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According to statistics released last week by the Bureau of Economic Analysis (BEA), per capita personal income in the U.S. was $38,632 in 2007, a 22.6 percent increase since 2003. Over this same five-year period, 118 of the country’s 363 metropolitan statistical areas experienced an increase in per capita income greater than the U.S. rate of growth. SSTI has prepared a table for all 363 U.S. metro areas, showing the change in per capita income from 2003 to 2007.

The following overview is a synopsis of select recent announcements from research parks across the world, including groundbreakings and development plans to support vibrant regional economies based on science, technology and innovation. 
 

Four leading members of the technology-based economic development community were elected to the State Science and Technology Institute (SSTI) board of trustees today, each bringing fresh perspective and unique insight on issues affecting SSTI’s nationwide network of policymakers and practitioners working to improve state and regional economies through science, technology and innovation.
 

Incubators and accelerators. Angel, seed and venture capital. Research parks. University and industry research. Technology licensing and commercialization. Entrepreneurship assistance. R&D tax credits. Technology workforce development. Regional technology councils. Manufacturing extension. Science and technology advisers.

If there is ever an example of a city-region that can demonstrate the benefits of working as a team to transform its economy through all aspects of tech-based economic development, it would have to be the Oklahoma City area. And fortunately, the vibrant community is based in a state that both understands what is needed for transforming an economy from being natural resource-based to knowledge-driven and is matching talk with real money.

On the evening of Oct. 31, SSTI's conference participants will be treated to a fun-filled evening of dinner, drinks, art, culture and entertainment thanks to the overwhelming generosity of the conference's 22 local hosts.The event will be held at the National Cowboy & Western Heritage Museum, a stunning 100 percent non-publicly funded cultural art museum and research center.

Last month, Gov. Jennifer Granholm announced legislative approval of two TBED priorities unveiled during her State of the State Address, a program supporting in-state entrepreneurs and continued investment in an initiative to train displaced workers. 

Armed with professional advice from mentors in scientific fields and free access to sophisticated design and engineering software, teachers and students from Hawaii, Kansas, Minnesota, Oklahoma, Vermont and Virginia will participate in a national competition to solve a real-world engineering challenge defined by the aviation industry.
 

Opportunities to secure jobs requiring specialized training and more educated workers - the same types of higher wage positions coveted by U.S. tech-based economic development practitioners - increasingly are appearing in other countries as companies look to enter new markets and reduce costs. As a result, offshoring and its effects on an ever-changing U.S. labor force are topics receiving a lot of play during this election cycle.

A complete description of this opportunity and others is available at http://www.ssti.org/posting.htm.

Griffin Analytical Technologies, LLC, a producer of premium chemical detection systems, is seeking a director of laboratory operations and applications development. Griffin serves U.S. Departments of Defense and Homeland Security applications, environmental health and safety monitoring, and research and teaching laboratories. The director will manage the workflow of Griffins labs, manage a staff of five, support research programs, and support sales and marketing efforts. A Ph.D. degree is preferred.

A consortium of Michigan’s 15 public universities recently announced a decade-long initiative to launch 200 new businesses in the state. The Michigan Initiative for Innovation and Entrepreneurship (MIIE) plans to raise and distribute $75 million over the next seven years through grants for commercialization projects, university-industry partnerships and entrepreneurship education.

California

Searching for good reasons to support localized college scholarship programs for urban residents? A recent working paper from the Federal Reserve Bank of New York provides convincing evidence: a one point increase in the percentage of residents with a college degree is associated with a 2.3 percent increase in a metro area's gross domestic product (GDP) per person.

Every year, the U.S. Census Bureau compiles data at the national and state levels describing the performance of the manufacturing sector within the U.S. While the data are usually included in the Census’ Annual Survey of Manufacturers, every five years the data can instead be found in the U.S. Economic Census.

Being associated with the premiere professional development event of the year for the nation's technology-based economic development community can yield tremendous returns for your company, organization or program. Exposure and unrivaled networking opportunities are presented through SSTI's annual conference -- broadening the reach and deepening the impact of your marketing dollars. Last year’s sold-out conference included more than 350 representatives from 48 states and four countries.

Mary Lawyer is leaving the Iowa Department of Economic Development to be the president and CEO of Des Moines' Downtown Community Alliance, effective Sept. 14.



Maneesh Sagar has been named director of investments at Connecticut Innovations.

Mary Lawyer is leaving the Iowa Department of Economic Development to be the president and CEO of Des Moines' Downtown Community Alliance, effective Sept. 14.