A ballot proposal being put forth by Citizens for a Healthy Michigan would reduce funding for Michigan Life Sciences Corridor sponsored projects by nearly $50 million annually, estimates a report released by the Michigan Economic Development Corporation (MEDC). The annual reduction includes both the cut in direct funding and required matching funds for Corridor funded projects.
The Advanced Technology Program (ATP) has announced 40 awards potentially totaling $101.6 million in ATP funding matched by an industry cost-share of $92 million if carried through to completion. These awards were selected from proposals submitted to 2002 competition.
The Small Business Administration (SBA) recently named 27 states winners of the second Federal and State Technology Partnership (FAST) awards. At $100,000 each, the awards totaled $2.7 million. Created in December 2000 legislation that reauthorized the Small Business Innovation Research (SBIR) Program, FAST provides matching funds to enable states to augment or expand their tech business assistance and SBIR outreach efforts. The FY 2002 winners are:
Construction is underway for the Cool Springs Life Sciences Center (CSLSC), a $74 million biomedical research facility planned for Franklin, TN, 15 miles south of Nashville. When completed, the 10-acre center will be home to life sciences-focused R&D facilities for biotech, pharmaceutical and medical device companies.
The National Commission on Entrepreneurship (NCOE) has released the American Formula for Growth – Federal Policy and the Entrepreneurial Economy, 1958-1998, a report that provides an extensive review of the role of public policy during the “entrepreneurial revolution” of the past 40 years.
In the 1990s, the dialogue on information technology (IT) centered on dot.coms and e-commerce, and little focus was placed on the effect of IT on the labor market. Richard Freeman addresses this issue in The Labour Market in the New Information Economy, an NBER working paper released this month.
A Massachusetts Institute of Technology faculty committee has suggested that the university provide off-campus facilities to help faculty perform classified public service or research involving the nation’s security. In the Public Interest, a report of the Ad Hoc Faculty Committee on Access To and Disclosure of Scientific Information of MIT, presents recommendations for the university in handling classified work in the wake of the September 11 attacks.
The economic downturn and continuing state and local fiscal problems are not stopping most efforts to develop tech-based economies. Here are a few examples of recent groundbreakings from around the country.
NASA has selected 45 consortia in the National Space Grant College and Fellowship Program (Space Grant) to receive funding for aerospace workforce development. A total of $3.56 million is being awarded in response to the proposals submitted by the state organizations to NASA's Education Division in the Office of Human Resources and Education at Headquarters in Washington.
Peter Jobse has been named executive vice president and chief operating officer of Virginia's Center for Innovative Technology.
Patrick Jones, executive director of the Biotechnology Association of the Spokane Region, has been named executive director of Eastern Washington University's new Institute for Public Policy and Economic Analysis.
Peter Jobse has been named executive vice president and chief operating officer of Virginia's Center for Innovative Technology.
Patrick Jones, executive director of the Biotechnology Association of the Spokane Region, has been named executive director of Eastern Washington University's new Institute for Public Policy and Economic Analysis.
Dennis Lower of the Biomedical Research Foundation of Northwest Louisiana is the new leader of the Louisiana Economic Development Council.
Judy McKinney-Cherry is the new director of the Delaware Economic Development Office.
Carl Russell has resigned as president and CEO of Tucson Technology Incubator Inc. Bo Statham, a consultant to UniSource Energy Corp. on new business development and a client adviser at the incubator, has been named interim president.
Dr. Melvyn Schiavelli, senior program officer for the Harrisburg Polytechnic Development Corporation, has been named acting president and CEO, succeeding Dr. Charles Clevenger.
Lt. Gov. Gary Sherrer has left his position as secretary of the Kansas Department of Commerce and Housing to become executive vice president with GoldBanc Corp. Sherry Brown, who had retired from the department, will return to serve as interim secretary.
The National Science Foundation (NSF) recently announced 24 awards under the new Math and Science Partnership (MSP) Program — an anticipated investment of $240 million over five years in projects to improve the achievement of K-12 students in science and mathematics. The Department of Education is an NSF partner in this effort, co-funding two projects involving state education agencies.
Innovation Philadelphia (IP), the public-private partnership dedicated to enhancing the global innovation economy of Philadelphia through technological leadership, received on Monday a $442,500 investment from the U.S. Department of Commerce's Economic Development Administration.
Universities and the investment they pour into R&D are "major factors" that contribute to a region's economic growth, concludes a recent report funded by the Ewing Marion Kaufman Foundation, NCOE and the U.S. Small Business Administration (SBA). The report's results show the growth occurs in less time than traditionally has been noted and that small firms innovate at a rate almost twice that of large firms.
The continuing layoffs of thousands of workers, particularly in the information and communication tech sectors, creates significant hardships for the affected local and regional economies. For instance, a recent Federal Reserve Bank report noted office vacancy rates in Silicon Valley hovering around 40 percent.
Leslie McGranahan, in Unprepared for Boom or Bust: Understanding the Current State Fiscal Crisis, highlights the problems that are inherent in state policy when dealing with the cyclical behavior of the economy.
NASA has announced the Langley Research Center in Hampton, VA, will team with the National Institute of Aerospace Associates (NIAA), Reston, VA, to create the National Institute of Aerospace (NIA) to perform aerospace and atmospheric research, develop new technologies for the nation and help inspire the next generation of scientists and engineers.
The Association of American Universities has posted the text of a September 17 letter written by Rita Colwell, Director of the National Science Foundation (NSF), that outlines the Bush Administration's opposition to S. 2817, a bill to double the size of the NSF budget over a five-year period.
The future of Virginia's Center for Innovative Technology (CIT) became clearer on Wednesday with Governor Mark Warner's release of Commonwealth of Virginia Strategic Plan for Technology for 2002-2006. CIT has a lead position for half of the eight initiatives outlined in the 129-page document.
Highlights of "One Virginia," CIT's portion of the plan, call for: