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To strengthen Maine’s ability to compete in a knowledge-based economy, Governor Angus King proposed last year that the state create a $65 million endowment that would annually purchase and place a laptop in the hands of every seventh grade student in the state. A one-time $50 million state appropriation was to be matched by $15 million in private contributions. Interest off the endowment would have allowed every 7th-12th grader to own a laptop PC by 2007.

Representing ten percent of U.S. manufacturers and accounting for the largest trade surpluses of the non-defense sectors, the chemical industry remains an important contributor to the U.S. economy. Despite substantial growth in R&D investments by chemical companies during the past decade – R&D investment as a percentage of sales grew from 2.47 percent in 1980 to 4.70 percent in 1999 – the industry remains below the national average for several indicators of R&D expenditures.

Atlanta, Georgia

The Atlanta Journal and Constitution reported on June 20 that the 

Comment Period on the Policy Directive Extended In response to Congressional requests, the Small Business Administration (SBA) has reopened the comment period on the draft policy directive to guide agencies’ administration of the Small Business Innovation Research (SBIR) Program. Interested parties may now submit their comments to the SBA Office of Technology through July 23, 2001.

The Technology Administration of the U.S. Department of Commerce is accepting nominations for the National Medal of Technology program. The Medal, established by Congress in 1980 as part of the Stevenson-Wydler Technology Innovation Act, is presented annually by the President as the highest honor for technological achievement.

58 Inventions Also Offered by Health, Navy

Scientific research, technological development and innovation are the heart of a knowledge-based economy, and in order to strengthen this sector in Europe, the European Union’s (EU) research budget needs to be doubled, according to a new plan released by the Commission of The European Communities.

One of the more interesting uses of funds from the national tobacco settlement with the states, Virginia officials announced a $12 million economic development and broadband technology infrastructure initiative to serve more than 25 towns, cities and counties of rural Virginia.

The roller coaster ride that represents Washington's manufacturing policies and fiscal investments took a turn that was welcomed by MEP supporters when the House subcommittee for Commerce, Justice, and State appropriations last week decided to fund the Manufacturing Extension Partnership at $106 million in fiscal year 2005.

Many states and communities across the country want to be leaders in the much anticipated bio-based economic boom. Even more companies are hoping to create the next great multi-billion-dollar pill. For a few firms, that push for profits may be too great, replacing the original focus on human health or environmental issues.

With the establishment of a $1 million trust fund to serve as seed money, the new Oklahoma Institute of Technology intends to position the state as a national leader in information technology, engineering, and biotechnology. Governor Frank Keating signed Senate Bill 694 into law June 8, creating the public-private collaboration. Tulsa World news reports indicate supporters of the institute anticipate raising a $100 million endowment for the project and securing additional state support.

Editor’s Note: Results of the 2000 Census indicate that the U.S. population is aging. The median age, at 35.3 years, is the highest ever, and those 62 years and older total almost 10 percent more than they did in 1990. In every state except West Virginia, the census shows an increase of at least 20 percent in the 35 to 54 age group. Twenty-seven states saw a more than 30 percent increase in that age cohort.