The Wyoming legislature wrapped up its 2001 General Session on March 1. Several laws and supplemental appropriations were made that affect local efforts to grow a stronger tech-based economy.
Senate Enrolled Act (SEA) 10 permits the Wyoming Business Council to use state funds to provide bridge financing to businesses, not to exceed 35 percent of the total cost of any particular project.
The U.S. Department of Energy's National Renewable Energy Laboratory (NREL) has selected six more incubators to join the National Alliance of Clean Energy Business Incubators, formed by NREL in April 2000. Alliance member incubators will focus on accelerating the growth and development of U.S.
There is often a disconnect between government policies to encourage entrepreneurship and the actual practice of launching fast growing companies, according to the fourth major report from the National Commission on Entrepreneurship (NCOE). Five Myths about Entrepreneurs: Understanding How Businesses Start and Grow is being released to educate policymakers about the vitally different characteristics of entrepreneurs and traditional small business owners.
The state-by-state results for the 2000 SBIR Phase I awards — as reported individually by the 10 participating federal agencies and compiled by SSTI --- are presented in the accompanying table. Totals may not reflect new awards or cancellations made by an agency after the initial selection announcements. Abstract information for funded SBIR projects may be obtained on each agency’s SBIR website.
Editor’s Note: For the skeptical Digest reader that viewed our assertion in last week’s issue that there is an average of at least one incubator-related article published somewhere in the country each day. Since we have several clippings on hand, it is easy to provide more examples of the continuing explosion of communities and states using non-profit incubators as tools for developing and expanding tech-based economies.
President Bush has nominated Los Angeles resident Hector Barretto to serve as Administrator of the Small Business Administration.
Philip Psilos is the new Director of Economic & Technology Policy for the National Governors' Association.
Timothy A. Klein has been selected to become the Associate Administrator for Innovation, Research, and Education for the U.S. Department of Transportation.
President Bush has nominated Los Angeles resident Hector Barretto to serve as Administrator of the Small Business Administration.
Philip Psilos is the new Director of Economic & Technology Policy for the National Governors' Association.
Timothy A. Klein has been selected to become the Associate Administrator for Innovation, Research, and Education for the U.S. Department of Transportation.
SSTI extends its congratulations to Bruce Gjovig, Director of the Center for Innovation in Grand Forks, North Dakota, for his induction into the North Dakota Entrepreneur Hall of Fame.
With the slowdown in the economy, there is widespread concern about the kind of painful belt-tightening which occurred in the states in the early 1990s. Because of this perception and the rapid change in so many states’ fiscal situations, the National Conference of State Legislatures (NCSL) released this week a new survey to update its January 4, 2001, State Fiscal Outlook for 2001.
On February 26, President Bush issued a memorandum to 21 departments, agencies and other executive offices to create an Interagency Working Group on Federalism. The group is to:
a) Identify initiatives that promote principles of federalism, such as:
The headlines of many tech and business publications scream of massive Internet incubator layoffs, closures, and restructuring. The rapid rise and fall of these organizations has left some local tech-based economic development practitioners wondering if encouraging the growth of incubator facilities is a worthwhile strategy to pursue.
The National Science Foundation has published online the latest edition of the annual series: Science & Engineering State Profiles: 1998-99. By presenting one-page statistical summaries for each state, the District of Columbia, and Puerto Rico, Profiles provides rankings, state and US figures for easy reference across 30 science and engineering statistics as well as the distribution of federal R&D obligations by department and performer.
With the 1994 School-to-Work Opportunities Act sunsetting this year and the increasing importance of developing a skilled workforce for a tech-based economy, many are asking if the initiatives launched or expanded by the Act have been successful.
The lack of encouraging news in the culminating report from the National Science Board’s (NSB) three-year study of America’s science and engineering (S&E) workforce is offset only by the urgent call to recognize and counter increased global competition and disturbing demographic trends and projections.
The Science and Engineering Workforce: Realizing America’s Potential concludes:
A $100 million initiative announced last week by the Lilly Endowment Inc. will help Indiana's colleges and universities attract and retain more faculty and students. The Lilly Endowment, a private philanthropic foundation based in Indianapolis, supports community, educational and religious causes.
Addressing a joint session of Rhode Island's General Assembly, Gov. Don Carcieri unveiled last week a fiscal year 2005 budget that includes funding for several technology-based economic development (TBED) initiatives.
Preliminary findings from an annual survey conducted by the National League of Cities (NLC) reveal economic and fiscal conditions are worsening in many of America's cities and towns. A large segment of those surveyed by NLC also reported improvements in areas such as the vitality of their downtowns, increased efficiency in service delivery, and preparedness for emergencies and homeland security.
The need for tax cuts, reduced and simplified regulations, a well-trained workforce, lower employee health care costs, and a state-sponsored industry advocate are among the top concerns shared by a core group of Minnesota manufacturers.
When this year's high school freshmen receive their diplomas in four years, it will mark the largest and most competitive graduating class ever, according to a new study. Released by the Western Interstate Commission for Higher Education (WICHE), ACT Inc. and the College Board, the study projects the number of high school graduates will peak in 2008-09 at 3.2 million.
Two new Governors, Bob Wise of West Virginia and Wisconsin's Scott McCallum, have put tech-based economic development in the forefront of their respective economic agendas.
West Virginia
The latest word in the national press regarding the FY 2002 budget President Bush will present to Congress next week suggests President Bush may propose significant cuts in investment in research and tech-based economic development. Many of the programs potentially under fire are instrumental to state and local efforts to promote stronger economic growth through science and technology.
Stressing partnerships and flexibility, seven regional and national organizations have drafted an action agenda for the federal government to use to strengthen local and regional economic development efforts. After a brief introduction to the New Economy and its implications for local economic development, Partnership for Prosperity: A Federal Economic Development Policy Agenda includes several specific recommendations of interest to Digest readers:
Arizona taxpayers paid at least $100 million for the TGen Institute. The east coast version of Scripps cost Florida a cool $500-plus million. How much should Kansas City expect to pay the Stowers Institute for Medical Research to double the size of its 600,000 sq. ft. research facility instead of locating a second campus elsewhere?
Not a dime.