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People

Monday, June 13, 2005

President Bush has nominated Dr. William Jeffrey as director of the National Institute of Standards and Technology (NIST). The nomination is subject to Senate confirmation.

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People

Monday, June 13, 2005

Bob Shriver recently resigned as director of the Nevada Commission on Economic Development. Tim Rubald, the commission's director of business development, has been named interim director.

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Connecticut Commits $100M for Stem CellsMassachusetts Overrides Gov's Stem Cell Veto

Monday, May 30, 2005

Yesterday proved a big day for supporters of stem cell research as measures advanced in both Connecticut and Massachusetts. The Massachusetts law described in the May 16 issue of the Digest became law immediately after the state Senate voted 35-2 and the House voted 112-42 to override Gov. Mitt Romney's veto.

  • Read more about Connecticut Commits $100M for Stem CellsMassachusetts Overrides Gov's Stem Cell Veto

SACI Misses First Cut on House Budget

Monday, May 30, 2005

The Administration's proposal to replace 18 federal programs targeting different elements of community and economic development with a single, smaller program called the Strengthening America's Communities Initiative (SACI) received another blow last week (see the Feb. 14 issue of the Digest for more information on SACI).

  • Read more about SACI Misses First Cut on House Budget

NY S&T Office to Become Public Foundation

Monday, May 30, 2005

New York's lead agency for promoting tech-based economic development (TBED) in the state soon will have a new name, if not a complete makeover. Under enacted budget legislation, the New York Office of Science, Technology and Academic Research (NYSTAR) will become the New York State Foundation for Science, Technology and Innovation by Jan. 1, 2006.

  • Read more about NY S&T Office to Become Public Foundation

Louisiana Business & Technology Center Awarded for Sustained Success

Monday, May 30, 2005

Louisiana State University's Business and Technology Center (LBTC) recently received the National Business Incubation Association's (NBIA) 2005 Randall M. Whaley Incubator of the Year award, recognizing overall excellence in business incubation programs. The award is NBIA's most prestigious honor, presented as a tribute to NBIA's first chairman.

  • Read more about Louisiana Business & Technology Center Awarded for Sustained Success

U.S. Leads World in Nanotech - For Now

Monday, May 30, 2005

The U.S. is currently the global leader in nanotechnology R&D, number of nanotechnology start-up companies, and research output as measured by patents and publications. However, that role is under increasing competitive pressure from other nations, according to an assessment of the multi-agency National Nanotechnology Initiative (NNI), which organizes federal nanotechnology research.

  • Read more about U.S. Leads World in Nanotech - For Now

States Commit to Worker Training Programs for Economic Growth

Monday, May 30, 2005

Recognizing the benefits of a skilled workforce to match the new manufacturing and high-tech jobs of the 21st Century, states are turning to worker training and retraining programs in order to remain economically competitive. During the past month, Tennessee, Nebraska and Connecticut committed a combined total of $37 million for worker training initiatives.

  • Read more about States Commit to Worker Training Programs for Economic Growth

Ship Out to Shape Up: Pakistan Sending 15,000 Students Abroad

Monday, May 30, 2005

While many regions, states and countries are lamenting a drain of talent from their area, the Pakistan Higher Education Commission is taking an opposite strategy to strengthen the nation's science and research capacity: sending up to 15,000 of its brightest students to study selected disciplines abroad through its Foreign Ph.D. Scholarship Program.

  • Read more about Ship Out to Shape Up: Pakistan Sending 15,000 Students Abroad

China's Goal: Quadruple GDP by 2020

Monday, May 30, 2005

In the opening ceremony of the 2005 FORTUNE Global Forum, held in Beijing on May 16, Chinese President Hu Jintao broadly outlined the course his country is taking to reach a goal of quadrupling its 2000 Gross Domestic Product (GDP) by the year 2020. Science, technology and innovation figure prominently in the strategy.

  • Read more about China's Goal: Quadruple GDP by 2020

Washington Creates $350M Life Science Fund

Monday, May 16, 2005

Washington Gov. Christine Gregoire last week signed a bill creating the Life Sciences Discovery Fund (see the Feb. 7 issue of the Digest).

  • Read more about Washington Creates $350M Life Science Fund

The Up and Down of CAPCO Programs

Monday, May 16, 2005

One starts up. Another bites the dust. The Certified Capital Company (CAPCO) Program, a complicated and controversial tool used by some states to encourage venture capital investments, finds its beginnings in one region while seeing its demise in yet another.

  • Read more about The Up and Down of CAPCO Programs

Arizona Angel Capital Tax Credit Passes

Monday, May 16, 2005

Arizona's investment and technology communities are the anticipated winners from the state legislature's recent passage of a tax credit encouraging angel capital investments in start-up Arizona tech firms.

  • Read more about Arizona Angel Capital Tax Credit Passes

Massachusetts Gov. Returns Stem Cell Bill to Legislature

Monday, May 16, 2005

As expected, Massachusetts Gov. Mitt Romney rejected last week Senate Bill 2039, the bill supporting stem cell research. Exercising a power not enjoyed by all governors, Gov. Romney sent the measure back to the legislature with four amendments for consideration, rather than vetoing the measure.

  • Read more about Massachusetts Gov. Returns Stem Cell Bill to Legislature

ConnectKentucky Unveils Maps to Identify Gaps in Broadband Service

Monday, May 16, 2005

Moving forward with the governor's statewide broadband initiative, the ConnectKentucky Steering Committee and Gov. Ernie Fletcher recently unveiled Phase I Maps to illustrate service gaps and to serve as an economic development resource for communities.

