brookings Institution report. Getting Ahead or Losing Ground: Economic Mobility in America reveals 41 percent of degree-holding people whose parents’ income placed their families in the bottom 20 percent of the population, or quintile, now have incomes placing them among the top 40 percent.
Analysts Say Request Going Nowhere
The last budget request of a lame duck administration rarely musters much attention from Congress as its focus is turned toward the next administration and, for entire the House of Representatives, its own re-election. Not one of the previous seven budgets of the Bush years has been passed on time, so no one in Washington expects this one to be the exception.
During the past two months, five reports have highlighted grim news for state budgets in fiscal year 2008, FY 2009 and beyond, brought on by declining revenues, the crisis in the housing market, increased oil prices, a potential national recession, and structure issues with state finances.
The Carolina Center for Competitive Economies (C3E) at the University of North Carolina, Chapel Hill, invites applications for the position of Associate Director for Research.
Temi Bova is the new director of Union College's U-start technology business incubator in Schenectady, N.Y.
The Ben Franklin Technology PArtners of Central and Northern Pennsylvania promoted Stephen Brawley to serve as president and CEO.
Temi Bova is the new director of Union College's U-start technology business incubator in Schenectady, N.Y.
The Ben Franklin Technology PArtners of Central and Northern Pennsylvania promoted Stephen Brawley to serve as president and CEO.
Alan Brown was named executive director of the Pennsylvania NanoMaterials Commercialization Center, a newly formed economic development initiative.
The Wright Center of Innovation for Advanced Data Management and Analysis changed its name to daytaOhio and named Paul Cashen as its new president.
Former Lansing Community College president Paula Cunningham is the new director of the Michigan Department of Labor and Economic Growth.
Dan Curran is the new director of the Business Development Division of the Nebraska Department of Development.
Ted Ford, former president and CEO of the Edison Welding Institute, recently was named president and CEO of TECHColumbus.
Sandy Johnson, interim CEO of the Mid-American Manufacturing Technology Center, was appointed to the position on a permanent basis.
Roger Kilmer was appointed director of the Hollings Manufacturing Extension Partnership program at the National Institute of Standards and Technology. Kilmer served as acting director since Kevin Carr's departure last June.
Sean O'Kane, commissioner of the New Hampshire Department of Resources and Economic Development, is resigning from the position at the end of his two-year term in March to return to the private sector.
BioFlorida President Diana Robinson is leaving to join a private venture capital company once her replacement is selected.
Tim Rubald, interim executive director of the Nevada Commission on Economic Development, was appointed to the position on a permanent basis.
Harvard University President Lawrence Summers announced his resignation this afternoon. Former Harvard president Derek Bok is to serve as interim president for the university.
According to the latest index from JointVenture Silicon Valley, 2007 looks like a pretty good year compared to 2006 when you look at many standard measures of economic performance. There were 28,000 new jobs created, a 1.5 percent increase in population, and 21 percent growth in solar and wind energy installations. Water use also dropped 6 percent, venture capital investments were up 11 percent, median household income rose, and city revenues were up 37 percent.
The agricultural states that lie east of the Rocky Mountains are at the center of an escalating decline in population, far exceeding that of other regions of the country. Of particular concern is the effect of population loss among young, educated workers on the states’ economies, resulting in a brain drain that could leave the region lagging the rest of the nation for many years to come.