After adjustments for inflation, Gross State Product (GSP) for the nation grew at an average annual rate of 4.0 percent from 1992 to 1999, according to estimated just released by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce. GSP measures value added in production.
Jim Tate has been named Science Advisor for the U.S. Department of Interior. Until his appointment, Dr. Tate served as Advisory Scientist for the Idaho National Engineering and Environmental Laboratory.
Julia Wilson is the new Executive Director of the San Diego Telecom Council. She formerly was director of corporate and foundation relations for San Diego State University.
Jim Tate has been named Science Advisor for the U.S. Department of Interior. Until his appointment, Dr. Tate served as Advisory Scientist for the Idaho National Engineering and Environmental Laboratory.
Julia Wilson is the new Executive Director of the San Diego Telecom Council. She formerly was director of corporate and foundation relations for San Diego State University.
The Maryland Department of Business & Economic Development has hired Lawrence C. Mahan to serve as the state's senior biotech executive.
Maria Estela de Rios has been named chairwoman of the New Mexico Manufacturing Extension Partnership Board of Directors. She is executive vice president of Orion International Technologies, which is based in Albuquerque.
Industrial research expenditures in the U.S. had a record single-year decline in 2002, according to the latest National Science Foundation (NSF) Survey of Industrial Research and Development. An inflation-adjusted decline of $8.6 billion was the largest-ever reported since the survey began in 1953. The 2002 tally, when measured in current dollars, also wins the ignoble distinction of reflecting the largest single-year absolute and percentage reduction at $7.7 billion and 3.9 percent, respectively.
One of the most critical elements needed for a tech-based economy is a strong higher education system that supplies a source of research ideas, new technologies and a skilled workforce. Studies have shown that individuals with college degrees earn more money, obtain better jobs, pay more taxes, and are more apt to perform volunteer work. Given higher education's important role, several states have been re-examining how higher education can play a larger role in their economy.
To encourage innovation in health care and speed the development of new medical technologies, the Department of Health and Human Services (HHS) announced last week it is forming an internal task force to weigh new ideas and promote new solutions.
Advocates for deregulating Kentucky's broadband industry argued doing so would result in increased rural access to high speed Internet services. They'll have the chance to prove it with Gov. Ernie Fletcher's signature this week on deregulation legislation, HB 627.
Financial success for any start-up tech firm more often depends on adequate financing and proper management than the specific technology, experts say. Two tech-based economic development organizations in Pittsburgh have formed a new alliance to offer entrepreneurial life science firms with an eye toward greater sustainability and profitability.
Concerns for wheat and organic markets remain, however
While state governments across the country are overwhelmingly in favor of health-related biotechnology, agricultural biotechnology has received a somewhat less enthusiastic reception. That may be changing - however slowly - according to new information released last week by the Pew Initiative on Food and Biotechnology.
Defense 2003 SBIR Phase II Awards
The Department of Defense (DoD) distributed $766.9 million in awards under fiscal year 2003 Phase II Small Business Innovation Research (SBIR) Program competition. A total of 1,080 awards averaging more than $710,000 were made.
Nearly all public schools in the U.S. are connected to the Internet, according to a survey published by the National Center for Education Statistics (NCES). The survey, Internet Access in U.S. Public Schools and Classrooms: 1994 – 2000, shows that 98 percent of public schools had access to the Internet by the fall of 2000, representing a 3 percent increase over 1999 and a 26 percent increase since 1997.
Is a strong university research component critical to local tech-based economic development? Many argue this position, including SSTI (Using Research and Development to Grow State Economies). Using data on royalties, licenses, and job creation figures, others have demonstrated the economic contributions of university R&D.
President Bush has announced his intention to nominate the following people to positions within the federal government that affect state and local tech-based economic development:
President Bush has announced his intention to nominate the following people to positions within the federal government that affect state and local tech-based economic development:
Mark Lang, CEO of the Ben Franklin Technology Partners of Northeastern Pennsylvania for the past 14 years, has announced his resignation.
Lu Cordova is the new President of the Colorado Technology Incubator.
The Center for Environmental Enterprise (CEE) in South Portland, Maine announced the hiring of a new executive director. John Ferland assumed leadership of CEE in late April.
Due to length considerations, this week's Funding Opportunities Supplement to the SSTI Weekly Digest was sent separately.
The Michigan Economic Development Corporation (MEDC), in partnership with several public and private organizations, has outlined a plan to address telecommunications infrastructure needs across the state.
LinkMichigan, released last week, addresses several telecommunications infrastructure issues or concerns that were increasingly facing the public and private sector, including:
With so much attention given to increasing private seed and venture capital activity as a means of growing tech-based economies, one might expect that encouraging and attracting community development venture capital (CDVC) – that is, equity investments and entrepreneurial assistance to meet both profit targets and community development goals – would be a common element of a state or local community’s portfolio of economic development tools.