It seems discussion on Capital Hill of the burgeoning federal deficit is loudest when the House, Senate or Administration considers the VA, HUD and Independent Agencies appropriations bill. Perhaps the bill always serves as the fall guy because alphabetically it is the last of the 13 appropriations bills Congress considers, then ignores and then hurriedly mushes together with the other unpassed funding bills several months into the new fiscal year.
In an appropriations bill where cuts are viewed as good news -- compared to the President's request for program termination, that is -- the small Community Development Financial Institutions (CDFI) Fund could consider itself very lucky after Friday's full House Appropriations Committee mark-up of the VA-HUD and Independent Agencies bill.
July has been a tech-friendly month for Delaware Gov. Ruth Ann Minner. On July 14, the Biotechnology Industry Organization (BIO) named her "BIO Governor of the Year," recognizing her contributions toward growing the state's biotechnology industry, one of the strongest concentrations in the country. Further attesting to her grasp of biotech issues, Gov. Minner also serves as a co-chair of the National Governors Association Biotechnology Partnership.
Earlier this month, a Science Committee bill that would reauthorize the Manufacturing Extension Partnership (MEP) program and create a more robust manufacturing sector cleared the U.S. House of Representatives.
Gov. Mike Rounds announced last week the creation of four new specialized research centers at the state's public universities. The $2.8 million in awards mark South Dakota's first foray into using university-based research investments as a tool to grow the state's economy, the governor said.
The four 2010 Research Centers are:
Economic development in Oregon recently has been given new life, thanks to the approval of $222 million in bills by Governor John Kitzhaber. The legislation, including $72 million for high-tech infrastructure and research over the next two years, is expected to increase public investment in biotechnology, engineering and other research.
The Greater Cincinnati Regional Technology Initiative has released revving up the tech engine, a strategic plan with more than 30 recommendations to improve Cincinnati's position in a tech-based economy. Giving themselves just 100 days to complete the plan when they started in Spring, the project was developed through six "Accelerator Teams" involving more than 200 volunteers from the three-state metro area.
The Advanced Technology Program (ATP) bridges the gap between the research lab and the marketplace, stimulating prosperity through innovation. Through partnerships with the private sector, ATP's early stage investment is accelerating the development of innovative technologies that promise significant commercial payoffs. ATP exhibits four primary strengths:
No matter which source one uses, venture capital investments continued their decline during the second quarter of 2001. The Moneytree™ survey, released this week by PricewaterhouseCoopers and Venture One, Inc., found a 21 percent decline from the previous quarter. Second quarter investments fell to $8.2 billion from $10.4 billion in the first three months of the year. Only 669 companies received funding, down 11 percent from the 752 firms funded during the first quarter.
What are you doing to protect your state or local economy from technological advances that will completely overturn an industry 10, 20, 30 years from now?
With the prospect of someday losing 27,000 high-paying tech jobs at 15 automotive engine and powertrain plants, Michigan has unveiled a plan to position the state as a leader when automotive applications of fuel cell technology make the internal combustion engine obsolete.
Last week, the U.S. Census Bureau released the Census 2000 Supplementary Survey Data (C2SS), compiled from 700,000 test households prior to the full census. C2SS provides a preliminary look at data similar to those that will be available next year from the Census 2000 long form.
Is the current concentration of effort toward the identification and licensing of intellectual property (IP) the best method to stimulate innovation? In a period seeing increased pressures on public research universities to identify alternate sources of funding, IP opponents may find economic considerations obfuscating the innovation argument:
The Federal Laboratory Consortium for Technology Transfer (FLC) is the nationwide network of federal laboratories that provides the forum to develop strategies and opportunities for linking the laboratory mission technologies and expertise with the marketplace. More than 700 major federal laboratories and centers and their parent departments and agencies are FLC members.
The general fiscal condition of state budgets is growing weaker, indicates a preliminary report released August 1 by the National Conference of State Legislatures (NCSL). State Budget & Tax Actions 2001 provides information on 46 states included in NCSL's annual survey. The remaining states – Massachusetts, New York, North Carolina, and Wisconsin – had budgets that were either not passed or awaiting the governor's approval.
The toll a lackluster economy is taking on Wall Street, manufacturing orders, and tech firm profits are well-known facts at this point. Tightening state and local tax revenues are also apparent. For households, less cash usually translates to changes in vacation travel plans and fewer purchases of luxury items, like bigger cars, expensive jewelry and – Internet access?
Ohio businesses experienced a 15 percent increase in overall Internet and website usage between 1999 and 2000, according to the 2001 report released by ECom-Ohio — a public-private collaborative project to increase Ohio's readiness for global electronic commerce.
The National Science Foundation has published Federal Funds for Research and Development: Detailed Historical Tables: Fiscal Years 1951-2001. The five-volume report includes seven tables (55-61) that present the data by state for the period 1970-1999. Federal R&D obligations are characterized by industrial, university, nonprofit, FFRDC and intramural performers.
The latest monthly update from http://www.econdata.net, an excellent portal for regional economic development related data on the web, included the following table prepared by the National Institutes of Health (NIH). The table presents the top 100 cities based on the total value of NIH research and development grants, contracts and training awards made in FY 2000.
There are less than 100 of our readers - now approaching a total of 100,000 - that may be able to look into their electronic mailboxes and even eight-year-old paper files to see that this issue of the SSTI Weekly Digest is our 400th. What began in March 1996 as a two-page weekly fax to key science and technology leaders in most states has evolved into the one of the most widely read e-news sources for the tech-based economic development community in the U.S.
If you consider North America's public investment to encourage economic growth through science and technology at the state or provincial government level, Ontario should be in your top 10. And the recent injection of $63 million for technology commercialization might have bumped the province of 12 million residents up a place or two.
Science Spending to Rise £1B Over Next 3 Years Alone
"..because we want Britain to be the most attractive location in the world for science and innovation, we are setting a new and ambitious target of increasing UK R&D investment as a proportion of national income from its current level of 1.9 percent to 2.5 percent by 2014 over the next decade."
One Goal would see Science Share of GDP Surpassing US before 2010.
Innovation policy approaches need to address specific challenges, problems and opportunities found in different types of regions, according to a new research paper from the Vienna University of Economics and Business Administration. The paper, One Size Fits All? Towards a Differentiated Policy Approach With Respect to Regional Innovation Systems, was presented at the recent German Institute of Economic Research conference.
On July 16, both houses of Wisconsin’s state Legislature passed a state budget including numerous incentives for technological development. The budget covers state spending for a two-year period that began July 1. Gov. Scott McCallum has until August 30 to approve the budget; several of the tech-related items were in the Governor's first state of the state and executive budget addresses.
Despite many indications that show strong potential for growth, Southern California's bioscience industry still faces challenges, according to a new report from the Los Angeles Regional Technology Alliance (larta). Released July 19, Heart of Gold: The Bioscience Industry in Southern California highlights the strengths of the region's industry and honestly assesses the ways that the industry can overcome its weaknesses. The report was created to present a full