On October 1, Texas will begin offering a tax credit for business research and development expenditures. The new law, Texas Senate Bill 441, provides Texas corporations with a franchise tax credit equal to five percent of eligible R&D expenses for up to 50 percent of a company’s total franchise tax liability. Unused portions may be carried forward for up to 20 years.
To help small businesses participate fully in the expected e-commerce revolution, Senator Bingaman (D-NM) has introduced legislation to create a national e-commerce extension program. Senators Rockefeller (D-WVa), Snowe (R-ME) and Mikulski (D-MD) are co-sponsors of the bill, S. 1494.
There is potential trouble ahead for R&D and those states with relatively low levels of federal support will be impacted most severely, according to the Massachusetts Technology Collaborative's Analysis of the Impact of FY 2000 Federal R&D Investment Scenarios on Economic Growth.
Technology-based economic growth can be extremely beneficial to metropolitan areas, but comes with risks, according to America's High Tech Economy: Growth, Development, and Risks for Metropolitan Areas. The report was prepared by the Milken Institute, a non-profit economic think tank founded by Michael Milken.
Among the report's findings are:
The National Science Foundation (NSF) has committed almost $94 million over the next five years in matching funds for five new Science & Technology Centers (STC). The new centers join 23 existing centers that were selected in 1989 and 1991. (Two more original STCs cease to exist.)
Innovation indices or "S&T report cards" have grown increasingly popular over the past few years on both state and local levels. The trend has now reached the national level with the release last week of the Progressive Policy Institute's, The State New Economy Index.
Serious deficiencies in pre-college education and wavering support for basic research may erode the nation's ability to convert science and technology into new products, jobs, and profits and decrease the prospects of better lives for U.S. citizens, according to a new book from the National Research Council (NRC).
The Department of Energy has announced the selection of 204 Phase I awards under the 1999 Small Business Innovation Research (SBIR) Program. The grants were made to companies in the 31 states listed in the accompanying table. More detailed information for each award can be found on the newly redesigned DOE SBIR website: http://www.sbir.er.doe.gov/sbir
Preparation of S&T indicators on a local or regional level continues to increase. The Institute of Advanced Manufacturing Sciences, located in Cincinnati, Ohio, has released Cincinnati's Technology Benchmarking Study. The report compares the technology assets and performance of 24 urban areas across the U.S. using 17 indicators, then makes recommendations for strengthening Cincinnati's technology base. The report is on the Internet at www.iams.org
While more people are connected to the nation's information infrastructure, the "Digital Divide" between those Americans with the information tools to participate in the New Economy and those without is actually widening, according to a new report from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA).
Calling it one of the most important economic development activities of his administration, Pennsylvania Governor Tom Ridge recently announced the creation of the "Pittsburgh Digital Greenhouse" -- a public/private partnership intended to provide support, infrastructure, and the expertise needed to accelerate the development and re-use of system-on-a-chip (SOC) technology.
Education Secretary Richard W. Riley has established the National Commission on Mathematics and Science Teaching for the 21st Century, which will recommend ways to improve the recruitment, preparation, retention, and support of math and science teachers. John Glenn will chair the 31-member commission. Governors Geringer (WY) and Hunt (NC) also will serve on the commission. Other members will include representatives of business, industry, academia, non-profit organizations, and government.
The NASA Ames Research Center is developing a 200-acre research and development complex at Moffett Federal Airfield in Silicon Valley. NASA hopes to spawn partnerships between scientists at Ames Research Center and the private sector, fostering opportunities for technology transfer and contract R&D. The Complex will ultimately encompass the entire 2,000-acre federal property owned by NASA's Ames Research Center, Ames officials said.
Ninety-five percent, or $102 million, of all royalties received by six technology related federal agencies during fiscal years 1996-1998 were for licenses issued by the National Institutes of Health, according to a recent General Accounting Office (GAO) study.
The Economic Development Administration (EDA) and the National Institutes of Standards (NIST) and Technology have awarded a $350,000 grant to the Industrial Technology Institute (ITI) for a technology-based economic development project to boost the growth of Michigan businesses. The pilot project is expected to serve as a model for possible state and nationwide efforts on behalf of small and medium-sized enterprises (SMEs).
Massachusetts Manufacturing Extension Partnership is seeking an Executive Director, who will oversee a staff of approximately 20 and a budget of more than $3 million. The successful candidate will be able to create a vision for the growing organization, the leadership skills to achieve that vision, and a strong interest in the growth and success of manufacturing. Applications are due August 9.
In last week's issue of the SSTI Weekly Digest, several of the state rankings for the number of awards received under the DOD SBIR 99.1 selections were incorrect. Following is a list of the states and their correct ranks: Florida was tied for 7th with New Jersey; New Hampshire was tied for 17th with Washington; Hawaii, North Carolina, District of Columbia and Utah were all tied for 23rd.
The Department of Energy has posted its selections for Phase II awards under the 1999 Small Business Innovation Research (SBIR) program. The 85 Phase II grants were made to companies in the 23 states listed in the accompanying table. More detailed information for each award can be found on the DOE website: http://sbir.er.doe.gov/sbir
State
In a move to increase Hawaii's technology standing, Governor Ben Cayetano signed legislation last week that will create several new initiatives. Most significant for S&T policy is the planned consolidation of the state's technology-related programs under a new special advisor for technology development. The specific state agencies affected by the legislation were not identified in the Technology Omnibus bill.
While there is no uniform federal policy for conducting peer reviews and no written government-wide definition of peer review, there is general agreement among the agencies and the While House Office of Science and Technology Policy (OSTP) as to what the term means, according to a new General Accounting Office (GAO) report, Peer Review Practices at Federal Science Agencies Vary.
The House Committee on Small Business approved a bill to extend the Small Business Innovation Research (SBIR) Program until September 30, 2007. H.R. 2392, introduced by Representatives Taalent, Bartlett, Kelly and Velazquez, also was referred to the House Committee on Science for consideration. The ASME International Capitol Update reports a House floor vote on the bill is expected in Mid-July.
Ohio's investment in technology-based economic development will top $50 million in FY 2000 as a result of the biennial budget passed by the Ohio General Assembly this week. Spending for the programs will grow nearly 35 percent from $40.4 million in FY 1999 to $54.4 million in FY 2000.
International collaboration in science and technology through joint research and development projects and activities offers opportunities for the US and foreign governments to leverage research dollars and increase productivity.
The Computing Research Association (CRA) has released an in-depth look at the information technology (IT) worker situation in the United States, The Supply of Information Technology Workers in the United States.
Research and development (R&D) spending in the United States reached an estimated $220.6 billion in 1998, reflecting an inflation-adjusted increase of 5.3 percent over 1997, reports the National Science Foundation (NSF) in the recently released National Patterns of R&D Resources: 1998.