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Do personal income tax cuts encourage entrepreneurship? Conventional wisdom and many politicians may suggest that if people have more cash on hand, they may be inclined to launch or start their own businesses. A working paper released earlier this month by the National Bureau of Economic Research (NBER) concludes just the opposite: lowering personal tax rates in most cases appears to discourage entrepreneurial activity.

H. Day Chapin has been selected as the first Director for the new Northwest Energy Technology Collaborative.

Maxine Lunn is leaving her position as Vice President for Technology Programs at Virginia's Center for Innovative Technology to work in international development.

H. Day Chapin has been selected as the first Director for the new Northwest Energy Technology Collaborative.

Maxine Lunn is leaving her position as Vice President for Technology Programs at Virginia's Center for Innovative Technology to work in international development.

The Illinois Biotechnology Industry Organization has appointed David Miller to serve as president, effective September 3.

John Wik, director of Delaware's economic development office, is resigning in September to pursue interests in the private sector.

Gary Woodbury, president and CEO of the Small Business Association of Michigan for the past 15 years, has announced he will retire in June 2003.

The number of tech workers immigrating to the U.S. for jobs in the IT industry are down more than 50 percent compared to a year ago, according to figures released by the Immigration and Naturalization Service (INS) this week. With hundreds of dot-com closures and tens of thousands of layoffs in the information and communication technology industries, the drop was expected by many analysts.

Recognizing the potential economic impact of biotech, nearly every state, most colleges and dozens of communities are developing programs to build bio-based economies. Everyone wants a piece of what may be the guiding field for industrial transformation over the next several decades. Is there enough bio for everyone? What strategies work for building bio-based economies? What approaches are states and localities taking, and what's working?

The legal ban on non-compete contracts may have played a role in and continues to affect the development of the high tech sector in California. This is the conclusion of Rob Valletta, Research Advisor, in the August 16, 2002, edition of the Federal Reserve Bank of San Francisco Economic Letter. The article, On the Move: California Employment Law and High-Tech Development analyzes the relationship between high tech development and states that do not legally allow non-compete contracts.

Arizona was one of the first states to embrace cluster-based economic development in the early 1990s. While the formal clusters have had varying degrees of success since then, one of the challenges of a cluster-based approach to technology-based economic development is the fractionalized focus across sectors. Because of this, clusters can end up competing against each other for limited public resources, making cross-sector strategies difficult to identify or implement.

The Council on Competitiveness, a non-profit, Washington-based organization, is seeking an executive director for its new National Center on Regional Innovation and Competitiveness. The new center will identify and advance innovation-based regional development strategies, conduct regional workshops, and disseminate best practices in managing regional innovation.

Venture capital investment continued downward in the second quarter of 2002, according to the PricewaterhouseCoopers/Venture Economics/National Venture Capital Association MoneyTree™ Survey.

The Environmental Protection Agency has posted its selections for the FY 2002 Phase I solicitation of the Small Business Innovation Research (SBIR) Program.

Charlotte A. Hayes, president of DCTech, the Washington DC Technology Council, has resigned to return to the private sector. John Sanders has been named interim president, while the council seeks a permanent replacement.

Jim Hayes is serving as interim president of the Economic Development Partnership of Alabama as the group works to fill the position. Hayes was a former director of the Alabama Development Office.

Charlotte A. Hayes, president of DCTech, the Washington DC Technology Council, has resigned to return to the private sector. John Sanders has been named interim president, while the council seeks a permanent replacement.

Jim Hayes is serving as interim president of the Economic Development Partnership of Alabama as the group works to fill the position. Hayes was a former director of the Alabama Development Office.

William Parsons is serving as acting executive director of the Rhode Island Economic Development Corp. Parsons is the vice president of operations.

Correction: Lara Vande Walle is the director of membership and business development for the Maryland Technology Council, not Maryland's TEDCO as was previously reported.

Washington Gov. Christine Gregoire last week signed a bill creating the Life Sciences Discovery Fund (see the Feb. 7 issue of the Digest).

One starts up. Another bites the dust. The Certified Capital Company (CAPCO) Program, a complicated and controversial tool used by some states to encourage venture capital investments, finds its beginnings in one region while seeing its demise in yet another.

Arizona's investment and technology communities are the anticipated winners from the state legislature's recent passage of a tax credit encouraging angel capital investments in start-up Arizona tech firms.

As expected, Massachusetts Gov. Mitt Romney rejected last week Senate Bill 2039, the bill supporting stem cell research. Exercising a power not enjoyed by all governors, Gov. Romney sent the measure back to the legislature with four amendments for consideration, rather than vetoing the measure.

Moving forward with the governor's statewide broadband initiative, the ConnectKentucky Steering Committee and Gov. Ernie Fletcher recently unveiled Phase I Maps to illustrate service gaps and to serve as an economic development resource for communities.

While many states are striving to increase broadband availability (see the Kentucky story above, for example), a Providence-based nonprofit released a study this month promoting the feasibility of making Rhode Island the first entirely networked state for broadband wireless.