People
Randa Hayes is the new director of the business development and trade division of the Missouri Department of Economic Development.
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People
The new Vice President for Business Ventures at the Mississippi Technology Alliance is Jim Lowery.
People
TechNet named Lezlee Westine, White House Director of Public Liaison, to serve as its new director.
Opportunity Maine Uses Cash to Stem Brain Drain
A bill designed to keep new Maine graduates living and working in the state after college became law last week with Gov. John Baldacci’s signature. The Opportunity Maine bill, LD 1856, creates a tax credit to assist graduates with their student loan payments and enables employers of graduates to pay off the student loans.
South Dakota Joins Industry Partnership for ICT Education
Gov. Mike Rounds recently announced that South Dakota will join a national partnership, led by many of the country's leading information and communication technology (ICT) companies, to improve science and technology education and the skill set of the state's high-tech workforce. The Partnership for 21st Century Skills, an ICT advocacy organization, will advise the state on designing curriculum that meets the needs of software, electronics, networking, telecommunications and Internet-based companies.
Indiana Initiative Targets Advanced Manufacturing and Logistics
A new initiative to target and promote Indiana's manufacturing and logistics sector will do so in a similar manner to the 2002 BioCrossroads initiative that aided in transforming the region’s life sciences industry, the Central Indiana Corporate Partnership (CICP) recently announced.
Texas Hopes to Score Big with Video Game Tax Credit
For an industry that takes in more than $10 billion per year, video games receive relatively little dedicated support for economic development initiatives. When video game creators do attract the attention of federal and state politicians, it is often because of allegations of violent content and for encouraging sedentary lifestyles amongst consumers. A handful of states, however, have launched programs and credits that actively encourage the growth of the industry.
Georgia Tech’s ATDC Incubator Reaches $1B in Venture Funding
The Advanced Technology Development Center (ATDC) within the Georgia Institute of Technology announced its affiliated companies have received more than $1 billion in venture capital funding since 1999. Amassed from 160 separate deals, the amount represents 15 percent of the total venture capital in Georgia, about one out of its every five deals in the state.
Legislative Updates: Connecticut, New Hampshire, Ohio
In keeping with the July 1 fiscal year deadlines, several states passed their budgets last month. The following states passed budgets that include funding for alternative energy, R&D tax credits, and science, technology, engineering and math (STEM) initiatives.
Connecticut
Scorecard “Rates the States” in Energy Efficiency Policies
Vermont, Connecticut and California lead the nation in the race to adopt energy efficiency policies, programs and technologies, according to the 2006 State Energy Efficiency Scorecard.
Time to Apply for 2007 Excellence in TBED Awards
With the deadline less than two weeks away, we hope you are putting the finishing touches on your Excellence in TBED Award application.
DOE Awards $375M for Three BioFuel Research Centers
The U.S. Department of Energy (DOE) announced this week it will invest up to $375 million over five years in three new Bioenergy Research Centers to be located in Oak Ridge, Tenn., and Madison, Wisc., and near Berkeley, Calif. The winning sites were selected through a competitive, peer-review process that began last year and included more than a dozen applicants from across the country.
DOL Releases List of WIRED III Recipients
The U.S. Department of Labor (DOL) recently named 13 more regions to receive grants through the third round of the Workforce Innovation in Regional Economic Development (WIRED) program. As with the previous round of awards (see the Jan. 22, 2007 issue of the Digest), the recipients will each receive $5 million over the course of three years to integrate workforce training initiatives into a regional technology-based economic development strategy.
Legislative Updates: Arizona, New Jersey Reach Budget Agreements
With less than two weeks to go before the new fiscal year, Arizona and New Jersey lawmakers approved funding for cutting-edge research at the close of their 2007 legislative sessions last week. Following is a synopsis of the TBED initiatives slated to receive funding under the respective budget agreements.
Arizona
Texas Governor Vetoes $570M in Spending from Proposed Budget; Slashes University Funding
Last week, Texas Gov. Rick Perry signed off on the state’s budget, but not before making substantial use of his line-item veto. Overall, the approved $151 billion FY 2008-2009 budget increases general revenue spending by $7.7 billion (11.8 percent) over the current biennium. Much of that new spending will support education in the state; however, a number of programs, particularly those connected to higher education, failed to receive the governor’s approval.
NAS Provides Suggestions to Improve Business Stats
The national economy is a dynamic system, and the techniques to measure the system must be updated in order to understand its complexity, according to a recent report published by the National Academy of Sciences (NAS). In Understanding Business Dynamics: An Integrated Data System for America’s Future, NAS outlines steps that could be taken to properly capture pertinent information about firms, especially the young and small ones that are driving the emerging sectors of the economy.
Useful Stats: Science and Engineering Graduate Students by State, 2001-2005
Every year, the National Science Foundation releases Graduate Students and Postdoctorates in S&E, a report filled with detailed statistics about the characteristics of science and engineering graduates enrolled at U.S. institutions. Using the annual report, SSTI has prepared a table showing the total number of graduate students for each year from 2001 to 2005 in each state, the District of Columbia, and Puerto Rico.
SSTI Board Approves New Mission Statement
The field of tech-based economic development has changed dramatically since the creation of SSTI in 1996 and continues to change almost daily. With these changes in mind, SSTI is releasing a new mission statement that better defines the organization's current direction.
SSTI's new mission is to lead, support, and strengthen efforts to improve state and regional economies through science, technology, and innovation.
Congress, President Bush Debate Federal R&D, STEM Support
Over the past few months, Congress has been at work on a package of measures to address the competitiveness of the U.S. economy. Two similar, yet distinct, competitiveness bills are currently being reconciled in conference between the House and the Senate. President Bush has voiced several objections to both the Senate and House bills and may even be prepared to veto the legislation if a compromise cannot be reached.
New Jersey Plans $450M Stem Cell Referendum
State Also Begins Work on $150M Stem Cell Research Center An agreement between Gov. Jon Corzine and state legislative leaders will result in a $450 million bond referendum being put before New Jersey voters this fall. If approved, the money will be used to augment support for the state’s stem cell research initiative over the next 10 years.
North Carolina to Start Statewide Micro Angel Fund
North Carolina does not, at first glance, seem to be a venture capital underperformer. In 2006, venture capitalists invested close to $510 million in North Carolina, almost $60 million of which was invested in seed and early-stage businesses, according to the Pricewaterhouse Coopers Moneytree Survey of VC investment. However, while the state ranks 12th in seed/early-stage investment, many in the state perceive the lack of seed funding to be a major obstacle to economic growth.
Report Urges Stakeholders to Address STEM Teaching Shortage
With a projected national shortage of more than 280,000 math and science teachers by 2015, key stakeholders must begin initiating strategies to recruit, retain and renew the nation’s teaching workforce, says a new report by The Business-Higher Education Forum (BHEF).
Useful Stats: GDP by State, Per Capita 2003-2006
The Bureau of Economic Analysis (BEA) has published its latest update on the real gross domestic product (GDP) growth of each state. The update includes advance estimates for 2006 data, as well as revisions to data from 2003-2005.
SSTI has prepared a table showing every state’s real GDP per capita from 2003 to 2006. Besides these values, the table also includes:
TBED Organizations & People Update
Organizations
The influential 5,600-member American Association for Higher Education announced last Thursday that it would close by the end of the year due to financial difficulties stemming in part from a sharp decline in membership.
TBED Organizations & People Update
Organizations The influential 5,600-member American Association for Higher Education announced last Thursday that it would close by the end of the year due to financial difficulties stemming in part from a sharp decline in membership.