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Thirty-six states received failing grades on a biennial report card that reveals the cost of attending college represents a higher portion of American families’ incomes today than it did a decade ago. A separate report from the Pell Institute supports those conclusions by showing students from the lower-income bracket are finding it more difficult than ever to keep pace with rising tuition costs.

The importance a well educated populace plays in a knowledge-based economy is a given for most tech-based economic development strategies. Ensuring that a larger percentage of the population pursues that education through and beyond high school is another matter -- often the responsibility of other state agencies, organizations and decision makers.

Public corporations headquartered in the U.S. almost doubled the growth rate of their investment in R&D in 2000, according to new data from the advance estimates of annual U.S. corporate R&D released this week by the Commerce Department’s Office of Technology Policy.

With the announcement of the first 30 grants under the Federal and State Technology Partnership (FAST) less than two weeks old (see the October 5 issue of the Digest), the new federal program supporting state efforts to encourage small business technology development and commercialization is in danger of being cancelled.

"If technology is at the core of the Innovation Economy, then investment in research and development is one of the principal drivers in the creation of that technology."

After nearly ten years as the head of America's space program, NASA's longest-serving Administrator, Daniel S. Goldin, has announced his resignation, effective November 17, 2001. He also announced he has accepted an interim position as a Senior Fellow for the Council on Competitiveness in Washington D.C., as he transitions into the private sector.

If one were asked to identify localized examples of the economic spectacle that was the late 1990s, the metro region of Austin, Texas would be on most short lists. A recently completed economic development plan from the tech-soaked Austin suburb of Round Rock, however, reflects the fundamental upheaval or disruption that characterizes the economies of many regions of the country.

Richard Bendis, president and chief executive officer of the Kansas Technology Enterprise Corporation (KTEC), has accepted an offer to lead the newly created Innovation Philadelphia Corporation. Mr. Bendis has been involved with KTEC since the organization was created in 1987. He was appointed to the KTEC board of directors by the Governor and served as the board’s first chairman. Mr. Bendis served as interim president in 1994 before being named president in 1995.

The Australian Government has enacted new rules to attract international private equity investment in the country’s venture capital community. The rules introduce tax concessions for international investors, including university endowment funds and venture capital fund-to-fund vehicles. The rules will treat these investors in the same way as pension funds, exempting them from capital gains tax on their Australian investments.

The National Science Foundation has launched the new, online Industrial Research and Development Information System (IRIS) to provide easy access to information on industrial R&D performance across a broad range of years and criteria.

Alabama

A Letter from Bozeman, Montana

The European Commission's 2001 European Innovation Scoreboard, characterizing the strengths and weaknesses in the capacity for innovation of the European Union (EU) and its member states, shows the EU continues to lag behind the U.S. and Japan. 

The Biotechnology Industry Organization (BIO) released State Government Initiatives in Biotechnology 2001, the results of the first comprehensive survey of state government efforts to attract and grow the biotechnology industry. The report, prepared by Battelle Memorial Institute and the State Science and Technology Institute (SSTI), contains information from 48 states and shows state governments becoming increasingly active in recruiting and supporting biotechnology companies. 

Nearly $43 million in grants were awarded October 1 to 74 non-profit organizations, including state and local governments, by the Commerce Department’s National Telecommunications and Information Administration (NTIA). 

As Congress and the Bush Administration look at national economic stimulus packages, debate is beginning in some states to enact similar measures to reverse the direction of their local economies. Various tax cuts for businesses invariably are included in the states’ discussions.

A Rhode Island Economic Strategy: 10 Ways to Succeed Without Losing Our Soul recently was released by the Rhode Island Economic Policy Council. The report outlines 10 economic development initiatives through four themes centered on places, people, clusters and connections. 

California 

SSTI's fifth annual conference, Creating Opportunity: Tools for Building Tech-based Economies, will take place December 3-4, 2001, at the Omni William Penn in Pittsburgh, Pennsylvania. The conference agenda remains intact from the original mid-September dates with almost all speakers reconfirmed. (see the conference agenda on SSTI's webpage: http://www.ssti.org/Conf01/agenda.htm [expired] ) 

Gov. Don Sundquist has named Tony Grande to be the new Commissioner of the Tennessee Department of Economic and Community Development (ECD). Mr. Grande formerly was ECD Deputy Commissioner as well as its Assistant Commissioner of Tennessee business services and director of manufacturing services. 

Gov. Don Sundquist has named Tony Grande to be the new Commissioner of the Tennessee Department of Economic and Community Development (ECD). Mr. Grande formerly was ECD Deputy Commissioner as well as its Assistant Commissioner of Tennessee business services and director of manufacturing services.