Conventional wisdom in the technology-based economic development community is that increased access to risk capital is critical for building competitive economies. Establishing a causal relationship between early-stage capital and employment growth external to the companies receiving the funds has been difficult, however.
Conventional wisdom in the technology-based economic development community is that increased access to risk capital is critical for building competitive economies. Establishing a causal relationship between early-stage capital and employment growth external to the companies receiving the funds has been difficult, however.
The Southern Growth Policies Board has released a toolkit to help communities understand the knowledge economy and how new economic forces affect quality of life and economic development. Seeing the Future: The Knowledge Economy seeks to inform people about the knowledge, skills and resources needed to compete in today’s economy.
Last week, the National Science Foundation (NSF) released the latest edition of Characteristics of Doctoral Scientists and Engineers in the United States, which reports characteristics for 2001. Valuable data is presented in the report on the demographic and employment characteristics of doctoral scientists and engineers in the U.S.
Tucson gains Community Investment Business Center, New Tech Park building
The National Institute of Standards and Technology of the U.S. Department of Commerce has announced it is accepting proposals from organizations in Florida, Hawaii and South Dakota to establish Manufacturing Technology Centers under the Manufacturing Extension Partnership (MEP) Program. Approximately $4 million will be available to support these centers.
Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.
Christopher C. Foster is the new state technology coordinator at the Maryland Department of Business and Economic Development.
Lloyd Chestnut, vice president of research at the University of Montana is leaving to take the position as vice president for research and technology transfer at the University of North Texas.
Christopher C. Foster is the new state technology coordinator at the Maryland Department of Business and Economic Development.
Chris Matthews is the president of the new Chattanooga Technology Council, which held its official kickoff event earlier this month.
Katherine O'Dea has been named executive director of the Rhode Island Technology Council.
Dr. Leonard Peters is the new director of the Department of Energy's Pacific Northwest National Laboratory.
Tom Walker has been named executive vice president and chief operating officer of the Oklahoma Technology Commercialization Center.
Congratulations to Steve Zylstra, his staff and the 1,500-plus members of the Pittsburgh Technology Council as they celebrate the organization's 20th anniversary.
Rhode Island, like nearly every state in the country, is facing a projected budget deficit in FY 2004. To deal with a $175 million or 6.6 percent shortfall, 21 agencies are facing budget reductions in Governor Don Carcieri's first budget request to the Rhode Island General Assembly. However, demonstrating his commitment to "make strategic investments to promote job growth," Gov. Carcieri calls for increased support for several tech-based economic development initiatives.
Three-quarters of the nation's cities surveyed by the National League of Cities (NLC) report they are less able to meet their financial needs this year than they were a year ago. This is a sharp increase over the 55 percent of cities that said they were less able to meet financial needs in last year's survey by NLC, the oldest and largest national organization for American cities.
Washington State still ranks first nationally in the creation of new companies, according to the third annual Index of Innovation and Technology released by the Washington Technology Center (WTC), a state-funded organization that fosters technology employment growth. The Index also shows the number of patents earned by Washington inventors increased by 11 percent from 2000 to 2001.
Minnesota manufacturers are cutting payrolls, bidding low and scrambling to compete with the giant threat of cheap labor and enhanced manufacturing facilities offered in China, according to a recent survey of Greater Minnesota manufacturing companies.
Around the country, the current funding climate is forcing some technology groups to explore new relationships with each other, including consolidation. In other cases, it just makes good sense. For example, two of Maine's environmental and energy technology organizations are joining forces with the goal of advancing job growth, R&D and new product commercialization within their overlapping industries.
Encouraging innovation is an important part of the bottom line for many state and local technology-based economic development programs. The advantages or "spillover effects" of growing localized knowledge economies or concentrations of researchers and technology firms has been studied by academia for more than two decades. Much of the attention of that analysis and of subsequent public policy has been on the knowledge or process side of innovation.
Knowledge in the "knowledge economy" can be an extremely difficult entity to measure with any consistency. Innovation and technological change, both key drivers of economic growth, are elusive to grasp and even harder to measure reliably in geographic terms. Patent activity, however, has long been considered an important measure of innovation in the New Economy.
The National Science Foundation (NSF) has announced it intends to award approximately $30 million in FY 2005 funding under the Science and Technology Centers (STC): Integrative Partnerships program. NSF is encouraging proposals for high quality innovative research projects that undertake investigations across or within disciplines.
To better formulate technology and telecommunications policy, U.S.
In these tight state fiscal times, many government functions would view level funding with the previous year as very good news. Since tech-based economic development (TBED) programs are investments toward economic prosperity, conventional wisdom would hold that legislatures would shield these types of investments from deep cuts.
Minnesota Governor Tim Pawlenty recently unveiled a plan to help make Minnesota a leader in biosciences. Governor Pawlenty says the state's history, expertise and economic infrastructure make it better prepared than most other states to capitalize on the bioscience industry.