Just as several states have announced projected budget shortfalls, at least three governors have revealed stable fiscal conditions for the coming year with proposed funding to support new and expanded education and research initiatives.
South Dakota
By nature, angel investing is a risky endeavor. Angels are often involved with unproven seed- and early-stage companies and are frequently the first outside investors to become involved in a new venture. Despite these risks, a report released by the Ewing Marion Kauffman Foundation and the Angel Capital Education Foundation argues that angel investors working through investor groups often achieve attractive returns.
The University of Michigan announced last month that it will spend $30 million in the next five years to hire an additional 100 junior tenure-track faculty members to build multidisciplinary research and degree programs.
Federal budget uncertainties, higher health care and retirement benefit costs, a reduced retirement rate and added costs from a structural change from nonprofit lab management have all been mentioned as reasons for the enactment of a workforce reduction plan at Los Alamos National Laboratory. The goal is to decrease the number of lab employees by 500 to 700 workers, and the National Nuclear Security Administration has formally approved the plan, as outlined by Los Alamos’ Director Michael Anastasio.
Federal funding for R&D in academic science and engineering fields totaled more than $30 billion in fiscal year 2006, yet it was not enough to outpace inflation, according to data collected by the National Science Foundation (NSF). After adjusting for inflation, the 2.9 percent increase in federally funded academic R&D expenditures in FY 2006 from FY 2005 was actually a 0.1 percent decline.
So far this year, SSTI's Funding Supplement has made its subscribers aware of more than 1,400 different opportunities to secure funding. If you aren't a subscriber, your client companies, academic researchers, and state and local TBED efforts are at a significant disadvantage!
Colorado The Rocky Mountain Technology Alliance (RMTA) is a recently formed regional development organization for applied research and technology development whose membership includes universities, government organizations and private businesses.
For the better part of the year, lawmakers in Michigan have faced the daunting task of balancing both a budget shortfall for fiscal year 2007 and a nearly $1.6 billion deficit for FY 2008. An agreement between Gov. Jennifer Granholm and lawmakers was reached in the early morning hours of Oct. 31, following a one-month extension of the deadline and a brief government shutdown.
The Pennsylvania Department of Community and Economic Development, in concert with the Pennsylvania State University, are presenting the inaugural Creating Pennsylvania’s Future: A Higher Education, Economic and Community Development Summit, aimed at energizing institutions of higher education, busi
Jim Aanstoos is the new economic development director for the city of San Marcos, Texas.
John Adams, director of the Laredo Development Foundation, will become the new director of Enterprise Florida.
Jim Aanstoos is the new economic development director for the city of San Marcos, Texas.
John Adams, director of the Laredo Development Foundation, will become the new director of Enterprise Florida.
Steve Biggers has been promoted to Deputy Director for the Oklahoma Center for the Advancement of Science & Technology.
Warren Erdman, formerly vice president of corporate affairs at Kansas City Southern, is the newly selected chairman of the board of the Economic Development Corp. of Kansas City.
Michael Finney, CEO of Greater Rochester Enterprise, is leaving to become president and CEO of Ann Arbor SPARK.
Dennis "Mickey" Flynn is the new president of Pennsylvania BIO.
The West Virginia Venture Connection has named John Hale as executive director.
Kevin Holmes returned to his alma mater, Santa Clara University, to join the Leavey School of Business as executive director of its Center for Innovation and Entrepreneurship (CIE).
Bruce Kidd is the first director of entrepreneurship for the Indiana Economic Development Corp.
Angela Kreps is the first president of the year-old Kansas Bioscience Organization.
Cliff Long is the first full-time economic development director for Nampa, Idaho. Long had worked for the Idaho Department of Commerce for the past 14 years.
Christopher Price is the executive director for the Piedmont Triad Research Park and senior vice president, Wake Forest University Health Sciences.
Michael Tentnowski is the new director of the Rensselaer Polytechnic Institute Incubator.
Anne Wein is the new executive director of Southeast BIO, a nonprofit organization concentrating on the growth of the life sciences industry.
Listen or read the business news media and the dreaded “R” word, recession, is back in common parlance. State revenue cycles seem to feel it first. Already, with more than a dozen states projecting budget deficits for both current and coming fiscal years, it seems certain: Spending cuts in programs and services and/or tax increases are imminent. The nationwide housing market slump, the rising cost of energy and health care, and increased state spending are cited as a just a few of the reasons for shortfalls in state budgets.