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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.
People
A big week for big cheeses:
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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.
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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.
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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.
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).
Useful Stats: Gross Domestic Product by Metro, Per Capita GDP by Metro 2002-2006
According to the most recent release of gross domestic product (GDP) by metro area, 23 of the nation's 363 metro areas experienced a decrease in inflation-adjusted GDP from 2002 to 2006. Benchmarking against the aggregate U.S. metro GDP growth rate over those five years - which increased 12.8 percent - 167 of the nation's metros grew at a faster rate.
SSTI Job Corner
The complete description of this opportunity and others are available at http://www.ssti.org/posting.htm.
Lake agrees to boost business incubator
LEESBURG -- Lake County commissioners agreed to partner with the city and the University of Central Florida to beef up a business incubator in hopes of attracting more start-up companies.
The partnership includes $85,000 in county funds for the UCF Research Foundation to support the incubator's staffing. The incubator, which was created last year, is at the Leesburg Business & Technology Center on Market Street.
Status of major legislation
Status of some of the major legislation in the 2009 session of the 52nd Oklahoma Legislature as of Feb. 6:
SB 1 by Gumm NICK'S LAW: Would mandate coverage by private health insurers of the diagnosis and treatment of autism. Referred to Senate Retirement and Insurance Committee.
SB 59 by Rice VETERANS INSURANCE: Would make some uninsured veterans eligible for a state premium assistance insurance program. Passed by the Senate Appropriations Subcommittee on Health and Human Services, sent to full Senate.
GOV. GREGOIRE APPLAUDS ECONOMIC DEVELOPMENT COMMISSION STRATEGIC PLAN
DATELINE: OLYMPIA, Wash.
Gov. Christine Gregoire, D-Wash., issued the following press release:
Gov. Chris Gregoire today praised the state's Economic Development Commission, which just released its strategic plan to help guide Washington as it develops a stronger, 21st century economy.
SSTI Job Corner
Complete descriptions of the position openings described below are available at http://www.ssti.org/posting.htm.
People
The Arkansas Department of Economic Development has been renamed the Arkansas Economic Development Commission.
Leadership Oklahoma announced that Doug Fuller will be the organization's new director, effective May 7.
People
The Arkansas Department of Economic Development has been renamed the Arkansas Economic Development Commission.