  • Read more about ConnectKentucky Unveils Maps to Identify Gaps in Broadband Service

Rhode Island Going Wireless?

Monday, May 16, 2005

While many states are striving to increase broadband availability (see the Kentucky story above, for example), a Providence-based nonprofit released a study this month promoting the feasibility of making Rhode Island the first entirely networked state for broadband wireless.

  • Read more about Rhode Island Going Wireless?

Task Force Created to Attract VC to Southern Region

Monday, May 16, 2005

The South represents 20 percent of the nation's economic activity but attracts only 9 percent of the total U.S. venture capital invested. In an effort to bring those numbers closer together, the Southern Growth Policies Board recently announced the creation of a multi-state task force dubbed VentureSouth. Virginia Gov.

  • Read more about Task Force Created to Attract VC to Southern Region

Parents' Attitudes Toward Higher Ed May Present Barrier to TBED

Monday, May 16, 2005

Sometimes when people are surrounded by others who share backgrounds, beliefs or opinions, they assume everyone thinks that way -- or should. It is one of the negative side effects or symptoms of the phenomenon known as "group think."

  • Read more about Parents' Attitudes Toward Higher Ed May Present Barrier to TBED

Three for Rural America

Monday, May 16, 2005

Encouraging economic growth in rural America is the topic of a recent report, a new $500 million economic development investment program, and an upcoming conference worth further investigation.

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Useful Stats: State Population Projections Through 2030

Monday, May 16, 2005

A child born in the U.S. today who obtains a master's degree directly after college and high school will have been in the job market for only 1-2 years in 2030. Many people in the tech-based economic development community want that girl or boy to study math, science or engineering. A more basic question, though, is where will that child live as a young adult?

  • Read more about Useful Stats: State Population Projections Through 2030

SSTI 2005 Conference Update

Monday, May 16, 2005

The first conference mailer went to the post office yesterday, but we're too excited to delay announcing that the website for SSTI's 9th Annual Conference is now available to accept registrations and provide preliminary information for the tech-based economic development (TBED) community's premier professional development event of the year. The conference will be held on Oct.

  • Read more about SSTI 2005 Conference Update

European Commission Commits $5.4B (US) toward Innovation

Monday, May 2, 2005

While Congress and the Administration are looking for ways to flatten or even reduce spending for research, entrepreneurship and innovation, leaders on the other side of the pond are committing hard currency to strengthening Europe's position in the global, tech-based economy.

  • Read more about European Commission Commits $5.4B (US) toward Innovation

North Dakota Legislature Commits $50M for Centers of Excellence

Monday, May 2, 2005

With the recent passage of the state's biennial budget, North Dakota's universities and colleges can now compete for a share of $20 million in matching funds to create Centers of Excellence. The money is the first installment of the state legislature's $50 million commitment to the Centers program, which is the centerpiece of Gov. John Hoeven's initiatives to transform the state's economy toward science and technology.

  • Read more about North Dakota Legislature Commits $50M for Centers of Excellence

Ohio's Third Frontier to Make Second Pass on Quasi-Transportation/Economic Development Ballot Initiative

Monday, May 2, 2005

A ballot initiative designed to bolster the Ohio economy and create jobs by continuing the state’s public works infrastructure program and supporting the commercialization of science and technology-based research was announced last week by Gov. Bob Taft and other legislative leaders. The initiative, to appear on the Nov.

  • Read more about Ohio's Third Frontier to Make Second Pass on Quasi-Transportation/Economic Development Ballot Initiative

Rhode Island Gov. Establishes S&T Advisory Council and Manufacturing Partnership

Monday, May 2, 2005

Gov. Donald Carcieri last month announced two new initiatives targeting Rhode Island's science and technology (S&T) and manufacturing industries. On April 12, Gov. Carcieri signed an Executive Order creating the Science & Technology Advisory Council.

  • Read more about Rhode Island Gov. Establishes S&T Advisory Council and Manufacturing Partnership

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Recent news from SSTI Weekly Digest

What the proposed redefinition of “professional degrees” might mean for institutions, sectors, and workforce pipelines

Monday, November 24, 2025

The federal student loan landscape is undergoing its most sweeping restructuring in decades. Under the One Big Beautiful Bill Act (OBBBA) of 2025 and the U.S. Department of Education’s (ED's) proposed regulations, the definition of “professional degree” is being reinterpreted, sharply reducing the number of students eligible for the higher federal loan caps reserved for professional training.

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Recent Research: Do mergers and acquisitions spur more or less innovation?

Monday, November 24, 2025

With fewer than 1,000 Initial Public Offerings in any year, the most common exit strategy for investors in early-stage innovation firms is to find an acquisition opportunity. For the broader economic goal of encouraging innovation because it drives growth and societal progress, when large firms acquire smaller, innovative companies, does it promote innovation, or does it primarily help dominant players thwart possible competition and consolidate market power?

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TBED Works: TBED organization supports the creation of entrepreneurship ecosystems throughout Indiana

Monday, November 24, 2025

Technology-based economic development organizations work with economic development professionals throughout the U.S. to help build their local innovation and entrepreneurship ecosystems. Sometimes, bringing in outside expertise with established networks to R&D and finance can accelerate the local capacity to support innovation-driven startups. gener8tor, a venture capital and startup accelerator founded in Wisconsin, is one such example of external partners supporting TBED capacity building anywhere.

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